12 University Avenue

Providence RI 02906

3435 sq. ft.

3485 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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.

Features

8 bedrooms

5 bathrooms

2 carspaces

3435 sq. ft. floor area

3485 sq. ft. lot size

Multi-Family

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