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$1,750,000 Just Listed
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Property 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.
Full Property Details
Full Property Details for 9 Melton St
General
- Price: $1,750,000
- Taxes: $17,924 (2025)
- Status: Active
- Type: Apartment
- Source: STWMLS
- MLS ID: 1416377
- Updated: 6/25/2026
- Added to Site: 6 day(s) ago
Interior
- Number of Rooms: 54
- Appliances: Gas Water Heater
- Flooring: Vinyl
Rooms
Bathrooms
- Total Bathrooms: 9
- Full Bathrooms: 9
Bedrooms
- Total Bedrooms: 16
Other Rooms
- Laundry: Common Area
Additional Information
- Tennis: Yes
Parking
- Total Spaces: 13
- Parking Features: No Garage
Location
- County: Providence
- Near Highway: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Wall Unit(s)
- Heating Type: Baseboard, Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Structure Type: Apartment
- Detached/Attached: Detached
- Construction: Vinyl Siding
- Basement Desc.: None
- Stories/Levels: 0
- Building Size: 8226
- Finished Total: 8,226 Sq. Ft.
- Finished Above Grnd: 8,226 Sq. Ft.
- Year Built: 1988
Lot Features
- Lot Size (Acres): 0.2024
- Lot Size (Sq. Ft.): 8,817
- Lot Size: 8817
Financial Considerations
- Operating Expenses: $46,310
- Tax Amount: $17,924
- Tax Year: 2025
- Owner Pays: Hot Water
Disclosures and Reports
- Inclusions: 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
- Property ID: 9MELTONSTPAWT
Listed by New England Apartment Group
Get Pre-Approved Today
Schools
Schools serving 9 Melton St
School District:Pawtucket School District
| Name | Grades | Distance |
|---|---|---|
Elizabeth Baldwin School 723 Central Avenue, Pawtucket, RI 02861 | K-5 | 2.4 mi |
Samuel Slater Junior High School 281 Mineral Spring Avenue, Pawtucket, RI 02860 | 6-8 | 0.3 mi |
Shea High School 485 East Avenue, Pawtucket, RI 02860 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 9 Melton St
Date
Details
Price
Change
Source
6/25/2026
Listed
$1,750,000
73.27%
MLS
1/16/2024
Sold
$1,010,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 9 Melton St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,244
-39%
$779,000
—
2024
$16,826
95%
$779,000
53%
2023
$8,631
2%
$509,500
—
2022
$8,448
—
$509,500
—
2021
$8,448
5%
$509,500
32%
2020
$8,055
—
$385,600
—
2019
$8,055
4%
$385,600
—
2018
$7,762
-18%
$385,600
-8%
2017
$9,513
4%
$418,700
—
2016
$9,165
—
$418,700
—
2015
$9,165
-8%
$418,700
-3%
2013
$9,978
—
$432,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 9 Melton St
9 Melton Street, Pawtucket, RI 02860 (MLS# 1416377) is a Apartment property with 16 bedrooms and 9 full bathrooms. 9 Melton Street is currently listed for $1,750,000 and was received on June 25, 2026. Want to learn more about 9 Melton Street? Do you have questions about finding other Apartment real estate for sale in Pawtucket? You can browse all Pawtucket real estate or contact a Coldwell Banker agent to request more information.

