179 Melrose Ave
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 23, 2025 | Sold | ||
| Sold | |||
| May 18, 2025 | In contract | - | |
| In contract | |||
| May 14, 2025 | Listed | $2,595,000 | |
| Listed | |||
| |||
|
Spectacular 2011 colonial on one of Needham's ladder streets, only a few blocks to town center and Mitchell school, this 4 bed, 5.5 bath home has it all! Covered front porch with swing and mature landscaping welcome you. Inside, arts and crafts style wainscoting, soaring ceilings, crown moldings, walnut floors, and high-end finishes throughout. 1st floor boasts livingroom; diningroom; study; kitchen with island, Subzero refrigerator, stainless appliances, white custom cabinetry and dining area; fireplaced familyroom; and slider to magnificent patio with built-in firepit and level fenced yard! Upstairs you will find private primary suite with vaulted ceiling, 2 walk-in closets, luxury bathroom with soaking tub and large tiled shower; 2 corner family bedrooms share double vanity bath; a corner ensuite bedroom; and laundry room. 3rd floor ideal for guest suite or office, with full bath. Basement with high ceilings, rec room, office/gym/bed option, and amazing music room. Welcome home!
| |||
| May 10, 2011 | Sold | ||
| Sold | |||
| Aug 12, 2010 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017