$85,000
●
Land -
Off Market
1205 ELK RD
MONROEVILLE, NJ 08343
Studio
0 Bath
$173,180
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model
About This Property
Lovely, secluded land for sale, minutes from Route 55.
Perfect opportunity for development in a quiet, rural
neighborhood, with frontage on both Elk Road and Daisy Avenue.
Included in this sale is a smaller, adjacent lot, bringing the
acreage to approximately 3.32 acres. Property is partially cleared,
and both lots have on-site wells. Buyer would need to obtain
all certifications and permits necessary to build. This is the spot
to build your dream home!
Unit Size
-
Days on Market
-
Land Size
2.85 acres
Price per sqft
-
Property Type
Land
Property Taxes
$263
HOA Dues
-
Year Built
1936
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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: 4 years ago (Bright MLS #NJGL255246)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 28, 2020 | Sold | ||
| Sold | |||
| Feb 24, 2020 | Listed by Keller Williams Realty - Washington Township | $124,900 | |
| Listed by Keller Williams Realty - Washington Township | |||
| Dec 21, 2019 | No longer available | - | |
| No longer available | |||
| May 4, 2019 | Price Decreased |
$125,000
↓ $5K
(3.9%) | |
| Price Decreased | |||
| Apr 1, 2019 | Listed | $130,000 | |
| Listed | |||
| | |||
|
Endless possibilities await the developer of this land for sale in desirable Elk Township. Previously developed lot looking for someone to finish the job. Additional smaller lot included provides a total of about 3.32 acres with dual frontage on both Elk Road and Daisy Avenue. Property is partially cleared and both lots have onsite wells. This secluded property is located in a quiet rural neighborhood only a few minutes from the entrance to Rt. 55 and close to Rowan University. Purchaser responsible for any and all certs and permits needed for building. Build your dream home here or imagine the investment potential with two lots that create the unique possibility for additional income or combined family living. Seize the opportunity and come see it today!
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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ft²
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Asking Price
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Closing Price
Sold On
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HOA + Taxes
About Gloucester
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Listed by: Thomas Healy
Keller Williams Realty - Washington Township
Last Updated: 10 hours ago
Data Source: Bright MLS , MLS# NJGL255246
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.
Keller Williams Realty - Washington Township
Last Updated: 10 hours ago
Data Source: Bright MLS , MLS# NJGL255246
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