1610 Melville St #143, Bronx, NY, 10460
About This Home
Exceptional 3-family investment opportunity in the highly desirable Morris Park section of the Bronx, ideally located near the 2 and 5 subway lines and multiple bus routes for easy commuting. This well-maintained property is in good condition and equipped with security cameras, offering both comfort and peace of mind. The property features strong in-place income and low operating expenses, including a 1-bedroom unit generating $2,484/month, a 2-bedroom/2-bath unit at $2,762/month, and a spacious 3-bedroom/2-bath owner's unit with projected rental income of $3,200-$3,500/month. All tenants pay their own utilities, including gas, electric, and heat, significantly reducing landlord expenses and maximizing net operating income. With over $100,000 in gross annual income, this property is ideal for investors seeking solid cash flow or owner-occupants looking to offset their mortgage with substantial rental income. Located in the heart of Morris Park, this property is surrounded by shopping, restaurants, schools, and essential amenities, with strong rental demand and long-term appreciation potential. The top-floor unit offers additional upside, making this a versatile opportunity for both immediate returns and future growth. A rare chance to acquire a high-performing multi-family in one of the Bronx's most sought-after neighborhoods.
Getting Around
Walker's Paradise
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 2003
Materials
- Roof: Asphalt
- Construction materials: Masonry - Brick,Brick Siding
Type & Style
- Home type: MultiFamily
- Architectural style: A-Frame
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Refrigerator,Oven
Basement
- Area: 0
Basement
- Has basement: Yes
- Basement: Walk-Out Access
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
Features
- Flooring: Hardwood
- Finished area above ground: 3
Heating & Cooling
- Heating features: Gas,Baseboard
- Cooling features: Wall/Window Unit(s)
Interior Area
- Total structure area: 3
- Total interior livable area: 2,529 sqft
Kitchen
- Features: Open
Property
Details
- Lease amount: 0
- Special condition: Estate
Features
- Stories: 3
- Patio & porch: Patio
- Has view: Yes
- View description: Street
Lot
- Lot size: 2,060 Acres
- Features: Near Bus,Near Train
Parking
- Total spaces: 1
- Parking features: Built In (Basement)
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Cold Wave
- Inland Flooding
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Bronx County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,320 | $75,840 |
| Home Insurance * | $471 | $5,652 |
| Property Taxes | $812 | $9,744 |
| Electricity | $417 | $5,015 |
| Total | $8,020 | $96,240 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-26 | Listed for sale | $1,399,000 |
View on Zillow