Multi-Building Mixed-Use
For Sale
$2,599,000
1200-1208 Hamilton Avenue Trenton, Trenton, NJ 08629
Multi-building site with 15 residential units, two storefronts, and a large parking lot.
Property Size11,831 SF
Price / SF$219.68
Days on Market96
Property Features for 1200-1208 Hamilton Avenue Trenton
General Information
Standard status
Active
Size
11,831 SF
Total Parking Spaces
20
Zoning
Mixed
Additional Details
Multifamily Units
15
Taxes and HOA fees
Annual Taxes
$43,896
Amenities
See Remarks
true
2
Public
20
200.00 x 90.00
11831
Building Details
Building Size
11,831 SF
Year Built
1950
Stories
2
Listed By:
Steven Bonavita · License #1429895
(732) 991-3166
Source:
Sbonavita.remax
Added: Jul 10
Changed: Aug 8
Last Checked: Oct 7 at 10:01AM
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 Steven Bonavita
Investment Insights
Based on property information with market context.
This multi-building mixed-use site at 1200-1208 Hamilton Avenue includes 15 residential units and two commercial storefront spaces, supported by a large on-site parking lot across four blocks and lots. The residential units are described as well maintained in the available remarks.
Located in Trenton, NJ, the property’s storefront components are designed to serve street-facing retail use, while the parking area provides on-site capacity for residents and storefront visitors.
Overall, the configuration supports a combined residential income and retail storefront setup within one multi-building portfolio.
Located in Trenton, NJ, the property’s storefront components are designed to serve street-facing retail use, while the parking area provides on-site capacity for residents and storefront visitors.
Overall, the configuration supports a combined residential income and retail storefront setup within one multi-building portfolio.
Key Highlights
- Multi‑building site with 15 residential units plus 2 commercial storefronts
- Large parking lot with total of 20 parking spaces
- Lot size 200.00 x 90.00 on a 4‑block site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$180,571
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,611,420
$3.6M
Cap Rate 7%
$2,579,586
$2.6M
Cap Rate 9%
$2,006,344
$2.0M
Market Conditions
NOI Build-Up for 11,831 SF
Gross rent
$354.9K $30.00/SF
− Vacancy
−$26.6K −$2.25/SF
EGI
$328.3K $27.75/SF
− OpEx
−$147.7K −$12.49/SF
NOI
$180.6K $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%
$3,611,420
Cap Rate 7%
$2,579,586
Cap Rate 9%
$2,006,344
Alternative Uses
Best Use
Apartment 5plus
$2.58M
$2.26M – $3.01M
NOI $180,571 @ 7.0% cap · market cap 6.95%
Second Best
Retail
$2.53M
$2.21M – $2.95M
NOI $176,921 @ 7.0% cap · market cap 6.81%
Theoretical Best
Warehouse
$3.81M
$3.33M – $4.44M
NOI $266,453 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
15
Residential units
Location Intelligence
Trade Area within ½ mile
1,043
Businesses Nearby
Explore this area
Business Placement
Demographics for 08629, NJ
13,359
Population
4,559
Households
2.9
Avg Household Size
34
Median Age
15%
College-Educated
75%
High-School Grad
0.8 sq mi
ZIP Area
16,699
Density / Sq Mi
$81,367
Median Household Income
$39,278
Median Earnings
$1,263
Median Rent
$149,000
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?
Mixed-use property - Multi-building site with 15 residential units, two storefronts, and a large parking lot.
Where is this mixed-use property located?
The property is located at 1200-1208 Hamilton Avenue Trenton Trenton, NJ.
What is the asking price?
The asking price for this property is $2,599,000.
What are key features of this property?
This property features: Multi‑building site with 15 residential units plus 2 commercial storefronts; Large parking lot with total of 20 parking spaces; Lot size 200.00 x 90.00 on a 4‑block site
