71 Sheffield Road
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 |
|---|---|---|---|
| Aug 14, 2025 | Sold | ||
| Sold | |||
| Jun 18, 2025 | In contract | - | |
| In contract | |||
| Jun 10, 2025 | Listed | $1,149,000 | |
| Listed | |||
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Impeccably renovated brick Cape in Melrose’s most sought-after neighborhood, just steps from Bellevue Golf & Country Club. This 3-bedroom, 1.5-bath home blends timeless charm with modern sophistication. A custom chef’s kitchen anchors the home, showcasing Bosch stainless appliances, double wall ovens, a Thermador gas cooktop, quartz countertops, and designer tile backsplash. Every detail has been thoughtfully upgraded — including new spa-inspired bathrooms, a gas fireplace, 200AMP electrical, new roof, Harvey windows, Anderson slider, central heat & AC, and more. The professionally landscaped exterior features a new driveway, granite steps, paver patio, lush lawn with irrigation, and a premium Reeds Ferry shed. Ideally located on a quiet, tree-lined street near Winthrop Elementary, playgrounds, and vibrant downtown Melrose. Just minutes to Route 1, I-93, and three commuter rail stations for effortless access to Boston. A rare turnkey offering in an unbeatable location.
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| Mar 1, 2019 | Sold | ||
| Sold | |||
| Sep 19, 2018 | Listed by Brad Hutchinson Real Estate | $699,900 | |
| Listed by Brad Hutchinson Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017