159 Washington Avenue
About This Property
Major systems have been addressed: furnace, central air, and roof are all under 10 years old, giving buyers a move-in ready home with the big-ticket items already handled. Just 0.5 miles from Broad Street's restaurants, coffee shops, and parks, and just over a mile from the Aberdeen-Matawan NJ Transit station with direct service to New York Penn Station. The Garden State Parkway is minutes away. 159 Washington Avenue is a well-maintained, move-in ready home for buyers ready to settle in and start living.
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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 24, 2026 | Sold | ||
| Sold | |||
| Jul 28, 2026 | In contract | - | |
| In contract | |||
| Jul 3, 2026 | Listed by Heritage House Sotheby's International Realty | $650,000 | |
| Listed by Heritage House Sotheby's International Realty | |||
| May 17, 2022 | Sold | ||
| Sold | |||
| Mar 26, 2022 | Listed by Coldwell Banker Realty | $499,900 | |
| Listed by Coldwell Banker Realty | |||
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I am so excited & proud to present this Matawan stunner! Truly shows like a model home w/ nothing to do but move in! Great curb appeal includes charming front porch.Inside,gorgeous woodwork throughout w/coffered ceiling in LR, all base & crown are statement mouldings.Kitchen w/custom cabinetry,granite ctps,cement farm sink,high end appliances w/Samsung Family Hub frig! Enter FR through barn style doors.FR w/FP & cathedral ceiling.2 1/2 baths exquisitely remodeled. New railings lead upstairs to owners suite w/walk in closet&full bath.Two additional bdrms.Furnace,central air, HWH have been updated.Enchanting backyard with paver patio and pergola.Washington Road is very close to Lake Lefferts,NYC train & bus,schools,shopping
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017