$1,750,000
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.
Property details
- MLS #
- 1416377
- Property type
- Multi Family
- Subdivision
- N/A
- Status
- Active
- Days on market
- 10
- On market date
- June 25, 2026
- Stories
- N/A
- Garage spaces
- N/A
- Lot size
- 0.2024 acres
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 509
- Student:teacher ratio
- 12.4:1
- District
- Pawtucket
- Enrollment
- 697
- Student:teacher ratio
- 13.7:1
- District
- Pawtucket
- Enrollment
- 925
- Student:teacher ratio
- 14.7:1
- District
- Pawtucket
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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated July 6, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.