$75,000
●
House -
Off Market
331 CEDAR ST
MILLVILLE, NJ 08332
Studio
0 Bath
$710
Est. Monthly
About This Property
Formerly zoned to allow a light commercial use space, this large
building and spacious lot is now located in the newly zoned High
Density Residential Area. Transform this existing structure into
livable space and build new on the large buildable space this
property offers. Use the buildable space and transform the existing
structure into a garage. So many options this property has to
offer. If looking for commercial storage or any light commercial
use, the buyer should exercise their due diligence and obtain
information as to whether a variance could apply from the
municipality.
Looking for more? This property can be sold in a bulk offer withNJCB2015662 (304 Washington Avenue/Single Family Home), NJCB2015664 (306 Washington Avenue/Vacant Lot), NJCB2015668 (310 Washington Avenue/Vacant Lot). Photo of all properties included in listing photographs.
Looking for more? This property can be sold in a bulk offer withNJCB2015662 (304 Washington Avenue/Single Family Home), NJCB2015664 (306 Washington Avenue/Vacant Lot), NJCB2015668 (310 Washington Avenue/Vacant Lot). Photo of all properties included in listing photographs.
Unit Size
-
Days on Market
158 days
Land Size
0.35 acres
Price per sqft
-
Property Type
House
Property Taxes
$219
HOA Dues
-
Year Built
1950
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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: 3 years ago (Bright MLS #NJCB2015728)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 27, 2024 | Sold | ||
| Sold | |||
| Apr 23, 2024 | No longer available | - | |
| No longer available | |||
| Apr 22, 2024 | In contract | - | |
| In contract | |||
| Dec 6, 2023 | Listed by Exit Homestead Realty Professi | $144,500 | |
| Listed by Exit Homestead Realty Professi | |||
| Nov 20, 2023 | Listed by EXIT HOMESTEAD REALTY PROFESSIONALS LLC | $144,500 | |
| Listed by EXIT HOMESTEAD REALTY PROFESSIONALS LLC | |||
| | |||
|
Formerly zoned to allow a light commercial use space, this large building and spacious lot is now located in the newly zoned High Density Residential Area. Transform this existing structure into livable space and build new on the large buildable space this property offers. Use the buildable space and transform the existing structure into a garage. So many options this property has to offer. If looking for commercial storage or any light commercial use, the buyer should exercise their due diligence and obtain information as to whether a variance could apply from the municipality.
| |||
Property Highlights
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 Millville
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Listed by: Stephanie Verderose
Exit Homestead Realty Professi
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# NJCB2015728
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.
Exit Homestead Realty Professi
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# NJCB2015728
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