18 Bay Avenue
About This Property
Welcome to this charming ranch-style home nestled in the peaceful neighborhood of North Middletown, New Jersey.This 2-bedroom, 1-bathroom ranch-style home presents a wonderful opportunity for comfortable living in a peaceful neighborhood setting. Its classic charm, functional layout, and convenient location make it a place to call home.
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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 |
|---|---|---|---|
| Oct 14, 2025 | Sold | ||
| Sold | |||
| Sep 10, 2025 | In contract | - | |
| In contract | |||
| Aug 30, 2025 | Listed by EXP Realty | $400,000 | |
| Listed by EXP Realty | |||
| | |||
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Welcome to your turn key seashore retreat! This fully updated 2 bedroom, 1 bathroom ranch is the perfect blend of comfort, style & sophisticated coastal charm.
The sun-drenched living area boasts fresh luxury vinyl plank floors, modern finishes & cozy atmosphere. The kitchen is a chef's delight w/new appliances, sleek quartz counters, subway tile backsplash & ample storage space.
Both bedrooms are full of natural light, creating the perfect place for rest & relaxation. The updated bathroom is thoughtfully designed w/stylish modern fixtures. Outside, enjoy the fully fenced large yard-perfect for outdoor living- with deck and 1 car detached garage. The home's prime location offers the tranquility of a neighborhood & the convenience of being close to shops, restaurants, NYC transportation
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| Oct 13, 2023 | Sold | ||
| Sold | |||
| Aug 18, 2023 | Listed by EXP Realty | $320,000 | |
| Listed by EXP Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017