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15 WEST AVENUE
About This Property
The main level features inviting living spaces designed for both comfort and entertaining, highlighted by a newer kitchen with cooktop, a spacious dining room, and a welcoming family room with a propane fireplace. These areas flow seamlessly, creating a warm and functional layout.
Upstairs, the main residence offers three bedrooms, including a primary suite with a private en-suite bath. The additional bedroom and bath accommodations are thoughtfully arranged to support everyday living while maintaining the home's historic character. A large walk-up attic provides excellent storage and future expansion potential.
The in-law suite/apartment provides a private and flexible living option, ideal for multigenerational living. Extensive updates throughout the home include the in-law suite addition, updated kitchens and bathrooms, newer roof, three-zone HVAC, new windows, updated siding, making this property truly turn-key.
Outdoor living is enhanced by a large patio, perfect for gatherings, and a large shed with electric, ideal for storage or workshop space. Offered furnished, this home is ready for immediate enjoyment as a primary residence, second home, or investment opportunity.
With its in-town Ocean View location, large lot size, historic charm, and modern updates, 15 West Avenue is a rare opportunity just minutes from Bethany Beach, shopping, dining, and coastal amenities.
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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 |
|---|---|---|---|
| Jun 12, 2026 | Sold | ||
| Sold | |||
| May 26, 2026 | In contract | - | |
| In contract | |||
| Mar 13, 2026 | Price Decreased |
$649,900
↓ $33K
(4.9%) | |
| Price Decreased | |||
| Feb 4, 2026 | Price Decreased |
$683,000
↓ $41K
(5.7%) | |
| Price Decreased | |||
| Dec 16, 2025 | Listed by Long & Foster Real Estate, Inc. | $724,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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About Ocean View
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017