$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
- Apartment,Multi Family
- Subdivision
- N/A
- Status
- Active
- Days on market
- N/A
- On market date
- N/A
- 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 June 25, 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.