18 ORNE AVE
About This Property
This parcel is zoned Residential. Situated in one of Ewing's existing neighborhoods. This lot enjoys proximity to the ever popular Moody Park and Trenton Farmers Market, plus various shopping and restaurants.
The purchase of this unique building lot represents a distinctive opportunity, and buyers are advised to conduct thorough due diligence. It is recommended to consult with local zoning authorities and engage the services of a qualified architect or developer experienced in variance applications.
Don't miss out on this remarkable building lot awaiting a touch of creativity and the granting of a zoning variance.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 14, 2024 | Sold | ||
| Sold | |||
| Apr 16, 2024 | In contract | - | |
| In contract | |||
| Feb 7, 2024 | Relisted | $50,000 | |
| Relisted | |||
| Nov 26, 2023 | In contract | - | |
| In contract | |||
| Sep 20, 2023 | Listed by RE/MAX Tri County | $50,000 | |
| Listed by RE/MAX Tri County | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017