316 FRANKLIN ROAD
About This Property
The main floor has a kitchen and 3 bedrooms along with a full bath. The upstairs is a large loft that serves as a bedroom, with 2 closets. The basement has 2 bedrooms and a full bathroom/laundry. The property offers a large driveway with parking for 6+ vehicles. One Car Detached Garage. Property TAXES UNDER 6k for a 6 bedroom!!! Roof was replaced in 2017-2018. HVAC was replaced 2017-2018. Water heater replaced 2022
Currently rented until the end of July at $2850., but they would leave the end of June if new buyer would prefer. With a few upgrades this properties potential rent could go to $3600+. This home is in desirable Chestnut Ridge section & very close to Rowan University. Bring all offers. Motivated Seller. Being Sold "As-Is"
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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 |
|---|---|---|---|
| Jul 31, 2025 | Sold | ||
| Sold | |||
| Jun 29, 2025 | In contract | - | |
| In contract | |||
| Jun 18, 2025 | Price Decreased |
$309,900
↓ $10K
(3.1%) | |
| Price Decreased | |||
| Jun 1, 2025 | Price Decreased |
$319,900
↓ $15K
(4.5%) | |
| Price Decreased | |||
| May 24, 2025 | Price Decreased |
$335,000
↓ $15K
(4.3%) | |
| Price Decreased | |||
Property Highlights
Building Info
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Status
Price/ft²
Listed On
Sold On
About Glassboro
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$3,750 /mo
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- 1,824 ft²
$3,500 /mo
- 5 Beds
- 3 Baths
- 2,550 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017