78 Commonwealth Avenue
About This Property
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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 |
|---|---|---|---|
| Mar 1, 2026 | Sold | ||
| Sold | |||
| Dec 4, 2025 | In contract | - | |
| In contract | |||
| Nov 5, 2025 | Listed by Keller Williams Hudson Valley | $558,000 | |
| Listed by Keller Williams Hudson Valley | |||
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Luxury Post & Beam Contemporary Home with Pool, Gardens & Private Elevator
Experience timeless craftsmanship and modern luxury in this exceptional Post & Beam contemporary home. Designed for both comfort and style, this one-of-a-kind property offers warm architectural character, elegant finishes, and thoughtfully designed spaces for everyday living and entertaining.
The spacious eat-in kitchen showcases beautiful hardwood floors, custom oak cabinetry, gleaming granite countertops, and a stunning center island with an integrated sink—perfect for cooking, gathering, and creating memories. The formal dining room opens to a large raised deck overlooking a park-like backyard, featuring lush gardens and a 20' x 40' in-ground pool.
Enjoy seamless indoor-outdoor living with two inviting patios—one poolside and another just below the deck—ideal for entertaining guests or relaxing in privacy.
Set on a .34-acre lot with dual access from Commonwealth and Rockwell Avenues, this property offers potential for subdivision (with town approval), presenting an exciting investment opportunity.
Additional Highlights:
Private elevator providing convenient access between lower and upper levels
2-car attached garage with generous storage space
Ample parking and multiple outdoor living areas
Walking distance to a public elementary school and the YMCA
Easy access to downtown Middletown, shopping, dining, and major routes
This stunning home combines luxury, versatility, and charm in a beautifully landscaped setting—truly a rare find in Middletown.
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| Sep 28, 2023 | Sold | ||
| Sold | |||
| Jul 12, 2023 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017