102 COLONIAL AVENUE
About This Property
Step into charm with this 1915 bungalow nestled on a peaceful corner lot in the heart of Pitman!
Featuring 3 large bedrooms, 1 full bath, and a convenient half bath, this home offers a perfect blend of character, potential, and space, to make it your own. Looking for hardwood floors? No problem! Most of the rooms have the original hardwood flooring hiding under the carpet!
Inside, you'll also find a large unfinished basement, with a baseboard drainage system and sump pump! It's clean, dry, and ready for your imagination!
The property is lush with greenery and boasts a serene, garden-like setting that invites you to unwind on the back deck to enjoy all that nature has to offer.
Located in the desirable Pitman community with walkable streets, local shops, and a welcoming small-town feel, this home is perfect for anyone ready to bring new life to this classic.
Although this home is being sold in As-Is condition, the seller will be obtaining the Certificate of Occupancy, so come see how you can take your vision and make this timeless charmer your own!
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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 |
|---|---|---|---|
| Nov 3, 2025 | Sold | ||
| Sold | |||
| Oct 17, 2025 | In contract | - | |
| In contract | |||
| Oct 1, 2025 | In contract | - | |
| In contract | |||
| Sep 21, 2025 | Listed by BHHS Fox & Roach-Mullica Hill South | $285,000 | |
| Listed by BHHS Fox & Roach-Mullica Hill South | |||
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About Pitman
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017