Residential Income Property with
New
For Sale
$450,000
103 SEQUOIA COURT #7, Princeton, NJ 08540
A second-floor, single-level layout features an updated kitchen and a private balcony.
Property Size1,210 SF
Price / SF$371.90
Days on Market2
Property Features for 103 SEQUOIA COURT #7
General Information
Standard status
Active
Size
1,210 SF
Property subtype
Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
swimming pool
playground
in-unit laundry
Building Details
Year Built
1990
Listing Agency:
EXP Realty, LLC
(866) 201-6210
Listed By:
Timothy Christopher Crew · License #1433029
(609) 647-6838
Source:
Cummingsrealtors
Added: Oct 16
Last Checked: Oct 16 at 2:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,210-square-foot Cloister model is a two-bedroom, two-bath condo on the second floor, built in 1990. Its living and dining areas share a two-sided wood-burning fireplace, and sliding doors open to a private balcony with an exterior storage closet. The updated eat-in kitchen has granite countertops and a separate balcony entrance. The primary suite includes a walk-in closet and a private bath with a double-sink vanity; a second full bath and in-unit laundry complete the layout.
Residents have access to a community pool, playground, and parking. The property has a Princeton mailing address and is within the West Windsor-Plainsboro Regional School District. The train station, MarketFair, downtown Princeton, shopping, dining, major highways, and the D&R Canal trail are nearby.
Residents have access to a community pool, playground, and parking. The property has a Princeton mailing address and is within the West Windsor-Plainsboro Regional School District. The train station, MarketFair, downtown Princeton, shopping, dining, major highways, and the D&R Canal trail are nearby.
Key Highlights
- Two‑bedroom, two‑bath Cloister model with 1,210 square feet
- Second‑floor condo built in 1990
- Two‑sided wood‑burning fireplace between living and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,468
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,360
$369.4K
Cap Rate 7%
$263,829
$263.8K
Cap Rate 9%
$205,200
$205.2K
Market Conditions
NOI Build-Up for 1,210 SF
Gross rent
$36.3K $30.00/SF
− Vacancy
−$2.7K −$2.25/SF
EGI
$33.6K $27.75/SF
− OpEx
−$15.1K −$12.49/SF
NOI
$18.5K $15.26/SF
Area
Mercer County, NJ
Vacancy
7.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,360
Cap Rate 7%
$263,829
Cap Rate 9%
$205,200
Alternative Uses
Best Use
Apartment 5plus
$263.8K
$230.9K – $307.8K
NOI $18,468 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$389.3K
$340.6K – $454.2K
NOI $27,251 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
Explore this area
Business Placement
Demographics for 08540, NJ
48,216
Population
19,255
Households
2.5
Avg Household Size
41
Median Age
82%
College-Educated
98%
High-School Grad
51.7 sq mi
ZIP Area
933
Density / Sq Mi
$169,898
Median Household Income
$80,357
Median Earnings
$2,083
Median Rent
$723,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - A second-floor, single-level layout features an updated kitchen and a private balcony.
Where is this residential income property located?
The property is located at 103 SEQUOIA COURT #7 Princeton, NJ.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath Cloister model with 1,210 square feet; Second‑floor condo built in 1990; Two‑sided wood‑burning fireplace between living and dining areas
