332 ELMER Street, Trenton, NJ 08611
MULTI_FAMILY - TRENTON, NJ
- Added:
- Apr 1, 2026
- Days on Market:
- 98
- Last Refresh:
- Jul 7 at 8:06 pm
Property Features for 332 ELMER Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,488 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4098
Utilities
- Heating system
- Baseboard, Hot Water(Heating)
Building Details
- Year built
- 1980
- Number of units
- 2
- Building materials
- Brick
Listing agent Nona Kulikova License #566637 (201) 233-1908
Listing office Keller Williams Premier 2370 Route 33 Highway, Moorestown, NJ (609) 459-5100
Listing date Apr 1, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two‑family brick building in the Chambersburg section of Trenton
- Second‑floor 2‑bedroom unit is currently rented for $1,300
- First‑floor 1–2 bedroom apartment is currently vacant
- All separate utilities
- Year built: 1980
- Hot water heating with baseboard; on‑street parking
Overview
Located at 332 Elmer Street in Trenton’s Chambersburg section of Mercer County, the property is positioned for buyers looking for a residence with rental income from the second unit. The current configuration supports an owner-occupant scenario where one unit can be lived in while the other provides ongoing rental revenue.
For investors, the building presents a straightforward duplex setup with separate utilities and one unit presently ready for occupancy or updating. For first-time buyers, the current vacancy on the first floor can allow a buyer to tailor that unit for their own use while relying on the second unit’s existing tenancy. The as-is condition should be considered for buyers planning renovations or light-to-moderate improvements.
Local Financial Insights For Multifamily LT 5
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 | $40.2k | $27.00 |
| − Vacancy | −$2.6k | −$1.76 |
| EGI | $37.6k | $25.25 |
| − OpEx | −$11.3k | −$7.57 |
| NOI | $26.3k | $17.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Trenton
- County
- Mercer
- State
- New Jersey
- Longitude
- -74.7495346
- Latitude
- 40.2130241
