3 Bartlett 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%.
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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 16, 2025 | Sold | ||
| Sold | |||
| Jun 4, 2025 | In contract | - | |
| In contract | |||
| May 28, 2025 | Listed | $1,049,000 | |
| Listed | |||
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In the heart of Russell Park—an enclave so warm and convivial it’s locally revered for throwing Melrose’s best block party—sits 3 Bartlett Street, a Victorian that wears its history with quiet pride. Built in the 19th century and spanning nearly 2,700 square feet, the home offers a study in elegance: soaring ceilings, original hardwood floors, ornate ceiling medallions, and a stately hearth that feels plucked from a Henry James novel. This is not the kind of charm that can be replicated—it’s the kind that’s been preserved. Set on a gracious corner lot, the home includes a private spa, inviting modern reprieve from its antique soul. And if location is the final frontier in real estate, this one is A++: mere moments from downtown Melrose, the Wyoming Hill Commuter Rail, and the Oak Grove T. A home for those who admire history, but live firmly in the present.
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| May 2, 2005 | Sold | ||
| Sold | |||
| Jan 25, 2005 | Listed | $519,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017