435 3RD AVENUE
About This Property
From the moment you arrive, the charming front porch invites you to slow down and enjoy quiet mornings or relaxed evenings in a peaceful neighborhood setting. Inside, you'll find generous living space with a layout that offers both comfort and flexibility for today's lifestyle.
Important updates have already been taken care of, including a newer roof, updated systems, and a full-house generator-providing both efficiency and peace of mind. The basement features a brand-new floor and, while unfinished, offers a blank canvas ready to become whatever you envision-whether it's a home gym, recreation room, media space, workshop, or additional living area.
Upstairs, there is excellent potential to create a fourth bedroom, ideal for growing households, a guest suite, or a dedicated home office.
Set on a rare double lot, the outdoor space is perfect for entertaining, gardening, or simply enjoying your own private retreat. Located in sought-after Garwood, this home offers small-town charm with convenient access to highways, NJ Transit, parks, shopping, and dining. This is a rare chance to own a home with history, space, and endless potential.
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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 29, 2026 | Sold | ||
| Sold | |||
| Apr 29, 2026 | In contract | - | |
| In contract | |||
| Apr 23, 2026 | Listed by Keller Williams Premier | $759,000 | |
| Listed by Keller Williams Premier | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017