Two Houses on Double
46-50 MORGAN Avenue, Hamilton, NJ 08619
MULTI_FAMILY - HAMILTON, NJ
Property size:
2,201 SFLot size:
0.24 AcresPrice / SF:
$283/SF- Added:
- May 4, 2026
- Days on Market:
- 18
- Last Refresh:
- May 21 at 8:06 pm
Property Features for 46-50 MORGAN Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 5
- Parking features
- On Street, Garage - Detached, Driveway
- Standard status
- Active
- Size
- 2,201 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8528
Utilities
- Heating system
- Baseboard, Hot Water(Heating), Other (Heating)
Building Details
- Year built
- 1930
- Number of units
- 2
- Building materials
- Frame, Aluminum Siding
Listing agent Marian R Conte License #7835196 (609) 947-4222
Listing office DiDonato Realty Company Inc 2801 Nottingham Way, Hamilton, NJ (609) 586-2344
Listing date May 4, 2026
MLS# NJME2076380
Listing URL
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 Single Family Houses on a Double Lot: Ideal for investors, owner‑occupants, or multi‑generational living.
- Convenient Location: Minutes from Hamilton Train Station and major highways (295, 195, Route 1).
- #46 - Large 2.5 Story House: Features a spacious eat‑in kitchen, new flooring, fresh paint, 3 bedrooms, full bathroom, and walk‑up attic.
- #50 - Renovated Ranch: Includes an enclosed sunporch, new carpeting, recessed lighting, a large bedroom, and an eat‑in kitchen.
- Separate Utilities: Each house has separate gas and electric service.
- Ample Parking: Detached garage, driveway, and on‑street parking available.
Overview
Located in Hamilton Township, Mercer County, New Jersey, this unique property features two single-family houses situated on a 100' x 106' double lot. The first house, located at #46, is a large 2.5-story home with an enclosed front porch, an immense living room, and a formal dining room. The eat-in kitchen has ample cabinet space, a pantry, and comes with all appliances. The first level features new natural wood-look floors and fresh paint. The second floor includes three bedrooms, a full bathroom, and a walk-up staircase to a floored attic suitable for storage or finishing. The property also has a full basement with walk-out access to the side yard, a partially fenced lot, a detached garage, and a driveway with space for multiple cars. The second house, located at #50, is a renovated ranch with an enclosed sunporch, a living room, a large bedroom, and an eat-in kitchen. It features new carpeting and recessed lighting throughout. Each house has separate gas and electric service. The property is located within minutes of the Hamilton Train Station and major highways, including 295, 195, and Route 1. The total property size is 2201 square feet and the lot size is 0.2433 acres.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$432.2K
NOI $38,895 @ 9.00% cap · cautious / downside scenario
Moderate
$555.6K
NOI $38,895 @ 7.00% cap · market / base-case scenario
Aggressive
$777.9K
NOI $38,895 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.4k | $27.00 |
| − Vacancy | −$3.9k | −$1.76 |
| EGI | $55.6k | $25.25 |
| − OpEx | −$16.7k | −$7.57 |
| NOI | $38.9k | $17.67 |
2,201 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$555.6K
$486.2K – $648.3K
NOI $38,895 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$479.9K
$419.9K – $559.9K
NOI $33,593 @ 7.0% cap · market cap 5.37%
Theoretical Best
Warehouse
$708.1K
$619.6K – $826.2K
NOI $49,570 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Hamilton
- County
- Mercer
- State
- New Jersey
- Longitude
- -74.71137
- Latitude
- 40.23857
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two single-family houses on a double lot in Hamilton, NJ.
Where is this duplex located?
The property is located at 46-50 MORGAN Avenue Hamilton, NJ.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two Single Family Houses on a Double Lot: Ideal for investors, owner‑occupants, or multi‑generational living.; Convenient Location: Minutes from Hamilton Train Station and major highways (295, 195, Route 1).; #46 - Large 2.5 Story House: Features a spacious eat‑in kitchen, new flooring, fresh paint, 3 bedrooms, full bathroom, and walk‑up attic.
