$840,000
●
Land -
Off Market
40 DUBLIN RD
PENNINGTON, NJ 08534
Studio
1 Bath
4,924 Ft²
$4,567
Est. Monthly
About This Property
Attention builders and farm lovers...A truly remarkable property in
Hopewell Township! The residence/horse farm with its 19+ acres, and
stunning views, adjoin a cul de sac of large estate homes.
The Township said this land is located in the VRC Zoning
District and would allow for cluster development as long as zoning
regulations and other requirements can be met. There is an
old farmhouse (needs extensive work) and a custom-built brick ranch
home that is tenant occupied. There are older stables with
hay storage and plenty of fields for pastures. The property's
combination of residential and agricultural features, along with
the income potential from the apartments and farm-assessed status,
could make it an appealing investment for individuals interested in
equestrian activities, farming, or simply seeking a serene and
picturesque living environment. Properties like this often hold a
special appeal for those who appreciate both the beauty of rural
landscapes and or the potential to build new homes here. Call
for appointment to see this property.
Unit Size
4,924 Ft²
Days on Market
-
Land Size
19.78 acres
Price per sqft
$189
Property Type
Land
Property Taxes
$2,328
HOA Dues
-
Year Built
1980
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #NJME2033462)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 12, 2023 | Sold | ||
| Sold | |||
| Oct 8, 2023 | In contract | - | |
| In contract | |||
| Oct 3, 2023 | Relisted | $930,000 | |
| Relisted | |||
| Aug 22, 2023 | No longer available | - | |
| No longer available | |||
| Aug 14, 2023 | No longer available | - | |
| No longer available | |||
Show More
Property Highlights
Garage
Air Conditioning
Fireplace
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 Mercer
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Elisabeth Kerr
Weidel Realtors-Pennington
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# NJME2033462
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.
Weidel Realtors-Pennington
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# NJME2033462
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017