$750,000
●
Land -
For Sale
6 ROOSEVELT AVENUE
PENNINGTON, NJ 08534
Studio
0 Bath
$3,686
Est. Monthly
About This Property
Build your dream home on this beautiful lot set on a quiet
cul-de-sac. This is a 7.3 acre densely wooded lot in a 20 lot
subdivision of homes priced from $950,000 to $1.8 million, ready
for new construction. Price for 1 lot of a 20 lot
sub-division w access to city water/sewer at the street. Either
purchase the lot and choose your own builder or builder/owner can
build a custom home for you. New home to be built is
approximately 4,500 square feet of living space. This home could
feature a two story foyer, two story family room with fireplace.
Nine foot ceilings on the first floor. Formal living room,
study/guest room. Deluxe master bedroom with tray ceiling, jetted
tub and separate shower area. Easy walk to downtown
Pennington and Toll Gate Grammar. Convenient to Princeton area
activities and commuter trains.
Unit Size
-
Days on Market
-
Land Size
7.36 acres
Price per sqft
-
Property Type
Land
Property Taxes
$3
HOA Dues
-
Year Built
-
Listed By
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: 18 days ago (Bright MLS #NJME2084646)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 5, 2026 | Listed by PremiumOne Realty | $750,000 | |
| Listed by PremiumOne Realty | |||
| Nov 14, 2025 | Price Increased |
$750,000
↑ $50K
(7.1%) | |
| Price Increased | |||
| Jun 27, 2025 | Listed | $700,000 | |
| Listed | |||
| | |||
|
Build your dream home on this beautiful lot set on a quiet cul-de-sac. This is a 7.3 acre densely wooded lot in a 20 lot subdivision of homes priced from $950,000 to $1.8 million, ready for new construction. Price for 1 lot of a 20 lot sub-division w access to city water/sewer at the street. Either purchase the lot and choose your own builder or builder/owner can build a custom home for you. New home to be built is approximately 4,500 square feet of living space. This home could feature a two story foyer, two story family room with fireplace. Nine foot ceilings on the first floor. Formal living room, study/guest room. Deluxe master bedroom with tray ceiling, jetted tub and separate shower area. Easy walk to downtown Pennington and Toll Gate Grammar. Convenient to Princeton area activities and commuter trains, as well
| |||
| Dec 4, 2024 | Listed | $700,000 | |
| Listed | |||
| | |||
|
Build your dream home on this beautiful lot set on a quiet cul-de-sac. This is a 7.3 acre densely wooded lot in a 20 lot subdivision of homes priced from $950,000 to $1.8 million, ready for new construction. Price for 1 lot of a 20 lot sub-division w access to city water/sewer at the street. Either purchase the lot and choose your own builder or builder/owner can build a custom home for you. New home to be built is approximately 4,500 square feet of living space. This home could feature a two story foyer, two story family room with fireplace. Nine foot ceilings on the first floor. Formal living room, study/guest room. Deluxe master bedroom with tray ceiling, jetted tub and separate shower area. Easy walk to downtown Pennington and Toll Gate Grammar. Convenient to Princeton area activities and commuter trains, as well
| |||
Property Highlights
Exterior Details
Lot Size Area: 320602
Lot Size Units: Square Feet
Lot Size Acres: 7.36
Lot Size Square Feet: 320602
Lot Size Dimensions: 0.00 x 0.00
Tax Lot: 00001 12
Water Source: Public
Financial Details
Tax Assessed Value: $1,000
Tax Annual Amount: $31
Utilities Details
Sewer : Public Sewer
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
$4,500 /mo
- 4 Beds
- 2 Baths
- 2,910 ft²
$3,250 /mo
- 3 Beds
- 2 Baths
- 1,594 ft²
Listed by: Danielle Genovese
PremiumOne Realty
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# NJME2084646
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.
PremiumOne Realty
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# NJME2084646
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017