Map
Listed price in listed location currency (USD).
$1,750,000

16913

MLS® 1416377

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 8226 sqft
Garage 
Taxes $17,924
Days Active 0
Lot Size 0.2024 Acres
Approx. Age 1988
Avg. Price Per Sqft $212
MLS® Number 1416377

Property Address: 9 Melton St, Pawtucket, RI, 02860-3669

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number1416377
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1988
BasementNone
DrivewayNo Garage
Garage Spaces
HeatBaseboard, Gas
A/CWall Units

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 25, 2026List Date
$1,750,000List Price
Nov 7, 2023End Date
$1,010,000Sold Price

Sold

May 6, 2026List Date
$899,900List Price
Mar 12, 2026End Date
$1,895Sold Price

Leased

Feb 20, 2026List Date
$1,895List Price
  • Commute

Commute

Starting Address
Destination Address
9 Melton St, Pawtucket, RI

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties