142 Otis Avenue
About This Property
Featuring hardwood floors, recessed lighting, and a warm, inviting layout, the main level offers a cozy den, a spacious living room with an electric fireplace, a designated dining room, and an updated eat-in kitchen with stainless steel appliances, granite countertops, tile backsplash, and a convenient half bath.
Upstairs, the second floor includes two spacious bedrooms and a large full bathroom with a classic clawfoot soaking tub. The third floor offers a private retreat with vaulted ceilings, a walk-in closet, and a full bathroom with a shower, perfect as a primary suite, guest space, or home office. Step outside to a beautifully landscaped backyard oasis featuri a plunge pool, fire pit, multiple seating areas, and a covered space for additional entertaining, all surrounded by mature plantings.
Additional highlights include a full basement with interior and Bilco door access, ample storage, a brand-new furnace, two-zone heat and air conditioning, and solar panels for significantly reduced electric costs. A driveway provides off-street parking.
Conveniently located just minutes from schools, shopping, marinas, and the beach, with easy access to the Garden State Parkway and public transportation, this home offers the perfect blend of charm, convenience, and coastal living.
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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 |
|---|---|---|---|
| Aug 5, 2026 | Sold | ||
| Sold | |||
| Jul 8, 2026 | In contract | - | |
| In contract | |||
| May 20, 2026 | Listed by Redfin Corporation | $450,000 | |
| Listed by Redfin Corporation | |||
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About Tuckerton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017