# 12 University Avenue, Providence, RI 02906

> **TL;DR:** 8bd/5ba residential multi family, $1,500,000 ($437/sqft), built 1900, 3,435 sqft.
> Hardwood, A/C. Est. $6,500/mo. Listed 10 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,500,000 |
| Price/sqft | $437 |
| Bedrooms | 8 |
| Bathrooms | 5 full |
| Square Feet | 3,435 |
| Year Built | 1900 |
| Lot Size | 3,485 sqft (0.08 acres) |
| Stories | 3 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 10 |

## Why This Home Stands Out

- **Hardwood Floors** - Throughout the home

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $6,500 |
| **Total** | **$6,500** |

## Key Amenities

- Hardwood
- A/C

## Property Highlights

- Built in 1900
- 0.08 acre lot
- 3 stories
- 2 parking spaces

## Description

### Agent Description
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.

## Location

- **Address:** 12 University Avenue, Providence, RI 02906
- **County:** Providence
- **Neighborhood:** East Side
- **Coordinates:** 41.833169, -71.393521
- **Google Maps:** https://www.google.com/maps?q=41.833169,-71.393521

## Listing Agent

- **Name:** Scott Champagne
- **Brokerage:** Compass
- **Phone:** (617) 206-3333
- **Email:** scott.champagne@compass.com

## Primary Photo

![12 University Avenue - Primary Photo](http://lh.rdcpix.com/2be0ec4ee452285b6cfd5f97e0d209abl-f1385541397r.jpg)

*44 total photos available on [listing page](https://www.propertysimple.com/listing/12-university-avenue-providence-ri-02906-1413277)*

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**MLS#:** 1413277 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/12-university-avenue-providence-ri-02906-1413277)

---

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