9 Melton Street, Pawtucket
9 Melton Street, Pawtucket
9 Melton Street, Pawtucket
9 Melton Street, Pawtucket
9 Melton Street, Pawtucket
9 Melton Street, Pawtucket
9 Melton Street, Pawtucket
9 Melton Street, Pawtucket
9 Melton Street, Pawtucket
9 Melton Street, Pawtucket
9 Melton Street, Pawtucket
9 Melton Street, Pawtucket
9 Melton Street, Pawtucket
9 Melton Street, Pawtucket
9 Melton Street, Pawtucket
9 Melton Street, Pawtucket
9 Melton Street, Pawtucket
9 Melton Street, Pawtucket
9 Melton Street, Pawtucket
9 Melton Street, Pawtucket
9 Melton Street, Pawtucket
9 Melton Street, Pawtucket
9 Melton Street, Pawtucket
9 Melton Street, Pawtucket
9 Melton Street, Pawtucket
9 Melton Street, Pawtucket

9 Melton Street Pawtucket

$1,750,000
16 9 8,226 sq ft

Map View Street View

The Property

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.

Read more

Listing Details

MLS Number

1416377

Lot Size:

0.20 acres

Features

  • Bus
  • Commuter Bus
  • Golf
  • Highway Access
  • Hospital
  • Interstate
  • Marina
  • Private School
  • Public School
  • Railroad
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Near Swimming
  • Tennis
  • Heating: Natural Gas, Baseboard
  • Heating Fuel: Natural Gas, Baseboard
  • Laundry
  • Year Built: 1988

See more features

View More Photos

Market Trends for Single Family Homes
in Pawtucket

  • Overview
    Homes for Sale Today95-93.9% decrease in inventory
    New on Market *78-8.2% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$280.00$10 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$520,216$72,918 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *101.53%-3.2% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$268.73$39 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *665 decrease in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by New England Apartment Group
Phone: 508-330-0325

Similar Listings

167 George Street

Pawtucket

$2,000,000
28 32 28,442 sq ft
Save to my properties

10 - 26 Saratoga Avenue

Pawtucket

$2,150,000
18 10.5 8,578 sq ft
Save to my properties

Exclusively From Us To You

We invite you to join our exquisite collection of properties, latest news and events.

Thank you for subscribing!