9 Melton Street, Pawtucket, RI 02860

Pawtucket
Local realty services provided by:ERA Key Realty Services
9 Melton Street,Pawtucket, RI 02860
$1,750,000
  • 16 Beds
  • 9 Baths
  • 8,226 sq. ft.
  • Multi-family
  • Active
Listed by: john slyman
Office: new england apartment group
MLS#:1416377
Source:RI_STATEWIDE

Price summary

  • Price:$1,750,000
  • Price per sq. ft.:$212.74

About this home

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.

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Home facts

  • Year built:1988
  • Listing ID #:1416377
  • Added:48 day(s) ago
  • Updated:August 08, 2026 at 02:01 PM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:9
  • Full bathrooms:9
  • Rooms Total:54
  • Flooring:Vinyl
  • Basement:Yes
  • Living area:8,226 sq. ft.

Heating and cooling

  • Cooling:Wall Units
  • Heating:Baseboard, Gas

Structure and exterior

  • Year built:1988
  • Building area:8,226 sq. ft.
  • Lot area:0.2 Acres
  • Construction Materials:Vinyl Siding

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,750,000
  • Price per sq. ft.:$212.74
  • Tax amount:$17,924 (2025)

Features and amenities

  • Laundry features:Common Area
  • Amenities:Gas Water Heater

Parking

  • Total parking spaces:13
  • Parking description:No Garage
MLS LogoThe data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than ERA Key Realty Services are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 State-Wide MLS, Inc. All rights reserved. Date Last Update: August 8, 2026

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