12 University Ave

Providence, RI 02906

$1,500,000
Price
8
Beds
3,435 Sq. Ft.
$437 / Sq. Ft.
3,435
Sq. Ft.
$437
per Sq. Ft.
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Listed By CompassNew
Listed By CompassNew

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...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.

Listing Agent

  1. Scott Champagne

    Scott Champagne

    Listing Agent

    Compass

    P: (401)-447-8210

    CallText

Property Details for 12 University Avenue

Subdivision Name
EAST SIDE
Architectural Style
Stacked
LISTING UPDATED: 05/22/2026 01:31 PM

Property Details for 12 University Avenue

StatusActive
MLS #1413277
Days on MarketListed Today
Taxes$18,131 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1900
Lot Size0.08 AC / 3,485 SF
CountyProvidence County
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Location

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Building Information for 12 University Avenue

Stories3Residences2Year Built1900Building Size-Lot Size0.08 AC / 3,485 SF

Payment Calculator

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$8,986 per month

30 year fixed, 6.36% Interest

Principal and Interest

$7,475

Property Taxes

$1,511

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 12 University Avenue

Summary
Location and General Information
  • City: Providence
  • Community Features: Golf, Highway Access, Near Hospital, Near Schools, Other, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, See Remarks, Tennis Courts, Sidewalks
  • Postal City: Providence
  • Postal Code: 02906
  • Postal Code Plus4: 4122
  • State Or Province: RI
  • Zoning: R3
  • Human Modified Y N: No
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 2
Taxes and HOA Information
  • Association Fee: $.00
  • Association Fee Frequency: Monthly
  • Tax Annual Amount: $18,131.00
  • Tax Assessed Value: 1295100
  • Tax Lot: 350
  • Tax Map Number: 39
  • Tax Year: 2025
Property
Lot Information
  • Above Grade Fin SQFT: 3435.0
  • Building Area Total: 3435.0
  • Living Area Source: Public Records
  • Lot Size Acres: 0.08
  • Lot Size Area: 3485.0
  • Lot Size Square Feet: 3485.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 12UNIVERSITYAVPROV
  • Stories Total: 3
Property and Assessments
  • New Construction Y N: No
  • Number Of Units Total: 2
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community Y N: No
  • Year Built: 1900
  • C L I P: 8,051,992,911
Utilities
  • Electric: Amps200Or More
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Porch
  • Foundation Details: See Remarks
Interior Features
  • Appliances: Gas Water Heater, Tankless Water Heater
  • Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 5
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 5
  • Bedrooms Total: 8
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Ceramic Tile, Hardwood
  • Heating: Forced Air, Gas
  • Heating Y N: Yes
  • Interior Features: Bathtub, Tub Shower
  • Laundry Features: In Unit
  • Patio And Porch Features: Porch
  • Rooms Total: 14
Multi Family
Income & Expenses Information
  • Operating Expense: $7,429.00
Unit 1 Information
  • Actual Rent: $5,200.00
  • Description: Lease till 5/31/27
  • Type: Four Bedroom Or More
  • Unit Type Area: 2053.0
  • Baths Total: 3
  • Beds Total: 5
  • Num of Full Baths: 3
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $3,600.00
  • Description: Lease till 5/31/27
  • Type: Three Bedroom
  • Unit Type Area: 1382.0
  • Baths Total: 2
  • Beds Total: 3
  • Num of Full Baths: 2
  • Num of Half Baths: 0
Rental
Rental Information
  • Land Lease Y N: No

Property History for 12 University Avenue

DateEvent & SourcePriceAppreciation
May 22, 2026

Permanently Off Market

Rhode Island Association of REALTORS® #1405866

—
May 22, 2026

Listed (Active)

Rhode Island Association of REALTORS® #1413277

$1,500,000—
Mar 5, 2026

Listed (Active)

Rhode Island Association of REALTORS® #1405866

$1,550,000—
DateEvent & SourcePrice
05/22/2026

Permanently Off Market

Rhode Island Association of REALTORS® #1405866

—
05/22/2026

Listed (Active)

Rhode Island Association of REALTORS® #1413277

$1,500,000
03/05/2026

Listed (Active)

Rhode Island Association of REALTORS® #1405866

$1,550,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 12 University Avenue

Taxable ValueLand$521,400Additions$773,700Total$1,295,100
Tax Record2025$18,131 ($1,511 / month)
Home Facts
Baths3Total Finished SqFt3,435 SqFtAbove Grade Finished SqFt3,435 SqFtStories3Lot Size3,600 SqFtStyleTriplexYear Built1900ZoningR-1CountyPROVIDENCEAPNPROV M:39 L:350Fireplace TypeHas Fireplace

Schools near 12 University Avenue

This home is within Providence School District.
Rating
School
Type
Grades
Distance
Martin Luther King Elementary School
Public - PK to 5
Nathan Bishop Middle School
Public - 6 to 8
Hope High School
Public - 9 to 12
Hope Leadership School
Public - 9 to 12
Rating
School
Distance
Martin Luther King Elementary School
PublicPK to 5

Nathan Bishop Middle School
Public6 to 8

Hope High School
Public9 to 12

Hope Leadership School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 12 University Avenue, Providence, RI 02906

12 University Avenue is a multi-family home for sale in Providence, RI 02906. This listing's school district is Providence School District. Nearby schools include Martin Luther King Elementary School, Nathan Bishop Middle School and Hope High School. 12 University Avenue is a 8-bed, 5-bath, 3,435 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.