12 University Avenue

Off Market

12 University Avenue

Providence RI 02906

3435 sq. ft.

3485 sq. ft.

Multi-Family

Last sold for $1,445,000

Scott Champagne, last sold this property on 16 October 2026 after 212 days on market.

Overview

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.

Features

8 bedrooms

5 bathrooms

2 carspaces

3435 sq. ft. floor area

3485 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar 8 bedroom multi families sold in Providence over the last 12 months, the estimated median property value of 12 University Avenue is $1.13m.

Median value

$1.13m

Estimated value range

$630k - $2m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Providence. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 12 University Avenue

2026

Sold

$1,445,000

16 Oct 2026 by Scott Champagne, of Compass

Happy sellers in Providence

We have insufficient information to provide an overview of customer satisfaction for Providence. Viewing the agent profiles, reviews and sales for Providence can provide insights for this location.

Local market activity for 8 bedroom multi families in Providence

In the last 12 months, 8 eight-bedroom multi families similar to 12 University Avenue, have been sold.

This represents a 12% decrease in eight-bedroom multi families sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Providence for a market analysis.

Lavonne Lopes

(70 reviews)

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Andrea St. Germain

at Keller Williams Coastal

(8 reviews)

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Steven Miller

at Coldwell Banker Realty

(30 reviews)

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Pamela Reis

at Mateus Realty

(6 reviews)

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Providence

Lavonne Lopes

Lavonne Lopes is a recommended agent for Providence. They have 3 local sales and collected 1 local review across the last 12 months.

5 (70 reviews)
1 Review in Providence
3 Sales in Providence

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Andrea St. Germain

Andrea St. Germain is an award winning recommended agent for Providence. They have 1 local sale and collected 1 local review across the last 12 months.