12 University Ave

Providence, RI 02906

$1,550,000
Price
8
Beds
3,435 Sq. Ft.
$451 / Sq. Ft.
3,435
Sq. Ft.
$451
per Sq. Ft.
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Listed By Compass
Listed By Compass
1st floor proposed plans
Unit 2 Townhouse proposed plans
Operating statement
Unit 1 living room
Unit 1 living room
Unit 1 living room
Unit 1 living room
Unit 1 kitchen
Unit 1 kitchen
Unit 2 entryway
Unit 2 living room
Unit 2 kitchen
Unit 2 kitchen
Unit 2 kitchen
Unit 2 Bath
Unit 2 townhouse top floor
Unit 2 Bedroom
Unit 1 Bedroom
Unit 2 townhouse top floor
Unit 2 townhouse top floor
Unit 2 townhouse top floor
Unit 2 townhouse top floor
Unit 2 townhouse top floor

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...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. Basement holds ADU potential with plans available. 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 Agent

  1. Scott Champagne

    Scott Champagne

    Listing Agent

    Compass

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Property Details for 12 University Avenue

Subdivision Name
EAST SIDE
Architectural Style
Stacked
LISTING UPDATED: 03/17/2026 09:46 AM

Property Details for 12 University Avenue

StatusActive
MLS #1405866
Days on Market1
Taxes$18,131 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1900
Lot Size0.08 AC / 3,485 SF
CountyProvidence County
Buyer's Agent Compensation2%
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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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$9,033 per month

30 year fixed, 6.11% Interest

Principal and Interest

$7,522

Property Taxes

$1,511

HOA Dues

$0

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Property Information for 12 University Avenue

Summary
Location and General Information
  • City: Providence
  • Community Features: Highway Access, Near Hospital, Near Schools, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, 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
  • Frontage Length: 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: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1900
Utilities
  • Electric: Amps200Or More
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Paved Driveway
  • Foundation Details: See Remarks
Interior Features
  • Appliances: Gas 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: Tub Shower
  • Laundry Features: In Unit
  • 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
  • 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
  • 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
  • Tenant Pays: Hot Water

Property History for 12 University Avenue

DateEvent & SourcePriceAppreciation
Mar 5, 2026

Listed (Active)

Rhode Island Association of REALTORS® #1405866

$1,550,000—
Apr 30, 2018

Sold (Public Record)

Public Record #621819668

$350,000—
DateEvent & SourcePrice
03/05/2026

Listed (Active)

Rhode Island Association of REALTORS® #1405866

$1,550,000
04/30/2018

Sold (Public Record)

Public Record #621819668

$350,000

For completeness, Compass 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.