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    Property profile & analytics

    1871 Pennington Rd Ewing, NJ 08618-1208

    • Residential income homes
    • 6,331 SF
    • 0.63 lot acres
    OFF-MARKET
    Value Estimation
    $520,000
    Last Sale
    Jun 17, 2020
    $525,000
    Location Intelligence
    Property ID
    US59-1539011
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Mansion Student Housing / Student Dormitory

    Property Details for 1871 Pennington Rd

    Year built
    1960
    Construction
    FRAME
    Lot size
    0.63 lot acres
    Property size
    6,331 SF
    Zone code
    R-2
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    02 00259-0000-00019
    APU
    200259000000019

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $520,000

    • CAP approach

      CAP return
      Estimation
      6%
      $510,000
      6.5%
      $490,000
      7%
      $535,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $475,000
      Geo Method
      $520,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $550,000
      Retail
      $565,000
      Mixed-Use
      $555,000
      Hospitality
      $555,000
      Educational
      $550,000
      Residential Income
      $585,000
      Energy
      $575,000
      Income-Based Land
      $435,000
      Food Service
      $595,000

    Location Insight

    • Map
    • Local Demand
    City
    Ewing
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.7821
    Latitude
    40.2629
    CBSA code
    45940
    CBSA name
    TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $3,788
    $95,300
    $1,180,700
    $1,276,000
    -
    $95,300
    $1,180,700
    $1,276,000

    Comparable in this City

    • Value Estimation by Request
      24,507 SF

      150 Oakland St

      APARTMENT HOUSE (UNDER 5 UNITS) • 24,507 SF
      150 Oakland St, Trenton, NJ 08618-3524
      View Details
    • Value Estimation
      $465,000
      2,427 SF

      36 Broad Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,427 SF
      36 Broad Ave, Ewing, NJ 08618-1604
      View Details
    • Value Estimation
      $375,000
      6,668 SF

      694 Rutherford Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,668 SF
      694 Rutherford Ave, Trenton, NJ 08618-4460
      View Details
    • Value Estimation by Request
      2.33 Acres

      333 State St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2.33 Acres
      333 State St, Trenton, NJ 08618-5722
      View Details
    • Value Estimation
      $140,000
      3,780 SF

      1895 Pennington Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,780 SF
      1895 Pennington Rd, Ewing, NJ 08618-1209
      View Details
    • Value Estimation
      $480,000
      15,900 SF

      583 Bellevue Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 15,900 SF
      583 Bellevue Ave, Trenton, NJ 08618-4436
      View Details

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    Similar Nearby for Lease

    • $26 SF/Yr
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      Retail Center Near TCNJ Campus

      83,000 SF retail center with direct access to TCNJ.
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    • Contact for pricing
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      Office and retail spaces available for lease in Ewing.
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      View Details
    • $12 SF/Yr
      37,500 SF

      Ewing Warehouse with Built-Out Office

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      View Details
    • $16 SF/Yr
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      Ewing Retail Space For Lease

      Retail spaces available in active Ewing Square Shopping Center.
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      View Details
    • $9,253 /Mo

      Ewing Warehouse/Office Space Available

      7,931 SF warehouse/office space for lease in Ewing, NJ.
      31 Lexington St, Ewing, NJ 08618
      View Details
    • $21 SF/Yr
      40,000 SF

      Prime Trenton Executive Office Space

      40,000 SF Office Building Available
      221 Hanover St, Trenton, NJ 08618
      View Details
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    Ewing, NJ 08618-1208
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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