5
Map
59-61 WALNUT STREET
About This Property
Make the choice to build
single family or utilize the adjoining lots and build multiple residential structures or think commercial. The
area supports most any venture with access to all utilities. This area is starving for development. FOR THE
DEVELOPER, there are adjoining properties on Walnut and also connecting properties on the intersecting
street of Cumberland Avenue and Lincoln adding to the possibilities for this area, located centrally in Historic PennsGrove, blocks from the Delaware River waterfront, Interstate 295, US Route 130, Delaware Memorial Bridge and the NJ Turnpike, 40 minutes to Philadelphia are within close proximity to this property.
Buyer to do their own due diligence. Being sold strictly as is.
This property can also be purchased as part of a package deal.
See attached documents for list of package of properties, their mls numbers and package price.
Listed By
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 10, 2026 | Price Decreased |
$44,900
↓ $100K
(69%) | |
| Price Decreased | |||
| Nov 3, 2025 | Price Decreased |
$145,000
↓ $50K
(25.6%) | |
| Price Decreased | |||
| Jul 26, 2025 | Price Increased |
$195,000
↑ $10K
(5.4%) | |
| Price Increased | |||
| Dec 26, 2024 | Listed | $185,000 | |
| Listed | |||
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Here is your opportunity to get several lots bundled together for a great price. The possibilites are endless. Ready to build? This sale includes the following parcels: Blk 73-lots 1, 20,19 Blk 73-lot 2 Blk 73 lots 4,5,6,7,8
Make the choice to build
single family or utilize the adjoining lots and build multiple residential structures or think commercial. The
area supports most any venture with access to all utilities. This area is starving for development. FOR THE
DEVELOPER, there are adjoining properties on Walnut and also connecting properties on the intersecting
street of Cumberland Avenue and Lincoln adding to the possibilities for this area, located centrally in Historic PennsGrove, blocks from the Delaware River waterfront, Interstate 295, US Route 130, Delaware Memorial Bridge and the NJ Turnpike, 40 minutes to Philadelphia are within close proximity to this property.
Buyer to do their own due diligence. Being sold strictly as is.
This property can also be purchased as part of a package deal.
See attached documents for list of package of properties, their mls numbers and package price.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017