Duplex with Unfinished
For Sale
$240,000
113 Columbia Ave, Trenton, NJ 08618
Four-bedroom residential property with a fireplace and unfinished lower-level space.
Property Size1,333 SF
Price / SF$180.05
Days on Market76
Property Features for 113 Columbia Ave
General Information
Standard status
Active
Size
1,333 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1925
Listing Agency:
Burke&Manna Real Estate Agency
Listed By:
Curran Group
(732) 359-3203
Source:
Currangrp
Added: Jul 30
Changed: Oct 10
Last Checked: Oct 12 at 8:05PM
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 Burke&Manna Real Estate Agency
Investment Insights
Based on property information with market context.
Built in 1925, this duplex includes four bedrooms, one and one-half baths, generous living areas, and a fireplace. An unfinished basement provides additional interior space for storage or future improvement, subject to applicable requirements.
The property is located at 113 Columbia Ave in Trenton, New Jersey, within ZIP code 08618.
The property is located at 113 Columbia Ave in Trenton, New Jersey, within ZIP code 08618.
Key Highlights
- Duplex configuration with 4 bedrooms and 1.5 baths
- Unfinished basement offers additional interior space
- Fireplace included in the living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,345
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,900
$406.9K
Cap Rate 7%
$290,643
$290.6K
Cap Rate 9%
$226,056
$226.1K
Market Conditions
NOI Build-Up for 1,333 SF
Gross rent
$40.0K $30.00/SF
− Vacancy
−$3.0K −$2.25/SF
EGI
$37.0K $27.75/SF
− OpEx
−$16.6K −$12.49/SF
NOI
$20.3K $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%
$406,900
Cap Rate 7%
$290,643
Cap Rate 9%
$226,056
Alternative Uses
Best Use
Multifamily LT 5
$336.5K
$294.5K – $392.6K
NOI $23,556 @ 7.0% cap · market cap 9.82%
Second Best
Apartment 5plus
$290.6K
$254.3K – $339.1K
NOI $20,345 @ 7.0% cap · market cap 8.48%
Theoretical Best
Warehouse
$428.9K
$375.3K – $500.4K
NOI $30,021 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Explore this area
Business Placement
Demographics for 08618, NJ
37,544
Population
15,284
Households
2.5
Avg Household Size
34
Median Age
24%
College-Educated
86%
High-School Grad
5.9 sq mi
ZIP Area
6,363
Density / Sq Mi
$48,179
Median Household Income
$33,040
Median Earnings
$1,117
Median Rent
$211,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Four-bedroom residential property with a fireplace and unfinished lower-level space.
Where is this duplex located?
The property is located at 113 Columbia Ave Trenton, NJ.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Duplex configuration with 4 bedrooms and 1.5 baths; Unfinished basement offers additional interior space; Fireplace included in the living areas
