12 University AVE, Providence, RI 02906
12 University AVE, Providence, RI 02906
12 University AVE, Providence, RI 02906
12 University AVE, Providence, RI 02906
12 University AVE, Providence, RI 02906
12 University AVE, Providence, RI 02906
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L&L Homes Team

L&L Homes Team

+1(508) 649-5646
$ 1,550,000
Est. payment | /mo

8 Beds

5 Baths

3,435 SqFt

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$ 1,550,000
Est. payment | /mo
Save Virtual Tour

8 Beds

5 Baths

3,435 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,435 sqft

Price per Sqft $451

Subdivision East Side

MLS Listing ID 1405866

Style Stacked

Bedrooms 8

Full Baths 5

HOA Y/N No

Abv Grd Liv Area 3,435

Year Built 1900

Annual Tax Amount $18,131

Tax Year 2025

Lot Size 3,484 Sqft

Acres 0.08

Property Sub-Type Multi Family

Property Description

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. 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.

Location

State RI

County Providence

Community East Side

Zoning R3

Rooms

Basement Exterior Entry, Full, Interior Entry, Unfinished

Interior

Interior Features Tub Shower

Heating Forced Air, Gas

Cooling Central Air

Flooring Ceramic Tile, Hardwood

Fireplaces Type None

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.

Fireplace No

Appliance Gas Water Heater

Laundry In Unit

Exterior

Exterior Feature Paved Driveway

Community Features Highway Access, Near Hospital, Near Schools, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), Sidewalks

Utilities Available Sewer Connected

Total Parking Spaces 2

Garage No

Building

Foundation See Remarks

Sewer Connected, Public Sewer

Water Connected, Public

Architectural Style Stacked

Structure Type Drywall,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 12UNIVERSITYAVPROV

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12 University AVE

L&L Homes Team
L&L Homes Team

Licensed in MA, CA, RI | License ID: 9527841

+1(508) 649-5646 | info@llhomesteam.com

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