5218 OLLEY LANE
About This Property
A quiet, tree-lined street backing to Lake Braddock Park, with the lake just a short walk away. Sunlight moves through the home as you step inside, and the pace shifts almost immediately.
This beautifully renovated three-level split offers something increasingly rare: a functional, easy layout paired with an outdoor setting that feels like a true escape.
The main level is where everything connects. Hardwood floors, natural light, and a clean flow between living, dining, and kitchen mean you're not navigating around awkward transitions. Nothing to work around. Nothing to reconfigure.
The kitchen renovation is complete and intentional, with custom cabinetry, quartz counters, and a layout that keeps you part of the room while you cook, whether it's a quiet morning or a full house.
Sliding doors open from the dining area onto the composite deck, and this is where the home shifts. Step outside and the backyard becomes the reason you stay.
The deck and stamped concrete patio create two distinct spaces to gather, relax, or simply sit and exhale. The yard is fully fenced, professionally landscaped, and supported by irrigation, so it looks the way you want it to without becoming another responsibility. As the landscape lighting comes on in the evening, the entire space softens and becomes somewhere you'll actually want to spend time, not just maintain.
Upstairs, three bedrooms are grouped together, which quietly simplifies everyday living. The primary suite offers a calm, private place to reset, with an updated shower and storage that keeps everything organized without effort. The secondary bedrooms are bright, well-sized, flexible, and share a full bath that's equally well-finished.
The lower level gives you space to separate when you need it. Large windows bring in daylight, and the gas fireplace adds warmth without making the room feel heavy. It works as a second living area, a media room, or a place to step away and recharge. The fourth bedroom and half bath create options for guests, work, or longer-term flexibility - and tucked neatly behind the scenes, the mechanical core is already sorted: upgraded electrical panel, whole-house water filtration, washer and dryer, and newer HVAC and water heater.
The practical pieces are already handled, in a way most homes haven't caught up to yet. Major updates include the roof (2019) and most windows (2020), along with thoughtful improvements throughout that support both comfort and long-term ease of ownership. The expanded driveway gives you two side-by-side spaces, so no one is playing musical cars. The garage includes an EV charger and an attached workshop area. High-speed wiring runs throughout. A full security system is already in place.
Beyond the property itself, Lake Braddock extends the sense of escape. A 27-acre lake, walking paths, pools, courts, and schools within the community give you places to reset and get outside without needing to leave your neighborhood.
This is a home where the work is done, the systems are handled, and your time here can actually feel like time off.
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017