First-Floor One-Bedroom
New
For Sale
$238,500
1106 SILVER COURT, Hamilton, NJ 08690
A private patio, basement storage, and HOA-covered household services add practical features to this residential unit.
Property Size852 SF
Price / SF$279.93
Days on Market4
Property Features for 1106 SILVER COURT
General Information
Standard status
Active
Size
852 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Building Details
Year Built
1981
Listing Agency:
Smires & Associates
(609) 259-1414
Listed By:
Michael Jude Fitzpatrick
(609) 213-8474
Source:
Cummingsrealtors
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 25 at 2:48AM
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 Smires & Associates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This first-floor, one-bedroom condo contains 852 square feet and was built in 1981. Interior details include hardwood floors, updated countertops, fresh paint, and sliding glass doors leading from the living room to a private patio. A separate storage locker is located in the basement.
The HOA covers heat, hot water, lawn maintenance, trash, snow removal, and upkeep of the common areas. The property is at 1106 Silver Court in Hamilton, New Jersey.
The HOA covers heat, hot water, lawn maintenance, trash, snow removal, and upkeep of the common areas. The property is at 1106 Silver Court in Hamilton, New Jersey.
Key Highlights
- First‑floor condo with one bedroom and 852 square feet
- Private patio accessed from the living room through sliding glass doors
- Basement storage locker
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,004
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,080
$260.1K
Cap Rate 7%
$185,771
$185.8K
Cap Rate 9%
$144,489
$144.5K
Market Conditions
NOI Build-Up for 852 SF
Gross rent
$25.6K $30.00/SF
− Vacancy
−$1.9K −$2.25/SF
EGI
$23.6K $27.75/SF
− OpEx
−$10.6K −$12.49/SF
NOI
$13.0K $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%
$260,080
Cap Rate 7%
$185,771
Cap Rate 9%
$144,489
Alternative Uses
Best Use
Apartment 5plus
$185.8K
$162.6K – $216.7K
NOI $13,004 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$274.1K
$239.9K – $319.8K
NOI $19,188 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
943
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
Frequently Asked Questions
What type of property is this?
Residential income property - A private patio, basement storage, and HOA-covered household services add practical features to this residential unit.
Where is this residential income property located?
The property is located at 1106 SILVER COURT Hamilton, NJ.
What is the asking price?
The asking price for this property is $238,500.
What are key features of this property?
This property features: First‑floor condo with one bedroom and 852 square feet; Private patio accessed from the living room through sliding glass doors; Basement storage locker
