18 SPRUCE DRIVE
About This Property
Step into the spacious open floor plan, featuring a cozy wood-burning stove in the living room. Relax on the charming covered porch or enjoy the custom slate patios in both the front and back yards. With a one-car garage, plenty of closet space, and single-level living with no steps, this home offers convenience and comfort for all.
Located close to restaurants, marinas, public transportation, and regional shopping, and just a short drive to Long Beach Island, Atlantic City, Philadelphia, or New York, this home is the perfect blend of comfort and accessibility.
Don't miss this wonderful opportunity!
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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 |
|---|---|---|---|
| Jan 22, 2026 | Sold | ||
| Sold | |||
| Dec 8, 2025 | In contract | - | |
| In contract | |||
| Dec 4, 2025 | Listed by Keller Williams Realty - Atlantic Shore | $350,000 | |
| Listed by Keller Williams Realty - Atlantic Shore | |||
Property Highlights
Building Info
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Price/ft²
Listed On
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About Ocean
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017