Skip To Content

12 University Avenue

Providence, RI 02906
  • $1,550,000
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: 1405866
UPDATED: 29 min ago
$1,550,000
  • 8
    BEDS
  • 0.08
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 3,435
    SQFT
  • $451
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

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.

Monthly Payment Calculator



[Rhode Island Statewide MLS] logo

© 2026 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Lavonne Lopes Group | Keller Williams Coastal are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lavonne Lopes Group | Keller Williams Coastal. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-04-12T12:37:41.523.
www.lavonnelopes.com/homes/174168619
Print Image

12 University Avenue Providence, RI 02906

  • Price: $1,550,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 29 min ago
  • MLS #: 1405866
8
Beds
5
Baths
0
½ Baths
0.08
Acres
3,435
SQFT
$451
$/SQFT
1900
Built
Neighborhood:
East Side
County:
Providence
Area:
Providence
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.
Exterior Features

Architectural Style Stacked Construction Materials Drywall Vinyl Siding Covered Spaces 0 Exterior Features Paved Driveway Foundation Details See Remarks Frontage Length 0 Garage YN No Parking Features No Garage Parking Total 2

Interior Features

Appliances Gas Water Heater Basement Exterior Entry Full Interior Entry Unfinished Basement YN Yes Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Fireplaces Total 0 Flooring Ceramic Tile Hardwood Heating Forced Air Gas Heating YN Yes Interior Features Tub Shower

Property Features

Association Fee 0 Association Fee Frequency Monthly Community Features Highway Access Near Hospital Near Schools Pool Public Transportation Recreation Area Restaurant Shopping Tennis Court(s) Sidewalks Electric 200+ Amp Service Human Modified YN Yes Inclusions Property sold subject to existing leases in place through May 312027. Financials provided by owner and believed accurate but not guaranteed. Buyers and buyer’s agents to perform their own due diligence regarding rentsexpensesand future development potential including ADU feasibility. Land Lease YN No Laundry Features In Unit New Construction YN No Operating Expense 7429 Property Sub Type Multi Family Senior Community YN No Sewer Connected Public Sewer Tax Annual Amount 18131 Tax Assessed Value 1295100 Tax Lot 350 Tax Year 2025 Tenant Pays Hot Water Utilities Sewer Connected Water Source Connected Public Zoning R3

[Rhode Island Statewide MLS] logo Listing information © 2026 State-Wide Multiple Listing Service.
Listing provided courtesy of Compass: .



[Rhode Island Statewide MLS] logo

© 2026 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Lavonne Lopes Group | Keller Williams Coastal are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lavonne Lopes Group | Keller Williams Coastal. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-04-12T12:37:41.523.
 
https://bt-photos.global.ssl.fastly.net/rhodeisland/orig_boomver_1_1405866-2.jpg https://bt-photos.global.ssl.fastly.net/rhodeisland/orig_boomver_1_1405866-2.jpg https://bt-photos.global.ssl.fastly.net/rhodeisland/orig_boomver_1_1405866-2.jpg
Logo
The Lavonne Lopes Group | Keller Williams Coastal
501 Centerville Rd. Suite 201
Warwick RI, 02886