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    Mixed-Use Investment Opportunity, Trenton Title is generated by Realmo AI

    9 E STATE Street, Trenton, NJ 08608

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    For Sale
    $300,000

    MULTI_FAMILY - Colonial - TRENTON, NJ

    Property size:
    3,144 SF
    Lot size:
    0.02 Acres
    Price / SF:
    $95/SF
    Added:
    Nov 5, 2025
    Days on Market:
    192
    Last Refresh:
    May 16 at 11:06 am

    Property Features for 9 E STATE Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    On Street
    Standard status
    Active
    Size
    3,144 SF
    Lot size
    0.02 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6680

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Number of units
    4
    Building materials
    Frame
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Senol Onal

    Listing agent Senol Onal License #0340112

    Listing office RE/MAX Properties 210 Penns Trail unit: 100, Newtown, NJ

    Listing date Nov 5, 2025

    MLS# NJME2069362 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

    • Immediate rental income: Leased commercial space at $2,000/month through February 2026.
    • Approved architectural plans for renovating three residential units, increasing property value.
    • Preliminary city approval for plans including a sprinkler system, eliminating the need for a fire escape.
    • Desirable downtown Trenton location with strong income‑generating potential after residential renovations.
    • Commercial space includes a large storage area, newer HVAC system, and basement access.
    • Mixed‑use property with both residential and commercial units.

    Overview

    This mixed-use property in downtown Trenton presents a prime investment opportunity, featuring three residential units and one commercial space. The three residential units are currently vacant and require a full renovation. Architectural drawings are prepared, and the City has given preliminary approval for the plans, including a sprinkler system to eliminate the need for a fire escape. The commercial unit on the first floor is currently leased at $2,000 per month through February 2026, providing immediate rental income. The commercial space includes a large storage area, a newer heating and air conditioning system, and access to a full basement. The property, with a size of 3144 square feet and a lot size of 0.0194 acres, is being sold AS-IS. Buyer is responsible for the Certificate of Occupancy (C.O.). Once the residential units are completed, this property has strong income-generating potential in a desirable location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Christian Science Reading ... Church Quick Sub Mini ... Grocery & Convenience Store First Church of Christ, ... Church

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Trenton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.76641
    Latitude
    40.22017

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with income potential in downtown Trenton.
    Where is this mixed-use property located?
    The property is located at 9 E STATE Street Trenton, NJ.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Immediate rental income: Leased commercial space at $2,000/month through February 2026.; Approved architectural plans for renovating three residential units, increasing property value.; Preliminary city approval for plans including a sprinkler system, eliminating the need for a fire escape.
    (267) 249-9522
    We can help!
    Listing Contact
    Senol Onal
    Real Estate License ID: 0340112
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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