Duplex Home with Wooded
For Sale
$369,900
101 Meadowlark Drive, Hamilton, NJ 08690
DUPLEX - Ranch, Craftsman - Hamilton, NJ
Property Size1,299 SF
Lot Size0.09 Acres
Price / SF$284.76
Days on Market33
Property Features for 101 Meadowlark Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Laundry Room, Bathroom 1, Bedroom 2, Laundry Room, Dining Room
Parking features
Driveway
Patio and Porch features
Patio, Porch
Directions
Rt. 33 to Whitehorse Hamilton Sq Rd to Clubhouse Dr to Nightingale to Meadowlark
Standard status
Active
APN
03-02167-01-00103
Size
1,299 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7182
HOA Fee
$210 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
indoor pool
club house
fitness center
tennis / pickleball
shuffleboard
bocci ball
horseshoes
Building Details
Year built
2000
Floors in Building
1
Roof type
Shingle
Architectural style
Craftsman, Ranch
Listing Agency:
Keller Williams Premier Office · Keller Williams Realty
(609) 459-5100
Listed By:
Andrew J Usmiani · License #123456
(609) 459-5100
Added: Jul 25
Changed: Aug 7
Last Checked: Aug 26 at 2:06PM
MLS# 22622790
Copyright © 2026 More MLS. 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.
Welcome to Evergreen, an active adult 55+ community, and this ranch-craftsman duplex home offering a covered front porch at the end of a quiet street with wooded views. Inside, an open living room and dining room connect to a bright eat-in kitchen with its own patio door. A laundry room sits along the hallway, with a primary bedroom suite and a large second bedroom further back. The primary bedroom includes a tray ceiling, a walk-in closet, and a full bath. Enjoy a private patio and low-maintenance living, with the HOA covering lawn care and snow removal plus community amenities.
The home includes an oversized attached garage with attic storage, central air conditioning, forced-air natural gas heating, and public sewer. The roof is described as three years young. Community amenities include an indoor pool, clubhouse, fitness center, tennis/pickleball, shuffleboard, bocci ball, horseshoes, and year-round activities. Veterans Park is across the street with trails, lake, wooded lands, open fields, and wildlife.
The home includes an oversized attached garage with attic storage, central air conditioning, forced-air natural gas heating, and public sewer. The roof is described as three years young. Community amenities include an indoor pool, clubhouse, fitness center, tennis/pickleball, shuffleboard, bocci ball, horseshoes, and year-round activities. Veterans Park is across the street with trails, lake, wooded lands, open fields, and wildlife.
Key Highlights
- 0.09‑acre lot and 1,299 SF duplex home built in 2000
- End‑of‑street setting with wooded views
- Covered front porch plus a private patio
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,955
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$459,100
$459.1K
Cap Rate 7%
$327,929
$327.9K
Cap Rate 9%
$255,056
$255.1K
Market Conditions
NOI Build-Up for 1,299 SF
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.
Gross rent
$35.1K $27.00/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$32.8K $25.25/SF
− OpEx
−$9.8K −$7.57/SF
NOI
$23.0K $17.67/SF
Area
Mercer County, NJ
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$459,100
Cap Rate 7%
$327,929
Cap Rate 9%
$255,056
Alternative Uses
Best Use
Multifamily LT 5
$327.9K
$286.9K – $382.6K
NOI $22,955 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$283.2K
$247.8K – $330.4K
NOI $19,826 @ 7.0% cap · market cap 5.36%
Theoretical Best
Warehouse
$417.9K
$365.7K – $487.6K
NOI $29,256 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Explore this area
Business Placement
Demographics for 08690, NJ
19,470
Population
8,068
Households
2.4
Avg Household Size
47
Median Age
45%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
2,781
Density / Sq Mi
$122,665
Median Household Income
$65,581
Median Earnings
$1,561
Median Rent
$362,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Ranch-Craftsman duplex with covered porch, attached oversized garage, and central air in an active adult community.
Where is this duplex located?
The property is located at 101 Meadowlark Drive Hamilton, NJ.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 0.09‑acre lot and 1,299 SF duplex home built in 2000; End‑of‑street setting with wooded views; Covered front porch plus a private patio
