4020 Morman Lane
About This Property
From the moment you step inside, the home reveals its edge: a light-filled interior atrium. The living room centers around a fireplace and wet bar - designed for both quiet evenings and effortless entertaining. The primary suite is privately positioned and thoughtfully appointed with plantation shutters, dual walk-in closets, and a spacious ensuite bath featuring dual vanities, granite countertops, and a walk-in shower, while two additional bedrooms provide flexibility for guests, work-from-home needs, or creative space. The kitchen connects seamlessly to the dining and breakfast areas and features granite countertops, tile backsplash, and stainless steel appliances, flowing naturally to a private stone and metal courtyard - the kind of space that makes morning coffee last longer and evenings wind down easier.
An attached two-car garage adds function to form. Recent update includes a Lennox 14 SEER HVAC system that is less than one year old - meaning the heavy lifting is already done. Washer, dryer, and refrigerators available to convey - because convenience should actually be convenient. And then there's the lifestyle. Located minutes from Addison's dining, entertainment, and trail systems - plus exclusive access to the Addison Athletic Club with fitness, pools, tennis, and year-round programming - this is low-maintenance living without compromise.
Well-positioned and ready to enjoy from day one - with room to make it your own over time. If you've been waiting for the right combination of location, layout, and value... this is it.
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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 |
|---|---|---|---|
| May 14, 2026 | Sold | ||
| Sold | |||
| Apr 17, 2026 | In contract | - | |
| In contract | |||
| Apr 12, 2026 | Relisted | $435,000 | |
| Relisted | |||
| Apr 8, 2026 | In contract | - | |
| In contract | |||
| Apr 4, 2026 | Price Decreased |
$435,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
Property Highlights
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About Midway Meadows
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017