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1232 OLEANDER WAY
About This Property
Living in Two Rivers is about much more than the home-it's a lifestyle. Residents of the 55+ community enjoy the private **15,000-square-foot Village Club** with heated indoor and resort-style outdoor pools, a state-of-the-art fitness center, yoga studio, ballroom and dance floor, demonstration kitchen, cyber cafe, game and gathering spaces, outdoor patios and fire pit. The community also features tennis and pickleball courts, Cattail Lake, scenic ponds, a private dog park, community gardens and more than seven miles of walking and biking trails with connections to the WB&A Trail system. An active calendar of clubs, classes, activities and social events makes it easy to stay active, engaged and connected. Nearly new, move-in ready, backing to trees and available without the wait for new construction-1232 Oleander Way could be the perfect place to celebrate the holidays and begin your next chapter at Two Rivers.
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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%.
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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 |
|---|---|---|---|
| Sep 7, 2026 | Price Decreased |
$975,000
↓ $15K
(1.5%) | |
| Price Decreased | |||
| Aug 22, 2026 | Listed by CENTURY 21 New Millennium | $990,000 | |
| Listed by CENTURY 21 New Millennium | |||
| Jan 20, 2025 | Sold | ||
| Sold | |||
| May 31, 2024 | In contract | - | |
| In contract | |||
| Apr 12, 2024 | Price Increased |
$899,990
↑ $15K
(1.7%) | |
| Price Increased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017