$1,550,000

12 University Avenue, Providence, RI 02906

8 beds |
5 baths |
3,435 sqft

Multi-Family Home
Built in 1900
3,485sqft lot
—— car garage
$451/sqft
Listed 27 days ago

Property 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. 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.

Listing Status:: Active
Date Added:: March 5, 2026
Data Last Updated:: April 1, 2026 at 2:19PM
Listing Office:: Compass : 401-274-1644
MLS ID:: 1405866

General: Tub Shower
Appliances: Gas Water Heater
Laundry: In Unit
Basement: Exterior EntryFullInterior EntryUnfinished
Flooring: Ceramic TileHardwood
A/C: Central Air
Heating: Forced AirGas
Fireplace: Fireplaces: 0

General: Paved Driveway
Style: Stacked
Parking: No GarageParking spaces: 2

General: DrywallVinyl Siding3See Remarks

HOA Amenities: 0.0Monthly
Originating MLS: RIS_RIS
County: Providence

Zoning: R312UNIVERSITYAVPROV

Utilities: Sewer Connected200+ Amp Service
Water: ConnectedPublic
Sewer: ConnectedPublic Sewer

Source: RIS_RIS

This listing courtesy of Compass

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Martin Luther King Elementary School

35 Camp St, Providence, RI, 02906

Grades PK-5

0.60 miles away

Nathan Bishop Middle School

101 Sessions St, Providence, RI, 02906

Grades 6-8

0.52 miles away

Hope High School

324 Hope St, Providence, RI, 02906

Grades 9-12

0.45 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.