10 Third Street
About This Property
The flexible floor plan offers a formal dining room with sliding glass doors leading to the backyard, a sprawling living room centered around a cozy wood-burning fireplace, and hardwood flooring throughout the living areas and bedrooms. The recently renovated bathroom features a marble vanity and a modern touch-light mirror.
Step outside to a huge paver patio that's perfect for entertaining, overlooking a, large backyard complete with a storage shed and playset (included). The gazebo is negotiable. A four-car driveway provides plenty of off-street parking, and best of all, the home is not located in a flood zone.
The full basement offers endless storage or future finishing potential and features Bilco doors to the backyard, a French drain system, and two sump pumps for added peace of mind. A fixed staircase provides easy access to a spacious attic with even more storage.
Many of the major updates have already been completed, including the roof, siding, windows, and front porch. Additional features include central air, hot water baseboard/radiator heat, a whole-house fan, a Carrier boiler, washer and dryer, and four wall-mounted TVs that will remain with the home.
Conveniently located near Matawan Regional High School, with easy access to Routes 34, 35, and 36, the Garden State Parkway, and just 0.6 miles from the NJ Transit train station-commuting to NYC or heading to the Jersey Shore is a breeze. This home offers the perfect combination of comfort, updates, and convenience--just unpack and enjoy!
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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 |
|---|---|---|---|
| Jul 27, 2026 | Sold | ||
| Sold | |||
| Jun 16, 2026 | In contract | - | |
| In contract | |||
| Jun 10, 2026 | Listed by C21/ Charles Smith Agency | $550,000 | |
| Listed by C21/ Charles Smith Agency | |||
| Jun 13, 2014 | Sold | ||
| Sold | |||
| Dec 17, 2013 | Listed by Gloria Nilson & Co. Real Estate | $239,900 | |
| Listed by Gloria Nilson & Co. Real Estate | |||
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Looking to close quick? Seller is motivated. Ranch on an oversize corner, features 3bedrooms, diningroom, eat-in kitchen, full basement,fireplace, 5yr old roof, hardwood floors newer windows and fenced in yard. Walk to train,shopping and schools.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017