USARIProvidenceEast-Side12 University Ave
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$1,490,000

For Sale

3 months ago

12 University Ave, Providence, RI

House

MLS® 1413277

8 Bed

5 Bath

3435 sqft

2 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3435 sqft
Garage 
Taxes $18,131
Days Active 78
Lot Size 0.08 Acres
Approx. Age 1900
Avg. Price Per Sqft $433
MLS® Number 1413277

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

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

Description

One of the best-located two-families on the East Side, positioned right between Wayland Square and College Hill. Fully gut renovated in 2020 from the foundation up. Structure, systems, interior, exterior, all rebuilt to a high standard. This is as turnkey as it gets. Eight bedrooms and five baths across two apartments. Unit 1 is a true 3 bed / 2 bath with its own independent footprint. Unit 2 spans two levels with 5 beds / 3 baths and lives like a private townhouse. Leased through May 2027 with zero vacancy history. Tenants pay gas and electric. $8, 800/month gross rent. $80, 040 NOI. Central air, in-unit laundry, off-street parking, and full-height basement with ADU potential. The value here is flexibility. Hold it as a stabilized long-term rental. Convert to condos and sell individually down the road. Explore an ADU for a third income stream. Let leases reset in 2027 and push rents to market. Or live in the townhouse unit yourself while the first floor offsets ownership costs. Multiple ways in. Multiple ways out. Priced at $1, 500, 000 with $80, 040 NOI and a clear path toward a 6%+ return over time. Buy it stabilized. Reposition it on your terms.
MLS® Number1413277
Laundry LevelEnsuite
Central VacNo
FireplaceYes
Acreage
Exterior
Garage
Approx. Age1900
BasementExterior Entry, Full, Interior Entry, Unfinished
DrivewayNo Garage
Garage Spaces
HeatForced Air, Gas
A/CCentral Air

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.

Price History

-End Date
Not Sold YetSold Price

For Sale

May 22, 2026List Date
$1,490,000List Price

Home Appraisal

This property is estimated to sell between: $1,490,000 and $1,761,000.
Similar properties in this area sold on average for: $1,670,333
Expect to pay over asking. 67% of similar properties sold for more than the asking price.
Expected to sell very soon! Similar properties sold in 9 days. This home has been on eXp Realty for 78 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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12 University Ave, Providence, RI

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