18526 COOL SPRING ROAD
About This Property
Designed with flexibility in mind, this spacious home features two primary suites on the main level, each with private baths and direct access to the expansive multi-level deck. Whether accommodating guests, multigenerational living, or creating income-producing opportunities, the layout provides endless possibilities. The main suite showcases a beautifully tiled walk-in shower and generous closet space, while the second suite offers privacy on the opposite side of the home.
Inside, you'll find newly refinished hardwood floors, a warm and inviting living room centered around a cozy wood stove, and a bright kitchen featuring a propane range, pantry, new refrigerator, and new dishwasher. A large laundry and mudroom connects to a separate bonus space with its own private entrance-ideal for a home office, studio, workshop, in-law suite, or future Airbnb conversion.
Upstairs, a loft area leads to two additional bedrooms and a full bath, providing plenty of room for family and guests.
Outdoor living truly shines here. Relax on the two-tier deck overlooking the fenced backyard and protected woodlands beyond, cool off in the recently installed above-ground pool, or enjoy evenings surrounded by nature and privacy. The property also includes a climate-controlled workshop with electric, multiple storage buildings, an outdoor shower, playground, and ample parking.
Recent updates include a new water heater, refinished hardwood flooring, updated appliances, and a pool with warranty. With low Delaware property taxes, no HOA, abundant storage, and the rare advantage of backing directly to Hudson Park's protected green space, this property offers a lifestyle that's increasingly hard to find-peaceful, private, and just minutes from the Delaware coast.
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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 |
|---|---|---|---|
| Aug 7, 2026 | Sold | ||
| Sold | |||
| Jun 10, 2026 | In contract | - | |
| In contract | |||
| Apr 21, 2026 | Price Decreased |
$450,000
↓ $15K
(3.2%) | |
| Price Decreased | |||
| Apr 7, 2026 | Price Decreased |
$465,000
↓ $15K
(3%) | |
| Price Decreased | |||
| Feb 24, 2026 | Price Decreased |
$479,500
↓ $20K
(4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017