72 1st Street
About This Property
This freshly painted 3BR, 2BA home offers original wide plank wood floors, two staircases, a bonus family room, and four fireplaces (three decorative, restored kitchen fireplace functional). Water views of Keyport Harbor from the second floor.
Recent upgrades include a new gutter system, updated kitchen with stainless steel dishwasher, refrigerator and range hood, brand-new second floor bath, and new hardwood floors in the third bedroom. Additional updates include 200-amp electric, plumbing and sewer upgrades, sprinkler system, fenced yard, shed, and driveway for 2-3 cars. Steps to the Keyport Boardwalk, waterfront parks, marina, restaurants, and downtown.
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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 |
|---|---|---|---|
| Jun 1, 2026 | Sold | ||
| Sold | |||
| Apr 30, 2026 | In contract | - | |
| In contract | |||
| Apr 23, 2026 | Relisted | $648,000 | |
| Relisted | |||
| Mar 18, 2026 | In contract | - | |
| In contract | |||
| Mar 5, 2026 | Listed by Keller Williams Realty West Monmouth | $648,000 | |
| Listed by Keller Williams Realty West Monmouth | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017