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$1,490,000

  • For Sale
  • Active
  • Multi-Family
  • 2 Units
  • 8 Total Beds
  • 0.08 Acres
  • Updated 9 days ago
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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.

Full Property Details for 12 University Ave

General

  • Price: $1,490,000
  • Taxes: $18,131 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: STWMLS
  • MLS ID: 1413277
  • Updated: 6/29/2026
  • Added to Site: 48 day(s) ago

Interior

  • Number of Rooms: 14
  • Interior Features: Bathtub, Tub Shower
  • Fireplace(s): None
  • Appliances: Gas Water Heater, Tankless 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: Porch
  • Porch/Patio/Deck: Porch

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

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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Listing agent

— 12 University Ave —

  • Compass

401-269-3244

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

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
6/29/2026
Price Reduced
$1,490,000
-0.67%
MLS
5/22/2026
Listed
$1,500,000
328.57%
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.

Estimate the Cost for 12 University Ave

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12 University Avenue, Providence, RI 02906 (MLS# 1413277) is a Multi-Family property with 2 units containing 8 bedrooms and 5 full bathrooms. 12 University Avenue is currently listed for $1,490,000 and was received on May 22, 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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