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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.

Overview

Property Status
For Sale
Lot Size
3,485 Sq.Ft.
MLS ID
1405866
Property Type
Multi-Family
Year Built
1900

Features & Amenities

Total Area
3,435 Sq.Ft.
Neighborhood
Providence
Architecture Styles
Stacked
Stories
3
Water Source
Connected, Public
Utilites
Sewer Connected
Parking
No Garage
Heat Type
Forced Air, Gas
Air Conditioning
Central Air
Laundry Room
In Unit
Fireplace
None
Appliances
Gas Water Heater
Other Interior Features
Tub Shower
Sewer
Connected, Public Sewer
Substructure
See Remarks
Other Exterior Features
Paved Driveway
Sales Price
$1,550,000
Real Estate Tax
$18,131/yr
Zoning
R3

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12 University Avenue

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for your interest in 12 University Avenue, Providence, RI 02906

12 University Avenue
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12 University Avenue

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  • CallScott Champagne

    License #REB0018893 - RI | #1000605 - MA

    (401) 447-8210
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