Duplex with Attached
For Sale
$369,900
101 Meadowlark Drive, Hamilton, NJ 08690
Residential, Duplex, Hamilton, NJ
Property Size1,299 SF
Lot Size0.09 Acres
Price / SF$284.76
Days on Market57
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, Laundry Room, Bathroom 1, Bedroom 2, Bathroom 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
year-round community activities
Building Details
Year built
2000
Floors in Building
1
Roof type
Shingle
Architectural style
Ranch, Craftsman
Listing Agency:
Keller Williams Premier Office · Keller Williams Realty
(609) 459-5100
Listed By:
Andrew J Usmiani · License #123456
(609) 847-9963
Added: Jul 25
Changed: Sep 13
Last Checked: Sep 19 at 1:06AM
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.
This 1,299-square-foot ranch-style duplex property, built in 2000, features an open living and dining arrangement, an eat-in kitchen, two bedrooms, two bathrooms, and a dedicated laundry room. The primary suite includes a tray ceiling, walk-in closet, and private full bathroom. Additional improvements include an attached oversized garage with attic storage, a covered front porch, and a patio. Heating is provided by natural gas and forced air, with central air conditioning, a shingle roof, public sewer, and driveway parking.
The property is part of an active 55+ community in Hamilton, with HOA-covered lawn care and snow removal. Community amenities include an indoor pool, clubhouse, fitness center, tennis and pickleball courts, shuffleboard, bocce ball, horseshoes, and year-round activities. Veterans Park is located across the street and offers trails, a lake, wooded areas, open fields, and wildlife. The property is also near RWJ Barnabas Hospital, medical offices, transportation, shops, restaurants, and stores.
The property is part of an active 55+ community in Hamilton, with HOA-covered lawn care and snow removal. Community amenities include an indoor pool, clubhouse, fitness center, tennis and pickleball courts, shuffleboard, bocce ball, horseshoes, and year-round activities. Veterans Park is located across the street and offers trails, a lake, wooded areas, open fields, and wildlife. The property is also near RWJ Barnabas Hospital, medical offices, transportation, shops, restaurants, and stores.
Key Highlights
- 1,299 square feet with two bedrooms and two bathrooms
- Built in 2000 with a shingle roof that is 3 years young
- Attached oversized garage with attic storage and driveway parking
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
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Current Use
Lease Details
1
Residential units
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Ranch-style property in a 55+ community with open living areas, private outdoor space, and access to extensive shared amenities.
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: 1,299 square feet with two bedrooms and two bathrooms; Built in 2000 with a shingle roof that is 3 years young; Attached oversized garage with attic storage and driveway parking
