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Pending
    • $1,490,000

    12 University Ave, Providence, RI 02906

    8beds
    3,435sqft
    : 
    $9,375/mo
    Get pre-qualified
    Multi Family
    Built in 1900
    -- sqft lot
    $1,388,000 Zestimate®
    $434/sqft
    $-- HOA

    What's special

    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.
    141 days
    63
    0

    Zillow last checked:

    Listing updated:

    Listed by:

    Scott Champagne 401-269-3244,

    Compass

    Source: StateWide MLS RI,MLS#: 1413277MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 5
      • Full bathrooms: 5
      Bathroom
      • Features: Bath w Tub, Bath w Tub & Shower
      Heating
      • Natural Gas, Forced Air
      Cooling
      • Central Air
      Appliances
      • Included: Gas Water Heater, Tankless Water Heater
      • Laundry: In Unit
      Features
      • Wall (Dry Wall), Plumbing (Mixed), Insulation (Unknown)
      • Flooring: Ceramic Tile, Hardwood
      • Basement: Full,Interior and Exterior,Unfinished,Storage Space,Utility
      • Has fireplace: No
      • Fireplace features: None
      Interior area
      • Total structure area: 3,435
      • Total interior livable area: 3,435 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: No Garage
      Features
      • Stories: 3
      • Patio & porch: Porch
      Lot
      • Size: 3,484 Square Feet
      • Features: Sidewalks
      Details
      • Parcel number: PROVM39L350
      • Zoning: R3

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Materials
      • Dry Wall, Vinyl Siding
      • Foundation: Unknown
      Condition
      • New construction: No
      • Year built: 1900

      Utilities & green energy

      • Electric: 200+ Amp Service
      • Sewer: Public Connected
      • Water: Public
      • Utilities for property: Water Connected

      Community & HOA

      Community
      • Features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
      • Subdivision: East Side
      HOA
      • Has HOA: No
      Location
      • Region: Providence

      Financial & listing details

      • Price per square foot: $434/sqft
      • Tax assessed value: $1,295,100
      • Annual tax amount: $18,131
      • Date on market: 5/22/2026
      • Inclusions: Property sold subject to existing leases in place through May 31, 2027. Financials provided by owner and believed accurate but not guaranteed. Buyers and buyer’s agents to perform their own due diligence regarding rents, expenses, and future development potential including ADU feasibility.
      • Total actual rent: 8800
      • Tenant pays: Heat

        Estimated market value

        $1,388,000

        $1.32M - $1.46M

        $3,744/mo

        Price history

        DateEventPrice
        9/9/2026Pending sale$1,490,000$434/sqft
        Source: StateWide MLS RI #1413277 Report a problem
        8/30/2026Contingent$1,490,000$434/sqft
        Source: StateWide MLS RI #1413277 Report a problem
        6/29/2026Price change$1,490,000-0.7%$434/sqft
        Source: StateWide MLS RI #1413277 Report a problem
        5/22/2026Price change$1,500,000-3.2%$437/sqft
        Source: StateWide MLS RI #1413277 Report a problem
        3/17/2026Listed for sale$1,550,000+342.9%$451/sqft
        Source: StateWide MLS RI #1405866 Report a problem
        5/1/2018Sold$350,000$102/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$18,131 +13.9%$1,295,100 +49.3%
        2024$15,920 +3.1%$867,600
        2023$15,443 $867,600
        2022$15,443 +7.2%$867,600 +47.9%
        2021$14,412 +0%$586,800 +33.2%
        2020$14,412 +33.2%$440,700
        2019$10,824 -6.1%$440,700 +22.2%
        2018$11,525 0%$360,600
        2017$11,525 $360,600
        2016$11,525 +7.2%$360,600 +11.1%
        2015$10,748 -1.9%$324,700
        2013$10,959 -22.6%$324,700 -26.9%
        2012$14,159 $444,000
        2011$14,159 +5%$444,000
        2010$13,489 -4.4%$444,000 -23.8%
        2009$14,105 +6%$582,600
        2007$13,307 +6.5%$582,600 +41%
        2006$12,494 $413,300
        2005$12,494 $413,300
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Blackstone

        Getting around

        78 / 100
        Very Walkable
        46 / 100
        Some Transit
        61 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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