28
Map
1129 Martha Lee Avenue
About This Property
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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 |
|---|---|---|---|
| Oct 30, 2025 | Sold | ||
| Sold | |||
| Sep 26, 2025 | In contract | - | |
| In contract | |||
| Aug 10, 2025 | Price Decreased |
$260,000
↓ $15K
(5.5%) | |
| Price Decreased | |||
| Jul 18, 2025 | Listed by Keller Williams Realty Brevard | $275,000 | |
| Listed by Keller Williams Realty Brevard | |||
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Charming Rockledge Home with Modern Updates and Florida Lifestyle Appeal
This charming 3-bedroom, 1-bathroom single-family residence is move-in ready and brimming with thoughtful upgrades. Major improvements include a 2016 roof, 2025 electrical panel, 2021 HVAC system, and a 2023 water heater, ensuring peace of mind for years to come.
Built with durable concrete block construction and freshly painted for instant curb appeal, the home welcomes you inside to 1,063 sq. ft. of well-lit living space enhanced by all new LED lighting. The interior has been refreshed with warm neutral colors, cordless blinds, updated door hardware, and ceiling fans in every room. Durable tile flooring runs throughout, making for easy care and a cohesive flow.
The heart of the home—the kitchen—has been fully renovated with white shaker cabinets, granite countertops, stainless steel Whirlpool appliances, recessed lighting, and a stylish modern design. The updated bathroom features a step-in shower with dual shower heads, granite countertop vanity, and chic fixtures.
Step outside to enjoy the Florida sunshine from your screened rear porch, overlooking a spacious backyard with a brand-new wooden fence that provides both privacy and charm.
With no HOA, you'll enjoy flexibility and freedom. The home is zoned for A-rated schools and is ideally located minutes from pristine beaches, Patrick Space Force Base, top-tier healthcare and VA clinic, award-winning restaurants, shopping, entertainment, and easy access to major highways.
1129 Martha Lee Avenue offers a rare opportunity to enjoy the best of Florida living in a home that's been carefully updated for today's buyer. Don't miss your chance to make this Rockledge gem yours and start creating lasting memories!
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| Jun 3, 2024 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017