Colonial Duplex with Finished
For Sale
$799,999
Pending
502 Melba Street, Staten Island, NY 10314
Residential, Staten Island, NY
Property Size1,154 SF
Lot Size0.06 Acres
Days on Market162
Property Features for 502 Melba Street
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Zoning
R3-1
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2
Parking features
Off Street
Patio and Porch features
Deck
Basement
Full, Finished
Appliances
Dishwasher
Lot features
Back Yard
Subdivision
Manor Heights
Standard status
Pending
APN
0801-0029
Size
1,154 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
7806
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
2019
Floors in Building
2
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
Homes R Us Realty of NY, Inc.
Listed By:
Huan Kuei Lo
(718) 668-2550
Added: May 19
Changed: Oct 25
Last Checked: Oct 27 at 6:06PM
MLS# 2602752
Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 502 Melba Street in Staten Island, this Colonial duplex was built in 2019 and offers 1,154 square feet on a 0.0574-acre lot. The residence includes three bedrooms, a fully finished basement, 9-foot ceilings, vinyl siding, central air, and natural-gas forced-air heating. A dishwasher, off-street parking, deck, and paved backyard add to the property’s physical features.
The property is served by public sewer and is positioned near major highways, shopping, dining, and transportation. Its R3-1 zoning and residential configuration provide a defined framework for evaluating the asset.
The property is served by public sewer and is positioned near major highways, shopping, dining, and transportation. Its R3-1 zoning and residential configuration provide a defined framework for evaluating the asset.
Key Highlights
- 1,154‑square‑foot duplex on a 0.0574‑acre lot
- Three bedrooms with a fully finished basement
- Built in 2019 with Colonial architectural style
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,475
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,500
$629.5K
Cap Rate 7%
$449,643
$449.6K
Cap Rate 9%
$349,722
$349.7K
Market Conditions
NOI Build-Up for 1,154 SF
Gross rent
$47.1K $40.80/SF
− Vacancy
−$2.1K −$1.84/SF
EGI
$45.0K $38.96/SF
− OpEx
−$13.5K −$11.69/SF
NOI
$31.5K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,500
Cap Rate 7%
$449,643
Cap Rate 9%
$349,722
Alternative Uses
Best Use
Multifamily LT 5
$449.6K
$393.4K – $524.6K
NOI $31,475 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$416.9K
$364.8K – $486.4K
NOI $29,186 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$550.6K
$481.8K – $642.4K
NOI $38,544 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - R3-1-zoned property with central air, forced-air heating, and a paved backyard with deck.
Where is this duplex located?
The property is located at 502 Melba Street Staten Island, NY.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: 1,154‑square‑foot duplex on a 0.0574‑acre lot; Three bedrooms with a fully finished basement; Built in 2019 with Colonial architectural style
