Pending

$1,750,000

9 Melton Street, Pawtucket, RI 02860

16beds

8,500sqft

$11,240/mo

Get pre-qualified

Multi Family

Built in 1988

-- sqft lot

$1,646,500 Zestimate^®

$206/sqft

$-- HOA

What's special

New flooringNew appliancesNew bathroom vanitiesGranite countertopsNew cabinetry

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.

90 days
45
1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 16
Bathrooms: 9
Full bathrooms: 9

Heating

Natural Gas, Baseboard

Cooling

Wall Unit(s)

Appliances

Included: Gas Water Heater
Laundry: Common Area

Features

Flooring: Vinyl
Basement: None
Has fireplace: No

Interior area

Total structure area: 8,226
Total interior livable area: 8,500 sqft

Property

Parking

Total spaces: 13
Parking features: No Garage

Lot

Size: 8,816 Square Feet

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Vinyl Siding

Condition

New construction: No
Year built: 1988

Utilities & green energy

Electric: 100 Amp Service, Individual Meter
Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis

HOA

Has HOA: No

Location

Region: Pawtucket

Financial & listing details

Price per square foot: $206/sqft
Annual tax amount: $17,924
Date on market: 6/25/2026
Inclusions: No warranty or representation, expressed or implied, is made by the Owner or Broker or any related entity as to the accuracy or completeness of the information contained herein, including but not limited to financial information or projections or any information related to the physical buildings or land. Prospective purchasers should make their own investigations, projections, and conclusions. It is expected that prospective purchasers will conduct their own independent due diligence concerning the offering.
Total actual rent: 15440

Estimated market value

$1,646,500

$1.56M - $1.73M

$1,603/mo

Price history

Date	Event	Price
8/28/2026	Pending sale	$1,750,000$206/sqft
Source: StateWide MLS RI #1416377 Report a problem
6/25/2026	Listed for sale	$1,750,000+382.8%$206/sqft
Source: StateWide MLS RI #1416377 Report a problem
12/20/2016	Sold	$362,500$43/sqft
Source: Agent Provided Report a problem