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9 Melton St

Pawtucket RI 02860

16
9
13
8226 sq. ft.
8817 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

9 Melton Street is a cash-flowing, nine-unit multifamily property generating $15,440/month ($185,280 annually) in Pawtucket, RI. The unit mix of seven 2-bedroom/1-bath and two 1-bedroom/1-bath apartments is largely renovated seven of the nine units have been fully updated with new cabinetry, granite countertops, new flooring, new appliances, and new bathroom vanities and major systems are new, including the roof, windows, and boilers. In-place rents sit below market, offering approximately 11% upside to a $17,100/month ($205,200 annually) market level as leases roll. Priced at $1,750,000 ($194,444 per unit) a 7.2% in-place cap rate rising to 8.2% at market the offering combines immediate cash flow with a strong value-add profile. Financials and rent roll available upon request. The Seller has a contractual interest in this property but is not the legal owner.

Features

16 bedrooms
9 bathrooms
13 carspaces
8226 sq. ft. floor area
8817 sq. ft. lot size
Multi-Family

Property history for 9 Melton St

2026
Rented
Undisclosed
12 Mar 2026 by Neighborhood Realty
2018
Sold
$535,000
10 Sep 2018
2016
Sold
$362,500
21 Dec 2016

Happy sellers in Pawtucket

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Local market activity for 16 bedroom multi families in Pawtucket

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