436 Applegate Avenue
About This Property
The real star of this property is the impressive basement level, which essentially doubles your living space. You'll find a full Recreation room perfect for movie nights or entertaining guests, plus two additional bedrooms that provide flexibility for guests, home offices, or hobby spaces. The basement also features a summer kitchen, making it ideal for entertaining or as a separate living area for extended family. Quality craftsmanship is evident in every detail of this home. The renovation was completed with care, ensuring modern amenities while maintaining the home's character. Three full bathrooms mean no more morning rushes, and the thoughtful layout maximizes both privacy and shared living spaces.
The location offers convenient access to nearby amenities, with South Toms River Borough Community just a short walk away for outdoor recreation. Public transportation options are available, and grocery shopping is easily accessible with ShopRite nearby.
What makes this property particularly appealing is the combination of move-in ready condition with the bonus space that many homes lack. The basement level truly transforms how you'll use and enjoy your home, whether you need space for a growing family, want a dedicated entertainment area, or desire flexible rooms that can adapt to your changing needs.
This home represents excellent value for buyers seeking quality, space, and convenience in one well-designed package.
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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 |
|---|---|---|---|
| Feb 12, 2026 | Sold | ||
| Sold | |||
| Jan 16, 2026 | In contract | - | |
| In contract | |||
| Jan 6, 2026 | Relisted | $449,900 | |
| Relisted | |||
| Dec 3, 2025 | In contract | - | |
| In contract | |||
| Nov 19, 2025 | Listed by Keller Williams Metropolitan | $449,900 | |
| Listed by Keller Williams Metropolitan | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017