$595,000
●
House -
Off Market
18 MORNINGSIDE DR
PENNINGTON, NJ 08534
3 Beds
2 Baths
$3,044
Est. Monthly
About This Property
Welcome to this charming ranch home in the heart of Pennington.
This property features 3 bedrooms and 2 full bathrooms, showcasing
tasteful upgrades such as hardwood floors throughout, recessed
lighting, a wood-burning fireplace, and elegant two-panel doors.
The kitchen is a standout with its large center island, perfect for
morning breakfasts, complemented by quartz countertops,
self-closing upgraded cabinets, stainless steel appliances, and
stylish fixtures. Enjoy formal dining and living areas, each
updated with contemporary designs. The full basement, accessible
via Bilco doors, offers endless possibilities for customization.
The property also includes a spacious driveway and a two-car garage
for ample parking. The expansive backyard is perfect for
entertaining, featuring a paver patio ideal for gatherings.
Additionally, the home comes equipped with a whole-house generator
for added convenience. Situated near shopping, restaurants, and
more, this home is a must-see. Schedule your showing today! **Open
house on June 22nd, Saturday 3-5 PM**
Unit Size
-
Days on Market
26 days
Land Size
0.54 acres
Price per sqft
-
Property Type
House
Property Taxes
$846
HOA Dues
-
Year Built
1965
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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: 3 years ago (Bright MLS #NJME2044102)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 6, 2024 | Sold | ||
| Sold | |||
| Aug 5, 2024 | In contract | - | |
| In contract | |||
| May 30, 2024 | Listed by EXP Realty, LLC | $619,900 | |
| Listed by EXP Realty, LLC | |||
Property Highlights
Garage
Air Conditioning
Fireplace
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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Closing Price
Sold On
Sold On
HOA + Taxes
About Mercer
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Listed by: Richard Adamski
EXP Realty, LLC
Last Updated: 6 hours ago
Data Source: Bright MLS , MLS# NJME2044102
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: 6 hours ago
Data Source: Bright MLS , MLS# NJME2044102
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017