12 University Ave, Providence, RI, 02906
About This Home
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.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Foundation: Unknown
- Construction materials: Dry Wall,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Gas Water Heater
- Laundry features: In Unit
Basement
- Has basement: Yes
- Basement: Full,Interior and Exterior,Unfinished,Storage Space
Bathroom
- Features: Bath w Tub & Shower
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 5
Features
- Wall (Dry Wall),Plumbing (Mixed),Insulation (Unknown)
- Flooring: Ceramic Tile,Hardwood
- Fireplace features: None
Heating & Cooling
- Heating features: Natural Gas,Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 3,435
- Total interior livable area: 3,435 sqft
Property
Details
- Parcel number: PROVM39L350
- Attached to another structure: Yes
- Zoning: R3
Features
- Stories: 3
Lot
- Lot size: 3,484 sqft
- Features: Sidewalks
Parking
- Total spaces: 2
- Parking features: No Garage,Driveway
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Rhode Island Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $7,534 | $90,408 |
| Home Insurance * | $545 | $6,540 |
| Property Taxes | $1,672 | $20,064 |
| Electricity | $699 | $8,394 |
| Total | $10,450 | $125,400 |
Income You'd Need if You Spent...
Rhode Island FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-17 | Listed for sale | $1,550,000 |
| 2018-05-01 | Sold | $350,000 |
View on Zillow