New Listing - 06/25/2026
9 Melton Street, Pawtucket, RI, 02860
1988
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.
Status:
Active
Type:
Commercial
Laundry Remarks:
Common Area
Units:
4
Heating:
Baseboard
Cooling:
Wall Unit(s)
Basement:
None
Parking:
13-car
Acreage:
0.2
Est. Taxes:
$17,924
Assessment
$779,000
Construction
Frame
Amenities:
Golf, Highway Access, Marina, Near Hospital, Near Schools, Other, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, See Remarks, Tennis Court(s)
MLS #:
1416381
Community Info
School Info
Walk Score
Mass Transit
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Listing courtesy of New England Apartment Group 508-330-0325