6 Melrose Avenue
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 |
|---|---|---|---|
| Jun 28, 2018 | Sold | ||
| Sold | |||
| Apr 25, 2018 | Listed by Gibson Sotheby's International Realty | $799,000 | |
| Listed by Gibson Sotheby's International Realty | |||
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Move-in ready Ranch style home with open-concept living room, dining room and kitchen. Enjoy living on a peaceful side street in a great neighborhood setting. The current owners have made many valuable upgrades during their ownership including: conversion to a high-efficiency gas heating system, gas hot water heater, kitchen cabinets, granite counters with peninsula, stainless steel appliances, exterior siding, roof and much more! Enjoy the outdoors surrounded by Great Meadows, Arlington reservoir and Rindge Park. Easy access to shopping, restaurants, Trader Joe’s, bike path, public transportation, and Route 2. Be moved in before summer and start enjoying all the wonderful amenities that are offered in historic Lexington.
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| Apr 25, 2005 | Sold | ||
| Sold | |||
| Jan 18, 2005 | Listed by Conway - Medfield | $539,900 | |
| Listed by Conway - Medfield | |||
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Stunning 3 bedroom abode with unbelievable floor plan, gleaming hardwood floors throughout, working fireplace, extraordinary neighborhood, tranquil backyard, and finished basement with bar.
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| Jun 24, 1996 | Sold | ||
| Sold | |||
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Address: 335 Madison Avenue, New York, NY 10017