$149,000
↓ $51K (25.5%)
●
Land -
For Sale
231 ERIAL ROAD
PINE HILL, NJ 08021
Studio
0 Bath
$890
Est. Monthly
About This Property
LOT FOR SALE!! Looking to purchase a buildable lot in Pine Hill?
Now is your chance! 231 Erial Rd offers a lot size of 30,000 square
feet. With land approvals in place for a proposed building
measuring 40 x 60 feet, three stories high, and a total building
area of 7,200 square feet.
See below for proposed building:
First Floor:
Two commercial units facing Erial Road (totaling 780 sq. ft.)
One residential unit, approximately 800 sq. ft. (one-bedroom)
Second Floor:
Two three-bedroom residential units, each 1,124 sq. ft.
Third Floor:
Two three-bedroom residential units, each 1,124 sq. ft.
Land is approved for 5 residential + 2 commercial units
Buyer responsible for all due diligence.
See below for proposed building:
First Floor:
Two commercial units facing Erial Road (totaling 780 sq. ft.)
One residential unit, approximately 800 sq. ft. (one-bedroom)
Second Floor:
Two three-bedroom residential units, each 1,124 sq. ft.
Third Floor:
Two three-bedroom residential units, each 1,124 sq. ft.
Land is approved for 5 residential + 2 commercial units
Buyer responsible for all due diligence.
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
Land
Property Taxes
$158
HOA Dues
-
Year Built
-
Listed By
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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: 2 months ago (Bright MLS #NJCD2115200)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 18, 2026 | Price Decreased |
$149,000
↓ $51K
(25.5%) | |
| Price Decreased | |||
| Apr 24, 2026 | Listed by Keller Williams Realty - Moorestown | $199,999 | |
| Listed by Keller Williams Realty - Moorestown | |||
| May 10, 2023 | Sold | ||
| Sold | |||
| Apr 6, 2023 | In contract | - | |
| In contract | |||
| Jul 19, 2022 | Listed by Lamb Realty | $55,000 | |
| Listed by Lamb Realty | |||
| | |||
|
Additional lots 20 thru 26 included for purchase price. Total Lot Dimension with ALL Lots is 200' x 150' (see pics). Will not sell separate, zoned Commercial business district. Purchaser responsible for all permits.
| |||
Property Highlights
Exterior Details
Lot Features: Additional Lot(s)
Lot Size Area: 7405.2
Lot Size Units: Square Feet
Lot Size Acres: 0.17
Lot Size Square Feet: 7405.2
Lot Size Dimensions: 50.00 x 150.00
Tax Lot: 00019
Water Source: Other
Financial Details
Tax Assessed Value: $32,400
Tax Annual Amount: $1,894
Utilities Details
Sewer : Approved System, No Sewer System
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
Asking Price
Listed On
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Closing Price
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HOA + Taxes
About Pine Hill
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Listed by: Devin Dinofa
Keller Williams Realty - Moorestown
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# NJCD2115200
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.
Keller Williams Realty - Moorestown
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# NJCD2115200
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017