38 LENAPE TRAIL
About This Property
Step inside to find a bright and inviting living area, flowing seamlessly into a tastefully remodeled kitchen complete with modern appliances, sleek countertops, and ample cabinet space. Three bedrooms offer comfort and flexibility, while the updated full bath and convenient half bath add functionality.
Downstairs, the finished basement with laundry room provides a perfect bonus space-ideal for a home office, recreation room, or cozy movie nights. Enjoy morning coffee or evening relaxation in the screened-in porch overlooking the private backyard-an ideal spot for entertaining or unwinding. Additional features include a 1-car attached garage, and fully fenced backyard. A garage + a basement are rare finds for Medford Lakes so don't miss your chance to see this home before it's too late!
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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 |
|---|---|---|---|
| Dec 12, 2025 | Sold | ||
| Sold | |||
| Oct 27, 2025 | In contract | - | |
| In contract | |||
| Oct 17, 2025 | Listed by Keller Williams Realty - Marlton | $449,900 | |
| Listed by Keller Williams Realty - Marlton | |||
| May 10, 2019 | Sold | ||
| Sold | |||
| Mar 26, 2019 | Listed by USRealty.com LLP | $195,000 | |
| Listed by USRealty.com LLP | |||
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Spacious Rancher located on a large corner lot. Full high basement and one car attached garage.Wood burning stove in living room. Hardwood floors throughout. Eat in kitchen and dining room with sliders leading to screened porch. Updating and repairs are needed throughout and reflected in the asking price. Similar homes are priced in the high 200's. This is a great buy for someone who is handy.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017