USARIProvidenceEast-Side12 University Ave
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12 University Ave, Providence, RI

Real Estate

For Sale

Listed price in listed location currency (USD).
$1,550,000

852

MLS® 1405866

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3435 sqft
Garage No
Taxes $18,131
Days Active 14
Lot Size 0.08 acres
Approx. Age 1900
Avg. Price Per Sqft $451
MLS® Number 1405866

Property Address: 12 University Ave, Providence, RI, 02906-4122

Average square foot calculated using Size range provided by listing agent.

Description

This is the East Side two-family people wait years for. Fully gut renovated in 2020, from the foundation up, and currently leased through May 2027 with zero vacancy history and $105, 600 in annual gross income. The work is done. The tenants are in. You collect. Unit 2 spans two levels with five bedrooms, three baths, and lives like a private townhouse. Unit 1 offers three bedrooms and two baths with its own independent footprint. Central air, in-unit laundry, off-street parking, outdoor space, and high-end finishes throughout both units. At $8, 800/month in combined rent with tenants covering gas and electric, this property generates approximately $80, 040 NOI with leases resetting in 2027. Basement holds ADU potential with plans available. For investors, this is a clean, stabilized East Side hold. For 1031 buyers, it checks every box. For the right owner occupant, it's a rare chance to live large while the income works for you.
MLS® Number1405866
Laundry LevelIn Unit
Central VacNo
FireplaceNo
Acreage0.08
Exterior
GarageNo
Approx. Age1900
BasementExterior Entry, Full, Interior Entry, Unfinished
DrivewayNo Garage
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Property sold subject to existing leases in place through May 31, 2027. Financials provided by owner and believed accurate but not guaranteed. Buyers and buyer’s agents to perform their own due diligence regarding rents, expenses, and future development potential including ADU feasibility. Plans for potential ADU available from owner for a fee.

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 5, 2026List Date
$1,550,000List Price
  • Commute

Commute

Starting Address
Destination Address
12 University Ave, Providence, RI

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