2352 PENNINGTON ROAD
About This Property
Excellent features. This unassuming Cape Cod features 6 personal use rooms - bedrooms, media/craft/hobby/tech room, 3 full baths, 1 office/bedroom, rare private 10 car lot parking, 2 car attached garage, eat-in kitchen, large walk-in pantry, gas cooking, wood cabinetry, hearth fireplace, built-in full-wall bookshelf, cedar closets, main floor laundry, rich hard woods - throughout the house, living room, den, family room, personal rooms, main and second floors, basement features ceramic tiles and small concrete area - a supply of extra tiles is included for future needs, glass sliding doors to oversized lit/covered deck, finished basement with potential mother daughter opportunity, walk-up basement access, basement egress windows, and beautiful private back yard. Carefully maintained well and septic.------
Updates. Whole house is freshly painted with all new door hardware, new front door, new front lights, new bathroom lights in retro-transitional baths, new hot water heater, and new heater.------
Incredible access. Proximity to I295 is a major plus to reach area Universities - less than 2 Miles to the College of New Jersey, private secondary schools, hospitals, major roads, cities, NJ beaches, houses of worship, major event venues, professional sports, parks, hiking paths, villages of Princeton, Hopewell, Pennington, Allentown, New Hope, Lambertville, and Frenchtown.
Spacious interior. Big backyard. Multi-generational family, singles collective, college students, graduate students, new hires looking for an investment opportunity, group living, craftsman, band house, zoom house, savvy investor, first timers, recently married, grandma and grandpa, lover's of life, just friend partners, adventurers, researchers, parents - whomever you are, 2352 Pennington is ready to for you. 2352 Pennington Rd is an awesome house for anyone looking for a surprisingly large, practically perfect, setting to enjoy their best life!
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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 |
|---|---|---|---|
| May 19, 2025 | Sold | ||
| Sold | |||
| Apr 14, 2025 | In contract | - | |
| In contract | |||
| Jan 24, 2025 | Price Decreased |
$539,000
↓ $30K
(5.3%) | |
| Price Decreased | |||
| Nov 3, 2024 | Price Increased |
$569,000
↑ $30K
(5.6%) | |
| Price Increased | |||
| Sep 21, 2024 | Listed by BHHS Fox & Roach-Princeton Junction | $539,000 | |
| Listed by BHHS Fox & Roach-Princeton Junction | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017