11 Conover Street
About This Property
within walking distance to downtown Freehold. This home has a great ''large'' private yard with
patio space that is ideal for entertaining. There is a full bathroom on the first floor and a half bath on the second floor. This home is priced below market, giving you the opportunity to renovate and upgrade the home to meet your personal taste. The home is being sold as is, and needs your personal tender loving care to make it a great home again. This home can also be an attractive opportunity for an investor who would like to grow their rental portfolio. As an option, the neighboring home (13 Conover St.) is also for sale by the same owner. Consider making an offer for both and own two properties in the heart of Freehold Borough. If you're an investor or a builder, you will be excited to learn that the current owner of this home (and the neighboring home), has been renting them for more than 20 years and has received approvals from the Freehold Borough planning board to build two new 2,000 sq/ft three-bedroom homes on this property. Approvals are in hand and are transferable to the new owner. This is a wonderful opportunity for either a first-time homebuyer, or an investor, to purchase this property at below market rate. Don't delay. Call now to make this home your own.
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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 |
|---|---|---|---|
| Apr 6, 2026 | Sold | ||
| Sold | |||
| Mar 13, 2026 | In contract | - | |
| In contract | |||
| Feb 2, 2026 | Listed by NJ Real Estate Boutique | $375,000 | |
| Listed by NJ Real Estate Boutique | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017