Mercer
32 W UPPER FERRY RD
$400,000
●
House -
Off Market
32 W UPPER FERRY RD
EWING, NJ 08628
4 Beds
2 Baths,
1
Half Bath
1,792 Ft²
$390,654
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model
About This Property
Beautifully updated 1800+ square foot home! Currently a commercial
property but this home can be brought back to a residential home.
Wrap around front porch is just the beginning of this stunning
home. First floor offers 1 bedroom and 1/2 bath, living room and
dining room. 2nd floor offers 3 bedrooms and a full bath. New tile
floor in kitchen, foyer bamboo flooring in living room, dining
room, hall; refinished oak hardwood floor in first floor bedroom.
Windows replaced in 2015; new roof in 2013. Full basement, 2 car
garage and a driveway that can accommodate many more. Sellers
originally purchased this as a residential home, then converted to
a commercial property. SELLER IS WILLING TO GO TO ZONING BOARD AND
HAVE SWITCHED BACK TO A RESIDENTIAL HOME.
Update: Repairs and renovations to garage have been completed - all new windows, new side door, and back side of garage repaired and siding replaced.
Update: Repairs and renovations to garage have been completed - all new windows, new side door, and back side of garage repaired and siding replaced.
Unit Size
1,792 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$218
Property Type
House
Property Taxes
$660
HOA Dues
-
Year Built
1895
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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: 4 years ago (Bright MLS #NJME2025360)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 29, 2023 | Sold | ||
| Sold | |||
| May 20, 2023 | No longer available | - | |
| No longer available | |||
| May 5, 2023 | In contract | - | |
| In contract | |||
| Dec 22, 2022 | Listed by Avallon Real Estate Group | $390,000 | |
| Listed by Avallon Real Estate Group | |||
| Dec 2, 2022 | No longer available | - | |
| No longer available | |||
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Property Highlights
Air Conditioning
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Mercer
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Listed by: Christopher Avallon
Avallon Real Estate Group
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# NJME2025360
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Avallon Real Estate Group
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# NJME2025360
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017