$990,000
↓ $209K (17.4%)
●
Land -
For Sale
3 Old Orchard Ter
Mendham Twp., NJ 07945
Studio
0 Bath
$5,354
Est. Monthly
About This Property
Discover the perfect opportunity to build your dream home on this
beautiful, private lot tucked away on a serene cul-de-sac in most
desirable Mendham Twp. This rare offering provides the ideal blend
of tranquility, exclusivity, and convenience set in a quiet enclave
surrounded by nature and high-end homes. The property comes with
pre-approved building plans for a 5,462 sq ft home allowing you to
move forward with confidence and begin construction without delay.
Whether you envision a modern retreat or a timeless custom
residence, this lot provides the canvas for your vision. With ample
size, a peaceful setting, and the benefit of completed approvals,
this is a turnkey opportunity for builders, investors, or buyers
looking for a smooth path to creating their perfect home.
Unit Size
-
Days on Market
-
Land Size
1.68 acres
Price per sqft
-
Property Type
Land
Property Taxes
$492
HOA Dues
-
Year Built
1920
Listed By
VIKTORIA ADAMOV
REALTY ONE GROUP CENTRAL
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Cap Rate Calculator
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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: 6 months ago (GSMLS #4006789)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 29, 2026 | Price Decreased |
$990,000
↓ $209K
(17.4%) | |
| Price Decreased | |||
| Jan 26, 2026 | Listed by REALTY ONE GROUP CENTRAL | $1,199,000 | |
| Listed by REALTY ONE GROUP CENTRAL | |||
| Nov 15, 2025 | Listed by Realty One Group Central | $1,199,000 | |
| Listed by Realty One Group Central | |||
   | |||
|
Discover the perfect opportunity to build your dream home on this beautiful, private lot tucked away on a serene cul-de-sac in most desirable Mendham Twp. This rare offering provides the ideal blend of tranquility, exclusivity, and convenience—set in a quiet enclave surrounded by nature and high-end homes. The property comes with pre-approved building plans for a 5,462 sq ft home allowing you to move forward with confidence and begin construction without delay. Whether you envision a modern retreat or a timeless custom residence, this lot provides the canvas for your vision. With ample size, a peaceful setting, and the benefit of completed approvals, this is a turnkey opportunity for builders, investors, or buyers looking for a smooth path to creating their perfect home.
| |||
Property Highlights
Exterior Details
Lot Features: Cul-De-Sac
Lot Size Area: 73180.8
Lot Size Units: Square Feet
Lot Size Acres: 1.68
Lot Size Square Feet: 73180.8
Financial Details
Tax Annual Amount: $5,907
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Mendham
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Last Updated: 6 months ago
Data Source: GSMLS, MLS#
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Data Source: GSMLS, MLS#
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