273 Main Street
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 25, 2025 | Sold | ||
| Sold | |||
| Jun 11, 2025 | In contract | - | |
| In contract | |||
| Jun 3, 2025 | Listed | $879,900 | |
| Listed | |||
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Introducing 273 Main Street, Melrose—this Victorian home, rich w/ character & charm—just like you would expect here in the City of Homes. Boasting 6 bedrooms, 2 baths & 2300+ square feet on three-living levels. From the inviting front porch to the foyer, you'll fall in love w/ the classic details that are hard to recreate today. Step inside to high ceilings, living room w/ pocket doors, & formal dining rm featuring a decorative fireplace w/ an ornate, tile-surround mantle. The updated kitchen offers ample storage & space for a small center island plus direct access to a fenced yard & patio. Upstairs you'll find four bedrooms & a third level w/ more room for 2 beds or use as flex spaces. Thoughtful updates including: mini-splits, updated windows, & many more! Just minutes to Wyoming Hill Commuter Rail, Oak Grove Orange Line T, & Melrose’s vibrant downtown featuring great shops & restaurants!
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| Jun 18, 2018 | Sold | ||
| Sold | |||
| Apr 19, 2018 | Listed by Century 21 Sexton & Donohue | $639,900 | |
| Listed by Century 21 Sexton & Donohue | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017