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12 University Avenue, 
Providence, RI 02906

$1,550,000


8

Beds


5

Baths


3,435

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Scott Champagne

Compass

Last updated:

March 17, 2026, 04:03 PM

MLS#

1405866

Source:

RI STATEWIDE

About This Home

12 University Avenue

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.

Home Facts

Multi-Family

5 Baths

8 Bedrooms

Built in 1900

Price Summary

1,550,000

$451 per Sq. Ft.

MLS #:

1405866

Last Updated:

March 17, 2026, 04:03 PM

Added:

13 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

5

Full Bathrooms:

5

Interior

Living Area:

3,435 Sq. Ft.


Structure

Structure

Building Area:

3,435 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

3,484


Finances & Disclosures

Finances

Price:

$1,550,000

Price per Sq. Ft:

$451 per Sq. Ft.

MLS Logo
The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Coldwell Banker Realty are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 State-Wide MLS, Inc. All rights reserved. Date Last Update: March 17, 2026

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.