$215,000
●
House -
Off Market
2518 PENNINGTON RD
PENNINGTON, NJ 08534
2 Beds
1 Bath
800 Ft²
$272,382
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model
About This Property
Not a fan of condo or townhome living? Well then here is the
opportunity you have been waiting for! Completely renovated -
nothing to do but unpack! This charming bungalow offers the
new owner both a modern and beautifully appointed kitchen and bath
(check out the rainfall shower head!), front screened-in porch,
rear covered deck, and upstairs laundry! And don't worry
about storage - thanks to the full basement and detached garage
that won't be an issue. Located in the highly desired
Hopewell Valley Regional School District, convenient to restaurants
& shopping, and with easy access to all major roadways, NJ Transit,
and a regional airport, 2518 Pennington Rd is not to be missed!
Zoned H-B-O. Buyer to confirm acceptable use. Cross-listed
MLS# NJME307050
Unit Size
800 Ft²
Days on Market
-
Land Size
0.54 acres
Price per sqft
$286
Property Type
House
Property Taxes
$505
HOA Dues
-
Year Built
1920
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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: 4 years ago (Bright MLS #NJME306324)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 6, 2021 | Sold | ||
| Sold | |||
| Jan 2, 2021 | Listed by NextHome Essential Realty | $229,000 | |
| Listed by NextHome Essential Realty | |||
| Aug 3, 2020 | Sold | ||
| Sold | |||
| Jun 4, 2020 | Listed by Callaway Henderson Sotheby's Int'l-Pennington | $129,000 | |
| Listed by Callaway Henderson Sotheby's Int'l-Pennington | |||
| | |||
|
Prime renovation opportunity in a high visibility location perfect for signage and zoned for Home Business Office use. Earn sweat equity while updating this fixer-upper with its 1920's farmhouse charm featuring a lovely enclosed front porch and a deep yard. This same-family-owned home is ready for a makeover of its sensible footprint including the eat-in kitchen and the living room with wood floors. Each of the bedrooms has its own individual character. Whether you are looking for an excellently priced home in the highly regarded Hopewell Valley Regional School District or an investment, either option holds so much promise! The septic, heating, and water treatment systems have been updated. This diamond in the rough begs to be polished! As-Is Sale with buyer responsible for township certification prior to occupancy.
| |||
| May 13, 2020 | No longer available | - | |
| No longer available | |||
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Jonathan Lamond
NextHome Essential Realty
Last Updated: 2 hours ago
Data Source: Bright MLS , MLS# NJME306324
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.
NextHome Essential Realty
Last Updated: 2 hours ago
Data Source: Bright MLS , MLS# NJME306324
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