PENNINGTON, NJ 08534 Pennington, NJ 08534
SINGLE_FAMILY - PENNINGTON, NJ
- Added:
- Feb 5, 2026
- Days on Market:
- 155
- Last Refresh:
- Jul 10 at 9:06 pm
Property Features
General Information
- Property type
- Residential
- Property subtype
- Other
- Standard status
- Active
- Size
- 6,236 SF
- Lot size
- 0.13 Acres
Building Details
- Year built
- 1900
Listing agent Gough "Winn" Thompson License #900694 (609) 468-3838
Listing office BHHS Fox & Roach Hopewell Valley NJ (609) 737-9100
Listing date Feb 5, 2026
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- Historic mixed‑use building in the center of Pennington Borough offering owner‑user and investment appeal.
- First floor (2,968 SF) is handicap accessible and suitable for retail or office use, with potential for subdivision.
- Second and third floors (3,268 SF) are fully leased long‑term to a prominent architectural firm, providing existing income.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $139.9k | $22.44 |
| − Vacancy | −$6.7k | −$1.08 |
| EGI | $133.2k | $21.36 |
| − OpEx | −$40.0k | −$6.41 |
| NOI | $93.3k | $14.95 |