$260,000
●
House -
Off Market
83 RIDGEWOOD AVE
EWING, NJ 08618
4 Beds
2 Baths
1,224 Ft²
$336,963
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model
About This Property
Walking distance to TCNJ. Rented to college students through
June 2022 at $2625 per month. Seller will transfer with the
existing lease together with the following year lease so the new
owner can continue as investor non-owner occupant. Tenants
pay gas, electric, and water. Landlord pays sewer,
taxes, lawn and snow removal. One-month security. Plenty of
off-street parking. Hardwood, tile, and laminate floors. Gas heat
and central air. Enclosed porch in back. Low maintenance exterior.
Unfinished basement.
Unit Size
1,224 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$216
Property Type
House
Property Taxes
$551
HOA Dues
-
Year Built
1950
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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: 4 years ago (Bright MLS #NJME306104)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 25, 2021 | Sold | ||
| Sold | |||
| Dec 21, 2020 | Listed by David DePaola and Company Real Estate | $264,900 | |
| Listed by David DePaola and Company Real Estate | |||
| Dec 23, 2013 | Sold | ||
| Sold | |||
| Aug 24, 2013 | Listed by Action USA Market Realtors | $189,900 | |
| Listed by Action USA Market Realtors | |||
| | |||
|
JUST MOVE IN! Completely Renovated 3+ Bedroom New England Cape backing up to Woods on a professionally landscaped lot. Bonus Room could easily be converted into 4th Bedroom. This terrific home features an enclosed Sun Porch with vaulted ceiling and recessed lighting, a New Dream Kitchen with granite counter tops, recessed lighting, under cabinet lighting, dishwasher, gas range and built-in microwave oven. New Roof, Refinished Hardwood Floors on 1st floor, new wall to wall carpeting, new recessed lighting in living room and 2nd floor, hardwired smoke & carbon monoxide detectors, full basement with new replacement windows & so much more. Close proximity to College of NJ, Shopping & I-95. A Real Pleasure to See!
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Mercer
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Listed by: David DePaola
David DePaola and Company Real Estate
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# NJME306104
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.
David DePaola and Company Real Estate
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# NJME306104
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017