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$1,550,000

  • For Sale
  • Active
  • Multi-Family
  • 2 Units
  • 8 Total Beds
  • 0.08 Acres
  • Updated 20 hours ago
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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.

Full Property Details for 12 University Ave

General

  • Price: $1,550,000
  • Taxes: $18,131 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: STWMLS
  • MLS ID: 1405866
  • Updated: 3/30/2026
  • Added to Site: 26 day(s) ago

Interior

  • Number of Rooms: 14
  • Interior Features: Tub Shower
  • Fireplace(s): None
  • Appliances: Gas Water Heater
  • Flooring: Ceramic Tile, Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 8

Other Rooms

  • Laundry: In Unit

Additional Information

  • Tennis: Yes

Exterior

  • Exterior Features: Paved Driveway

Parking

  • Total Spaces: 2
  • Parking Features: No Garage

Location

  • County: Providence
  • Subdivision: EAST SIDE
  • Near Highway: Yes

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air, Gas

Utilities

  • Sewer: Connected, Public Sewer
  • Water: Connected, Public
  • Utility Description: Sewer Connected

Structural Information

  • # Buildings: 1
  • Architectural Style: Stacked
  • Detached/Attached: Detached
  • Construction: Drywall, Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Exterior Entry, Full, Interior Entry, Unfinished
  • Stories/Levels: 3
  • Building Size: 3435
  • Finished Total: 3,435 Sq. Ft.
  • Finished Above Grnd: 3,435 Sq. Ft.
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.08
  • Lot Size (Sq. Ft.): 3,485
  • Lot Size: 3485
  • Sidewalks: Yes

Financial Considerations

  • Assoc Fee Freq.: Monthly
  • Operating Expenses: $7,429
  • Tax Amount: $18,131
  • Tax Year: 2025
  • Tenant Pays: Hot Water

Disclosures and Reports

  • Inclusions: 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.
  • Property ID: 12UNIVERSITYAVPROV
  • Lot Number: 350

Listed by Compass

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— 12 University Ave —

  • Compass

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 12 University Ave

School District:Providence School District
NameGradesDistance
Martin Luther King El. School
35 Camp Street, Providence, RI 02906
K-50.6 mi
Vartan Gregorian El. School
455 Wickenden Street, Providence, RI 02903
PK-50.9 mi
Harry Kizirian Elementary School
60 Camden Avenue, Providence, RI 02908
K-51.8 mi
Nathan Bishop Middle School
101 Sessions Street, Providence, RI 02906
6-80.5 mi
Esek Hopkins Middle School
480 Charles Street, Providence, RI 02904
6-81.7 mi
Nathanael Greene Middle School
721 Chalkstone Avenue, Providence, RI 02908
6-82 mi
Hope High School
324 Hope Street, Providence, RI 02906
9-120.5 mi
Central High School, Providence, RI
70 Fricker Street, Providence, RI 02903
9-121.8 mi
Classical High School, Providence, RI
770 Westminster Street, Providence, RI 02903
9-121.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 12 University Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/05/2026
Listed
$1,550,000
342.86%
MLS
5/01/2018
Sold
$350,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 12 University Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$18,131
14%
$1,295,100
49%
2024
$15,920
—
$867,600
—
2023
$15,920
3%
$867,600
—
2022
$15,443
7%
$867,600
48%
2021
$14,412
—
$586,800
33%
2021
$14,412
33%
$440,700
—
2019
$10,824
-6%
$440,700
22%
2018
$11,525
—
$360,600
—
2017
$11,525
—
$360,600
—
2016
$11,525
7%
$360,600
11%
2015
$10,748
-2%
$324,700
—
2014
$10,959
—
$324,700
—
2013
$10,959
—
$324,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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Listed by Compass

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12 University Avenue, Providence, RI 02906 (MLS# 1405866) is a Multi-Family property with 2 units containing 8 bedrooms and 5 full bathrooms. 12 University Avenue is currently listed for $1,550,000 and was received on March 05, 2026. Want to learn more about 12 University Avenue? Do you have questions about finding other Multi-Family real estate for sale in Providence? You can browse all Providence real estate or contact a Coldwell Banker agent to request more information.

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