Two-Family Duplex with Private
For Sale
$749,900
Pending
1723 Melville Street, Bronx, NY 10460
MULTI_FAMILY - Bronx, NY
Property Size2,100 SF
Lot Size0.06 Acres
Days on Market101
Property Features for 1723 Melville Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
8
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 7, Bathroom 2, Bedroom 4, Bedroom 5, Bedroom 8, Basement, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 6
Parking features
On Street
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Walk-In Closet(s)
Basement
Partially Finished
Elementary school district
Contact Agent
Standard status
Pending
APN
04019-0022
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5999
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Oil
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1910
Number of units
2
Building materials
Frame
Listing Agency:
Exit Realty Group
(718) 319-8500
Listed By:
Paul Magyar · License #10401271927
(914) 843-8266
Added: Apr 26
Changed: Aug 3
Last Checked: Aug 4 at 8:06AM
MLS# 991502
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Detached two-family duplex on a small lot with classic character, built in 1910. The main floor offers 4 bedrooms and 1 full bathroom, with a layout that can flex between living/dining, bedrooms, a home office, or guest space. The top floor also features 4 bedrooms and 1 full bathroom, plus a living/dining area and a bonus room that can serve as a nursery, office, walk-in closet, or extra storage. A large, semi-finished basement provides additional space for recreation, storage, and laundry, with customization options.
The home includes a private backyard for outdoor entertaining and everyday use. Heating is provided by oil, and cooling is via wall/window units. Public water and public sewer service are in place, with cable available. Parking is available on-street.
Conveniently located near neighborhood shops, schools, restaurants, parks, and places of worship, with easy transportation access including the IRT White Plains Road Line (2 and 5 trains), local bus routes, and quick access to the Bronx River Parkway and Cross Bronx Expressway.
The home includes a private backyard for outdoor entertaining and everyday use. Heating is provided by oil, and cooling is via wall/window units. Public water and public sewer service are in place, with cable available. Parking is available on-street.
Conveniently located near neighborhood shops, schools, restaurants, parks, and places of worship, with easy transportation access including the IRT White Plains Road Line (2 and 5 trains), local bus routes, and quick access to the Bronx River Parkway and Cross Bronx Expressway.
Key Highlights
- Four bedrooms per floor plus 2 full bathrooms in a detached two‑family duplex
- Semi‑finished basement with recreation, storage, and laundry area potential
- Private backyard for outdoor entertaining and everyday use
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.6k | $38.40 |
| − Vacancy | −$4.4k | −$2.11 |
| EGI | $76.2k | $36.29 |
| − OpEx | −$22.9k | −$10.89 |
| NOI | $53.3k | $25.40 |
2,100 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$762.0K
$666.8K – $889.1K
NOI $53,343 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$690.1K
$603.9K – $805.1K
NOI $48,308 @ 7.0% cap · market cap 6.44%
Theoretical Best
Warehouse
$1.46M
$1.27M – $1.70M
NOI $101,861 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,704
Businesses Nearby
Explore this area
Business Placement
Demographics for 10460, NY
62,625
Population
24,085
Households
2.6
Avg Household Size
34
Median Age
15%
College-Educated
71%
High-School Grad
1.5 sq mi
ZIP Area
41,750
Density / Sq Mi
$36,067
Median Household Income
$31,283
Median Earnings
$1,332
Median Rent
$589,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Detached two-family duplex with four bedrooms per floor, semi-finished basement, and a private backyard, built in 1910.
Where is this duplex located?
The property is located at 1723 Melville Street Bronx, NY.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Four bedrooms per floor plus 2 full bathrooms in a detached two‑family duplex; Semi‑finished basement with recreation, storage, and laundry area potential; Private backyard for outdoor entertaining and everyday use
