12 University Avenue Providence

$1,550,000
8 5 3,435 sq ft

The Property

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.

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Listing Details

MLS Number

1405866

Lot Size:

0.08 acres

Features

  • Basement: Full, Interior and Exterior, Unfinished, Storage Space
  • Bus
  • Commuter Bus
  • Highway Access
  • Hospital
  • Interstate
  • Private School
  • Public School
  • Railroad
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Near Swimming
  • Tennis
  • Heating: Natural Gas, Forced Air
  • Heating Fuel: Natural Gas, Forced Air
  • Laundry
  • Paved Driveway
  • Sidewalks
  • Year Built: 1900

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Market Trends for Single Family Homes
in Providence

  • Overview
    Homes for Sale Today235-93.2% decrease in inventory
    New on Market *14827.6% increase in new listings
    Avg. Asking Price/Sq.Ft. *$333.63$39 increase in List Price/Sq.Ft.
    Avg. Sale Price *$764,808$213,367 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *99.23%1.5% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$357.25$77 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *6718 decrease in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Compass

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