4 ELM DRIVE
About This Property
This beautifully updated 5-bedroom, 3-FULL bath home is located in the desirable Hamilton Gardens neighborhood - just minutes from beaches, parks, shopping, and major routes - with over 2,500 square feet of finished living space and thoughtful updates throughout every level.
The main floor has been freshly painted and features brand-new flooring, a spacious front living room, and a seamless layout that flows into the kitchen and a sunken family room with a newly rebuilt wood-burning fireplace (2024). The main floor offers two bedrooms and a full, renovated bathroom (2023), including an oversized room that was once two separate bedrooms combined into one.
Upstairs, you'll find three more generously sized bedrooms, another full bathroom, and a walk-in laundry closet with washer and dryer. LED recessed lighting and new flooring create a bright, fresh feel throughout. The home also features a 2-zone central AC and heating system for optimal year-round comfort.
Downstairs, the fully finished basement offers incredible value - complete with a second full kitchen, a full bathroom, a second laundry area, brand-new drywall and flooring, and a cozy wood-burning stove. With everything needed for independent living already in place, this level offers an opportunity to create a comfortable in-law suite or a rentable space for passive income (buyer to verify with township).
Outside, the freshly leveled and sodded backyard (2024) offers a blank slate for your outdoor dreams. Along with a beautiful deck to grill or enjoy a cup of coffee in the morning. A newly built retaining wall enhances the driveway, while the two-car attached garage, central air, and leased solar panels add convenience and efficiency.
Location Highlights:
6 minutes to Jersey Shore Medical Center
6 minutes to Jersey Shore Premium Outlets
11 minutes to Belmar Beach
10–15 minutes to Ocean Grove, Asbury Park, and Point Pleasant
2 minutes to Shark River Park (trail system)
3 minutes to Shark River Golf Course
Fast access to Garden State Parkway (2 min) and Route 18 (4 min)
If you're looking for a home with space, updates, and an unbeatable location, 4 Elm Drive checks all the boxes.
A home like this doesn't come around often... especially in a location like this. Come see 4 Elm Drive for yourself and imagine the life you could build here.
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Cap Rate Calculator
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 15, 2025 | Sold | ||
| Sold | |||
| Oct 10, 2025 | In contract | - | |
| In contract | |||
| Sep 21, 2025 | Listed by Keller Williams Premier | $640,000 | |
| Listed by Keller Williams Premier | |||
| May 5, 2023 | Sold | ||
| Sold | |||
| Feb 15, 2023 | Listed by O'Brien Realty, LLC | $450,000 | |
| Listed by O'Brien Realty, LLC | |||
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Welcome to this lovely 3 bedroom home in the desirable Hamilton Gardens with lots of room to reimagine the space. Lovely open flow from the front living room through kitchen and sunken family room with fireplace on the first level which has been newly painted. Full bath and 2 bedrooms (1 was previously 2 bedrooms opened up) on the main space with hard woods underneath carpet. Upstairs is just waiting to be reimagined with a very large office space, full bath with laundry, large master with closets and side den/nursery/office as well. Finished basement with bathroom& another laundry area and huge 2 car garage all set on a nice sized property complete this property. Bring your designer's eye to finish off this great home.Near public transport & parks &schools. Solar panels leased.AS IS AS IS SALE. Grass has been digitally enhanced in some photos.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017