2115 PENNINGTON
About This Property
This upgraded 3-bedroom, 3-bathroom home offers a perfect blend of style, functionality, and privacy-set on a private half-acre lot with a 2-car driveway and room to spread out both inside and out.
At the heart of the home is a modern eat-in kitchen, featuring updated cabinetry, sleek countertops, and stainless steel appliances-ideal for everyday meals and entertaining alike. The living room centers around a cozy fireplace, creating a warm, inviting space to unwind.
The fully finished basement takes this home to the next level, complete with a full bathroom and custom wet bar-perfect for hosting, guest accommodations, or creating a private retreat.
Major system updates include a newer roof and hot water heater, giving buyers peace of mind and long-term value.
Additional highlights include spacious bedrooms, refreshed bathrooms, and excellent flow throughout. Located minutes from TCNJ, major highways, shopping, and public transportation, this home delivers convenience, comfort, and space-inside and out.
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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 |
|---|---|---|---|
| Jul 30, 2025 | Sold | ||
| Sold | |||
| Jun 19, 2025 | In contract | - | |
| In contract | |||
| May 16, 2025 | Listed by BHHS Fox & Roach - Princeton | $495,000 | |
| Listed by BHHS Fox & Roach - Princeton | |||
| Mar 19, 2020 | Sold | ||
| Sold | |||
| Nov 9, 2019 | Listed by Weidel Realtors-Flemington | $349,700 | |
| Listed by Weidel Realtors-Flemington | |||
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Stunning 3 bedroom and two full bathroom ranch style home with fully finished basement. This completely renovated home is conveniently located in Ewing Twp in residential/commercial zone. Upon entering you find generous living room with fireplace, wood floors throughout, beautiful crown moldings, updated kitchen with granite countertops and stainless-steel appliances. This floor also offers two full bathrooms, sunroom, plenty of closet space and natural light. Just recently completely renovated basement offers additional 1,600+ square foot of living space with full bathroom, laundry room, bar area, and living space. All that can be used for personal or commercial needs. Backyard offers plenty of privacy with beautiful mature trees on this large property. Minutes away from Rt 295, airport and shopping malls. With one year home warranty that is included, there is nothing else to do except just move in and enjoy. Professional photos coming soon.Direction: Rt 295 take Pennington Rd/Rt 31 South, take right on Hilltop Rd and immediate left into alley (follow directional signs). The driveway entrance id from the back of the house thru the alleyway.
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About Mercer
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017