9 Melton St Pawtucket, RI 02860
Woodlawn NeighborhoodEstimated payment $11,132/month
Highlights
- Marina
- Community Pool
- Cooling System Mounted In Outer Wall Opening
- Golf Course Community
- Tennis Courts
- Public Transportation
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
Home Type
- Multi-Family
Est. Annual Taxes
- $17,924
Year Built
- Built in 1988
Home Design
- Vinyl Siding
Interior Spaces
- 8,226 Sq Ft Home
- Vinyl Flooring
Bedrooms and Bathrooms
- 16 Bedrooms
- 9 Full Bathrooms
Parking
- 13 Parking Spaces
- No Garage
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Uses Gas
- Baseboard Heating
- Separate Meters
- 100 Amp Service
- Gas Water Heater
Additional Features
- 8,817 Sq Ft Lot
- Property near a hospital
Listing and Financial Details
- Assessor Parcel Number 9MELTONSTPAWT
Community Details
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
- Community Pool
Additional Features
- 4 Units
- Operating Expense $46,310
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,244 | $779,000 | $79,400 | $699,600 |
| 2024 | $16,826 | $779,000 | $79,400 | $699,600 |
| 2023 | $8,631 | $509,500 | $66,200 | $443,300 |
| 2022 | $8,448 | $509,500 | $66,200 | $443,300 |
| 2021 | $8,448 | $509,500 | $66,200 | $443,300 |
| 2020 | $8,055 | $385,600 | $66,200 | $319,400 |
| 2019 | $8,055 | $385,600 | $66,200 | $319,400 |
| 2018 | $7,762 | $385,600 | $66,200 | $319,400 |
| 2017 | $9,513 | $418,700 | $66,200 | $352,500 |
| 2016 | $9,165 | $418,700 | $66,200 | $352,500 |
| 2015 | $9,165 | $418,700 | $66,200 | $352,500 |
| 2014 | $9,978 | $432,700 | $66,200 | $366,500 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/25/2026 06/25/26 | For Sale | $1,750,000 | 0.0% | $213 / Sq Ft |
| 03/12/2026 03/12/26 | Rented | $1,895 | 0.0% | -- |
| 02/20/2026 02/20/26 | For Rent | $1,895 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,010,000 | None Available | |
| Warranty Deed | $535,000 | -- | |
| Warranty Deed | $362,500 | -- | |
| Deed | $255,000 | -- | |
| Warranty Deed | $175,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $5,250,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $757,500 | Purchase Money Mortgage | |
| Previous Owner | $290,000 | Commercial | |
| Previous Owner | $183,000 | Commercial | |
| Previous Owner | $244,800 | Commercial |
Source: State-Wide MLS
MLS Number: 1416377
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