34
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337 MELROSE AVENUE
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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 |
|---|---|---|---|
| Oct 26, 2026 | In contract | - | |
| In contract | |||
| Oct 9, 2026 | Listed by Agent06 LLC | $324,900 | |
| Listed by Agent06 LLC | |||
| Jul 20, 2020 | Sold | ||
| Sold | |||
| May 1, 2020 | Listed by BHHS Fox & Roach-Marlton | $194,900 | |
| Listed by BHHS Fox & Roach-Marlton | |||
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Welcome to 337 Melrose Ave! This adorable Bungalow is perfect for the 1st time Home Buyer or the person downsizing and needing a 1st floor bedroom and bath! From the moment you enter the front door you will notice the charm of the original hardwood floors and the open layout. The updated kitchen has oak cabinets, tiled backsplash, brand new flooring and a cute breakfast bar. The window over the kitchen sink looks directly out into the huge fully fenced backyard w/patio great for entertaining! 2 bedrooms & full bath complete the 1st floor. The full finished walk-up attic, currently being used as a bedroom, could also be a great office or playroom. The 2nd bedroom and walk up attic space have brand new carpet just installed! Other recent updates include conversion from Oil to Gas Dec '19, New Gas Hot Water Heater ('19), Dishwasher (5 yrs), Refrigerator (5yrs), newer bathroom floor tile, updated replacement windows ('07) & Shed ('17). Let your imagination run wild with ideas of how to finish the full unfinished basement. The covered front porch is a great place to start your day with a cup of coffee or unwind at the end of the day with a good book and a glass of wine. This property is located near all major highways, bridges, shopping & lots of restaurants. Make your appointment today before someone else calls it HOME!
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About Burlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017