115 W 1ST AVENUE
About This Property
Welcome to this rare 1920's bungalow-style home brimming with timeless character and endless potential. Situated on a double-fenced lot with a spacious 5-car driveway, this unique property offers privacy, charm, and the opportunity to restore and enhance a truly special residence.
Step through the enclosed front porch-surrounded by windows on all sides-and into a warm and inviting living and dining room combination with original architectural details and abundant natural light. The heart of this home is the vintage retro kitchen, featuring wrap-around booth seating with a freestanding table, a vintage porcelain sink with built-in storage, and pristine metal 1950s-style cabinetry-all immaculately maintained and a rare find for lovers of mid-century design.
The home features two bedrooms with high ceilings, original hardwood doors, and charming radiator heat with custom covers. Throughout the home, original hardwood floors lie beneath the carpeting, waiting to be uncovered and restored to their former glory.
The beautifully preserved 1950s bathroom is a true showstopper, boasting green tile with yellow trim, an original yellow sink, a tub/shower combo, and stunning built-in wood cabinetry for ample storage.
Upstairs, a full walk-up attic with permanent staircase offers exciting expansion potential-ideal for a future primary suite, home office, or creative studio. The immaculate basement includes a washer/dryer and extensive storage, showcasing the home's excellent care and upkeep.
This is a rare opportunity for an investor or a buyer with vision. With great bones, nostalgic charm, and updates already thoughtfully preserved, this home is ready for the next chapter. Don't miss your chance to own a piece of mid-century history with room to grow. Being sold as is, where is.
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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 |
|---|---|---|---|
| Dec 29, 2025 | Sold | ||
| Sold | |||
| Nov 3, 2025 | In contract | - | |
| In contract | |||
| Oct 14, 2025 | Listed by RE/MAX Preferred - Mullica Hill | $225,000 | |
| Listed by RE/MAX Preferred - Mullica Hill | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017