26
Map
243 W 2ND STREET
About This Property
A completely rebuilt front porch and front porch roof, completed approximately three years ago and finished with low-maintenance Trex-style decking, create an inviting first impression. Inside, you'll find generously sized rooms, gas cooking, a new stove, replacement vinyl windows, a washer and dryer, attic storage, and a full unfinished basement offering excellent storage or future possibilities. The basement also includes a sump pump, which the seller believes has never needed to be operated.
The home includes numerous important updates, including a replaced oil tank, replaced heating system, upgraded electrical panel and wiring, replacement vinyl windows, recently replaced toilets, and wiring for Verizon Fios service. One of the hidden gems of this property is the hardwood flooring beneath much of the existing carpeting, offering the opportunity to restore its original character.
Whether you're an investor, contractor, or buyer looking to build equity through renovations, this property offers exceptional potential in an outstanding location. Enjoy convenient access to Moorestown's vibrant downtown, featuring restaurants, shopping, parks, and major commuting routes.
Bring your vision and discover the possibilities this home has to offer.
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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 31, 2026 | Sold | ||
| Sold | |||
| Jul 9, 2026 | In contract | - | |
| In contract | |||
| Jun 29, 2026 | Listed by Weichert Realtors - Moorestown | $350,000 | |
| Listed by Weichert Realtors - Moorestown | |||
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About Moorestown-Lenola
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017