$50,000
●
Land -
Off Market
389 TANSBORO ROAD
BERLIN, NJ 08009
Studio
0 Bath
$431
Est. Monthly
42.87%
Cap Rate
About This Property
Discover an incredible opportunity to own 2.5 acres of premium land
located in Berlin. This property is zoned PR1 for residential
property which offers endless possibilities, whether you're looking
to build your dream home. Situated in a great location and
close to nearby landmarks and major roads, providing easy
access to highways, shopping, restaurants, hospitals, churches,
etc. Utilities are available & close to the property, which
should provide for easy hookup. You have a chance to own a great
sized parcel of land and have the privacy everyone seeks to have
and yet be close to everything, this property also has a 30 X 30
pond that will just make this parcel even more picture perfect to
build your dream home. Time to make your dreams a reality.
Unit Size
-
Days on Market
84 days
Land Size
2.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
$185
HOA Dues
-
Year Built
1945
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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: 2 years ago (Bright MLS #NJCD2086730)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 27, 2025 | Sold | ||
| Sold | |||
| Jun 18, 2025 | In contract | - | |
| In contract | |||
| Apr 4, 2025 | Relisted | $50,000 | |
| Relisted | |||
| Mar 25, 2025 | In contract | - | |
| In contract | |||
| Feb 28, 2025 | Listed | $50,000 | |
| Listed | |||
| | |||
|
***THE SELLER HAS INFORMED US THAT THEY WOULD LIKE ALL HIGHEST & BEST OFFERS IN AND DUE BY 3/12/25 BY 5PM*** Discover an incredible opportunity to own 2.5 acres of premium land located in Berlin. This property is zoned PR1 for residential property which offers endless possibilities, whether you're looking to build your dream home. Situated in a great location and close to nearby landmarks and major roads, providing easy access to highways, shopping, restaurants, hospitals, churches, etc. Utilities are available & close to the property, which should provide for easy hookup. You have a chance to own a great sized parcel of land and have the privacy everyone seeks to have and yet be close to everything, this property also has a 30 X 30 pond that will just make this parcel even more picture perfect to build your dream home. Time to make your dreams a reality.
| |||
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 Camden
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Listed by: Christopher L. Twardy
BHHS Fox & Roach-Mt Laurel
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# NJCD2086730
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.
BHHS Fox & Roach-Mt Laurel
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# NJCD2086730
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