$279,000
●
House -
Off Market
20 WALLACE STREET
ELMER, NJ 08318
3 Beds
2 Baths
1,168 Ft²
$1,789
Est. Monthly
8.95%
Cap Rate
About This Property
Charming 3-Bedroom Home with Finished Basement & Large Deck –
Perfect for Entertaining!
Welcome to this beautifully maintained 3-bedroom, 2-bathroom home located on a desirable corner lot. The spacious layout includes a bright and airy living room, perfect for both family gatherings and quiet nights in. The fully finished basement adds even more living space-ideal for a home office, entertainment room, or extra storage.
Step outside to your expansive deck, ideal for outdoor entertaining or simply relaxing in the fresh air. With plenty of space for grilling, dining, or lounging, this backyard is an entertainer's dream. The large corner lot offers ample yard space and extra privacy, making this home truly unique.
Key Features:
* 3 Bedrooms, 2 Bathrooms
* Finished Basement
* Large Corner Lot with Extra Privacy
* Expansive Deck for Outdoor Living
* Close to Schools, Parks, and Shopping
Don't miss out on this fantastic opportunity-schedule your private tour today!
Welcome to this beautifully maintained 3-bedroom, 2-bathroom home located on a desirable corner lot. The spacious layout includes a bright and airy living room, perfect for both family gatherings and quiet nights in. The fully finished basement adds even more living space-ideal for a home office, entertainment room, or extra storage.
Step outside to your expansive deck, ideal for outdoor entertaining or simply relaxing in the fresh air. With plenty of space for grilling, dining, or lounging, this backyard is an entertainer's dream. The large corner lot offers ample yard space and extra privacy, making this home truly unique.
Key Features:
* 3 Bedrooms, 2 Bathrooms
* Finished Basement
* Large Corner Lot with Extra Privacy
* Expansive Deck for Outdoor Living
* Close to Schools, Parks, and Shopping
Don't miss out on this fantastic opportunity-schedule your private tour today!
Unit Size
1,168 Ft²
Days on Market
31 days
Land Size
0.34 acres
Price per sqft
$239
Property Type
House
Property Taxes
$418
HOA Dues
-
Year Built
1980
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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: 5 days ago (Bright MLS #NJSA2013112)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 31, 2025 | Sold | ||
| Sold | |||
| Mar 1, 2025 | In contract | - | |
| In contract | |||
| Feb 20, 2025 | Price Decreased |
$279,000
↓ $14K
(4.6%) | |
| Price Decreased | |||
| Jan 24, 2025 | Price Increased |
$292,500
↑ $14K
(4.8%) | |
| Price Increased | |||
| Jan 15, 2025 | Listed by EXP Realty, LLC | $279,000 | |
| Listed by EXP Realty, LLC | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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Listed On
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HOA + Taxes
About Salem
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Listed by: Michelle Marie Trani
EXP Realty, LLC
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# NJSA2013112
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: 8 hours ago
Data Source: Bright MLS , MLS# NJSA2013112
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017