15 CAROLINA AVENUE
About This Property
Conveniently located, this home offers easy access to major highways, making commuting a breeze whether you're heading into nearby towns or the city. It's also just around the corner from The College of New Jersey, making it an ideal spot for faculty, staff, or students looking for a charming, private residence close to campus. The combination of accessibility and a quiet neighborhood setting offers the best of both worlds.
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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 |
|---|---|---|---|
| Jan 8, 2025 | Sold | ||
| Sold | |||
| Nov 24, 2024 | In contract | - | |
| In contract | |||
| Nov 15, 2024 | Listed by BHHS Fox & Roach-Princeton Junction | $300,000 | |
| Listed by BHHS Fox & Roach-Princeton Junction | |||
| Apr 29, 2022 | Sold | ||
| Sold | |||
| Mar 23, 2022 | Listed by Weidel Realtors-Pennington | $235,000 | |
| Listed by Weidel Realtors-Pennington | |||
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Charming 2 BR 1 BA brick home on a large 50' x 100' lot minutes up the road from the College of NJ. High ceilings, wood flooring, fireplace (decorative only) remodeled bath, large clean basement, and an impressive fenced yard with perennials and flowering vines plus a meandering walkway to the large storage shed. Come relax on the covered front porch with your morning coffee. Life is good! Convenient to I-295, College of NJ, restaurants at the town center, shopping, banking, and more! Easy to show!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017