$360,000
●
House -
Off Market
616 CHESTNUT STREET
PALMYRA, NJ 08065
3 Beds
1 Bath,
1
Half Bath
1,000 Ft²
$2,393
Est. Monthly
7.98%
Cap Rate
About This Property
Beautiful Cape Cod with large yard located on corner lot. Home is
entirely updated throughout with refinished floors and quartz
countertops. New roof and new windows.
Unit Size
1,000 Ft²
Days on Market
22 days
Land Size
0.29 acres
Price per sqft
$375
Property Type
House
Property Taxes
$551
HOA Dues
-
Year Built
1941
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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 #NJBL2084318)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 9, 2025 | Sold | ||
| Sold | |||
| Apr 5, 2025 | Listed | $375,000 | |
| Listed | |||
| | |||
|
Beautiful Cape Cod with large yard located on corner lot. Home is entirely updated throughout with refinished floors and quartz countertops. New roof and new windows.
| |||
| May 16, 2024 | Sold | ||
| Sold | |||
| Apr 15, 2024 | In contract | - | |
| In contract | |||
| Apr 9, 2024 | Listed by Sureway Realty | $150,000 | |
| Listed by Sureway Realty | |||
| | |||
|
Welcome to this hidden gem nestled on a large corner lot. Property is being sold AS IS, so bring your vision! Opportunities like this are a rare find and this property holds endless potential! 616 Chestnut St presents an exciting opportunity for savvy investors or those with a passion for renovation. Boasting 3 bedrooms and 1 bathroom, this home offers ample space for customization and personalization.
The lot with expansive yard, is the perfect space to create an outdoor oasis for entertaining or gardening projects. Conveniently appointed, this home offers close proximity to the areas Downtown with quaint shops and restaurants, public transportation, major commuter highways and bridges to Philadelphia.
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Property Highlights
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Palmyra
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Listed by: James P Shea
EXP Realty, LLC
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# NJBL2084318
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.
EXP Realty, LLC
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# NJBL2084318
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