$425,000
●
House -
Off Market
105 SEARCH AVENUE
PENNINGTON, NJ 08534
2 Beds
1 Bath
972 Ft²
$2,642
Est. Monthly
About This Property
Welcome to this charming 2-bedroom, 1-bath home nestled in one of
Hopewell Township's most desirable neighborhoods. Full of character
and potential, this inviting property offers a warm and comfortable
layout with plenty of natural light throughout. Whether you're a
first-time buyer, downsizing, or looking for a smart investment,
this home presents an excellent opportunity to own in a
sought-after location.
The property features a spacious detached 2-car garage, perfect for parking, storage, or even a workshop. Inside, you'll find a full basement that offers endless possibilities-finish it to create additional living space, a home office, gym, or entertainment area. The home has been well maintained over the years and is ready for its next owner to bring their vision to life.
While the home could benefit from some light cosmetic updates, it is priced accordingly, making it an exceptional value in today's market. With great bones, a prime location, and room to customize, this is your chance to create the perfect home tailored to your style. Don't miss out on this opportunity to invest in both comfort and potential!
The property features a spacious detached 2-car garage, perfect for parking, storage, or even a workshop. Inside, you'll find a full basement that offers endless possibilities-finish it to create additional living space, a home office, gym, or entertainment area. The home has been well maintained over the years and is ready for its next owner to bring their vision to life.
While the home could benefit from some light cosmetic updates, it is priced accordingly, making it an exceptional value in today's market. With great bones, a prime location, and room to customize, this is your chance to create the perfect home tailored to your style. Don't miss out on this opportunity to invest in both comfort and potential!
Unit Size
972 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$405
Property Type
House
Property Taxes
$707
HOA Dues
-
Year Built
1952
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 6 months ago (Bright MLS #NJME2075332)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 22, 2026 | Sold | ||
| Sold | |||
| Apr 15, 2026 | In contract | - | |
| In contract | |||
| Apr 11, 2026 | Listed by HomeSmart First Advantage Realty | $394,000 | |
| Listed by HomeSmart First Advantage Realty | |||
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Mercer
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Listed by: Marc Anthony Matteo
HomeSmart First Advantage Realty
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# NJME2075332
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
HomeSmart First Advantage Realty
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# NJME2075332
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