9 Melton St, Pawtucket, RI 02860
- Beds
- 16
- Baths
- 9
- Sqft
- 8,226
- Pool
- Yes
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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.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 16
- Number of bathrooms
- 9
- Square feet
- 8,226
- Lot size (acres)
- 0.20
- Year built
- 1988
Interior features
- Laundry
- Common Area
Exterior features
- Pool
- Yes
- Area amenities
- Golf Course
Utilities
- Heating
- Natural Gas, Baseboard
- Cooling
- Wall Units
- Sewer
- Public Sewer
- Water
- Public Water
Taxes
- Tax Annual Amount (2025)
- $17,924
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: StateWide MLS MLS®#: 1416377 Last checked: …

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