308 5TH AVENUE
About This Property
Enjoy the flexibility of a full basement, perfect for storage, a home gym, or future finishing. A dedicated laundry room opens directly to a large, fenced-in backyard-ideal for pets, play, or outdoor gatherings.
Centrally located with easy access to the Black Horse Pike, I-295, the NJ Turnpike, and just minutes from Philadelphia, this home offers the perfect blend of comfort, convenience, and commuter-friendly living.
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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%.
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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 8, 2025 | Sold | ||
| Sold | |||
| Jul 8, 2025 | In contract | - | |
| In contract | |||
| Jun 28, 2025 | Listed by RE/MAX at Barnegat Bay - Manahawkin | $340,000 | |
| Listed by RE/MAX at Barnegat Bay - Manahawkin | |||
| Mar 31, 2023 | Sold | ||
| Sold | |||
| Nov 6, 2022 | Listed by Prime Realty Partners | $319,500 | |
| Listed by Prime Realty Partners | |||
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SELLER IS OFFERING A 5k Credit towards Buyers Closing Cost or a credit to assist buying down their interest rate. Property is also eligible for the NJHMFA $10,000 Grant. Welcome Home!! Gorgeously remodeled home is completely turnkey and ready for lovely new owners. Walk in the front door, coat closet on the right and a living room on your right. Right in front of you is a fully remodeled eat-in kitchen with white shaker cabinets and granite countertops, and stainless-steel appliances. Off the kitchen is a large laundry room that hosts the walkout to the large backyard and the basement staircase. The laundry room is large enough for laundry machines and a large folding table, and shelving. The basement is large and can be finished. Also off the kitchen, are 2 bedrooms and a beautifully remodeled full bathroom. Upstairs is a large primary bedroom with on-suite bathroom. The bathroom has been completed remodeled. Large closet complete with bonus storage in the suite. The entire house has been freshly painted and has new floors in all living spaces. Tile in the bathrooms, and carpet in the bedrooms.. Large fenced in yard. Beautiful renovation. Clos proximity to major highways including the Black Horse Pike, 295 and the NJ TurnPike, and close to Philadelphia. Come visit us at the Open Houses.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017