178 MILL STREET
About This Property
The home is in good condition but ready for updates, making it an excellent investment or owner-occupant opportunity. Original charm is found throughout, with hardwood floors beneath the carpet just waiting to be uncovered and restored. The home offers a solid layout and strong bones, providing a great starting point for modern upgrades while preserving its character.
Recent improvements in the past 4 years add peace of mind and real value, including a newer roof, a newer Trex front porch deck, newer heater and AC, and 4 newer windows. A French drain and sump pump system are already in place, helping manage water and protect the home. The detached two-car garage offers flexibility for parking, storage, or workspace.
An unfinished attic presents exciting potential for additional living space, whether you envision a bonus room, office, or private retreat. With thoughtful updates, this home can be transformed into a truly special property.
Ideal for investors or buyers looking to customize and build equity, this is a rare chance to create something exceptional to call home!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 25, 2026 | Sold | ||
| Sold | |||
| Feb 24, 2026 | In contract | - | |
| In contract | |||
| Feb 10, 2026 | Price Decreased |
$210,000
↓ $15K
(6.7%) | |
| Price Decreased | |||
| Jan 12, 2026 | Listed by BHHS Fox & Roach - Robbinsville | $225,000 | |
| Listed by BHHS Fox & Roach - Robbinsville | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017