24 Brown St
About This Property
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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 18, 2025 | Sold | ||
| Sold | |||
| Jun 25, 2025 | In contract | - | |
| In contract | |||
| Jun 18, 2025 | Listed | $799,000 | |
| Listed | |||
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Welcome to 24 Brown Street, where charm, updates, and unbeatable location come together in the heart of Melrose. Nestled in a picturesque neighborhood just minutes from vibrant downtown, this classic colonial offers easy access to local shops, restaurants, and coffee spots—plus the convenience of the commuter rail station less than half a mile away and Oak Grove (Orange Line) just over a mile down the road. Inside, this home blends original character with thoughtful updates including a half bath on the first floor, updated kitchen with new cabinets, appliances, and backsplash, and fresh paint throughout—inside and out. The layout offers flexible living spaces, perfect for everyday living and entertaining. Recent updates include: kitchen cabinets & appliances (2022), high efficiency condensing boiler & hot water heater (2024), 50 amp EV charging (2025), washing machine (2023), interior/exterior paint deleading (2025).
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| Jun 8, 2022 | Sold | ||
| Sold | |||
| May 4, 2022 | Listed by Compass | $625,000 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017