$299,000
●
House -
Off Market
16 NEW ROAD
LAMBERTVILLE, NJ 08530
2 Beds
2 Baths
1,222 Ft²
$1,951
Est. Monthly
9.18%
Cap Rate
About This Property
Discover a hidden gem with incredible investment potential! This
charming ranch-style home, built in 1960, sits on a generous
0.81-acre lot, offering ample space for expansion or development.
The home features 2 bedrooms, 2 bathrooms and an unfinished
basement, providing a blank canvas for your creative
vision-transform it into a cozy retreat or a lucrative rental
space. With no association fees and a prime location, this property
is perfect for investors seeking to capitalize on the growing
demand for residential rentals, to fully renovate as the property
sits or to envision adding an additional level or building out. The
driveway offers convenient parking, while the serene surroundings
create a warm and inviting atmosphere. This property is not just a
house; it's an opportunity to develop the property or build equity
to generate income. Don't miss your chance to invest in a property
with endless possibilities!
Unit Size
1,222 Ft²
Days on Market
-
Land Size
0.81 acres
Price per sqft
$205
Property Type
House
Property Taxes
$723
HOA Dues
-
Year Built
1960
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Cap Rate Calculator
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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: 8 months ago (Bright MLS #NJME2065650)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 23, 2026 | Sold | ||
| Sold | |||
| Sep 24, 2025 | In contract | - | |
| In contract | |||
| Sep 18, 2025 | Listed by EXP Realty, LLC | $249,999 | |
| Listed by EXP Realty, LLC | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Mercer
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Listed by: Kathryn E Fedak
EXP Realty, LLC
Last Updated: 3 hours ago
Data Source: Bright MLS , MLS# NJME2065650
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.
EXP Realty, LLC
Last Updated: 3 hours ago
Data Source: Bright MLS , MLS# NJME2065650
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