12 University Avenue, Providence, RI 02906
Local realty services provided by:CENTURY 21 Guardian Real Estate Services
Listed by: scott champagne
Office: compass
MLS#:1413277
Source:RI_STATEWIDE
Price summary
- Price:$1,490,000
- Price per sq. ft.:$433.77
About this home
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....
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Home facts
- Year built:1900
- Subdivision & Development:EAST SIDE
- Listing ID #:1413277
- Added:110 day(s) ago
- Updated:September 10, 2026 at 12:13 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:5
- Full bathrooms:5
- Rooms Total:14
- Flooring:Ceramic Tile, Hardwood
- Bathrooms Description:Bathtub, Tub Shower
- Basement:Yes
- Basement Description:Exterior Entry, Full, Interior Entry, Unfinished
- Living area:3,435 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Gas
- Central air:Yes
Structure and exterior
- Year built:1900
- Building area:3,435 sq. ft.
- Lot area:0.08 Acres
- Construction Materials:Drywall, Vinyl Siding
- Exterior Features:Porch
Utilities
- Water:Connected, Public
- Sewer:Connected, Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,490,000
- Price per sq. ft.:$433.77
- Tax amount:$18,131 (2025)
Features and amenities
- Laundry features:In Unit
- Amenities:Gas Water Heater, Tankless Water Heater
Parking
- Total parking spaces:2
- Parking description:No Garage
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