USARIPawtucket9 Melton St
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$1,750,000

Sold

3 months ago

9 Melton St, Pawtucket, RI

House

MLS® 1416381

Buyer represented by Paula Torres of Keller Williams Leading Edge

0 Bed

0 Bath

8226 sqft

13 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size 8226 sqft
Garage 
Taxes $17,924
Lot Size 0.2024 Acres
Approx. Age 1988
Avg. Price Per Sqft $212
MLS® Number 1416381

Property Address: 9 Melton St, Pawtucket, RI, 02860-3669

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number1416381
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1988
BasementNone
Driveway
Garage Spaces
HeatBaseboard
A/CWall Units

Extras

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.

Price History

Aug 28, 2026End Date
$1,620,000Sold Price

Sold

Jun 25, 2026List Date
$1,750,000List Price
Nov 7, 2023End Date
$1,010,000Sold Price

Sold

Oct 27, 2023List Date
$899,900List Price
  • Commute

Commute

Starting Address
Destination Address
9 Melton St, Pawtucket, RI

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