47
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321 3RD STREET
About This Property
Inside, you'll find fresh paint, new flooring, and brand-new stainless steel appliances, giving the home a clean, updated feel from the moment you walk through the door. The open living and dining spaces flow easily into the kitchen, creating a comfortable layout that feels bright, welcoming, and easy to live in.
The sought-after main-level primary suite features a large walk-in closet and private bath, while upstairs offers two additional bedrooms with walk-in closets connected by a Jack-and-Jill bathroom.
Out back, the oversized deck with built-in bench seating is ready for cookouts, quiet mornings, or evenings spent with friends. The partially fenced yard and charming cottage-style shed add even more functionality and outdoor space.
And the location? Exactly why people love Colonial Beach. Hop on your golf cart and head to the beaches, boardwalk, coffee shops, restaurants, boutiques, and waterfront events just minutes away.
With major cosmetic updates already done, this home is ideal for anyone looking for a low-stress move into homeownership, a weekend getaway, or an easy-to-maintain second home near the river.
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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 |
|---|---|---|---|
| Nov 2, 2026 | Price Decreased |
$329,999
↓ $15K
(4.4%) | |
| Price Decreased | |||
| May 11, 2026 | Listed by Coldwell Banker Elite | $345,000 | |
| Listed by Coldwell Banker Elite | |||
| Apr 29, 2025 | Price Decreased |
$335,000
↓ $10K
(2.9%) | |
| Price Decreased | |||
| Nov 11, 2024 | Relisted | $345,000 | |
| Relisted | |||
| Nov 1, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017