218 Washington Avenue
About This Property
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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 |
|---|---|---|---|
| Jun 30, 2025 | Sold | ||
| Sold | |||
| Jun 2, 2025 | In contract | - | |
| In contract | |||
| May 14, 2025 | Listed by EXIT Realty East Coast Shirvanian | $569,000 | |
| Listed by EXIT Realty East Coast Shirvanian | |||
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Charming Cape with Storybook Curb Appeal! Welcome to this delightful 4-bedroom, 1-bath expanded cape nestled behind a classic white picket fence on a picturesque street in Matawan. Brimming with charm and natural light, this home features two bedrooms on the main level and two upstairs—ideal for flexible use as guest rooms, a home office, or creative studio space. The spacious living room opens to a beautifully landscaped backyard through sliding glass doors, offering an inviting space for outdoor gatherings or quiet relaxation. And just a short stroll away, enjoy all the beauty and recreation of scenic Lake Lefferts Lakefront Park. Offering the perfect blend of comfort and convenience, this home is close to Routes 34 & 35, the GSP, and NJT. This is the one you've been waiting for!!
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| Jan 25, 2021 | Sold | ||
| Sold | |||
| Sep 14, 2020 | Listed by EXP Realty | $379,000 | |
| Listed by EXP Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017