Well-Maintained Two-Unit
124 NASSAU Street Trenton, NJ 08638
124 NASSAU Street, Trenton, NJ, 08638
$264,900
For Sale
$264,900
MULTI_FAMILY - Colonial - TRENTON, NJ
Property Size1,590 SF
Lot Size0.05 Acres
Price / SF$166.60
Days on Market47
Property Features for 124 NASSAU Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Appliances
- Refrigerator, Stove
- Standard status
- Active
- Size
- 1,590 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4223
Utilities
- Heating system
- Other (Heating)
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Aluminum Siding
- Architectural style
- Colonial
Listing Agency
Keller Williams Realty
(856) 321-1212
409 Marlton Pike, Cherry Hill, NJ
Listed by
Janeira Charles · License #2081974
(609) 556-3155
Added: Jun 5 Updated: Jul 2 at 1:50 pm Checked: Jul 21 at 12:06 am
MLS# NJME2077356
Listing URL
Copyright © 2026 Bright 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 well-maintained duplex offers two separate units in a two-family configuration, providing an owner with multiple income streams and flexible use options. The units are supported by separate utilities for each unit. The property is being sold strictly as-is, with the buyer responsible for all inspections and certifications. Delivery is scheduled as vacant and cleaned prior to closing.
Located in Trenton, the property is described as being near major highways, a hospital, public transportation, and shopping and dining. While those nearby amenities are listed as part of the location appeal, specific distances and traffic details are not provided.
For investors or owner-occupants, the two-unit layout and separate utilities are practical features for managing the property as two distinct rental spaces. Buyers should plan for due diligence and inspections since the sale is as-is, and should confirm final details for unit readiness and certification requirements during the purchasing process.
Located in Trenton, the property is described as being near major highways, a hospital, public transportation, and shopping and dining. While those nearby amenities are listed as part of the location appeal, specific distances and traffic details are not provided.
For investors or owner-occupants, the two-unit layout and separate utilities are practical features for managing the property as two distinct rental spaces. Buyers should plan for due diligence and inspections since the sale is as-is, and should confirm final details for unit readiness and certification requirements during the purchasing process.
Key Highlights
- Two‑family home in Trenton
- Colonial architectural style with aluminum siding; built in 1920
- Includes refrigerator and stove
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.7k | $30.00 |
| − Vacancy | −$3.6k | −$2.25 |
| EGI | $44.1k | $27.75 |
| − OpEx | −$19.9k | −$12.49 |
| NOI | $24.3k | $15.26 |
1,590 SF · lease $30.00/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$401.4K
$351.2K – $468.3K
NOI $28,098 @ 7.0% cap · market cap 10.61%
Second Best
Apartment 5plus
$346.7K
$303.3K – $404.5K
NOI $24,267 @ 7.0% cap · market cap 9.16%
Theoretical Best
Warehouse
$511.6K
$447.6K – $596.8K
NOI $35,809 @ 7.0% cap · market cap 13.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two separate units and utilities, sold as-is and delivered vacant and cleaned prior to closing.
Where is this duplex located?
The property is located at 124 NASSAU Street Trenton, NJ.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Two‑family home in Trenton; Colonial architectural style with aluminum siding; built in 1920; Includes refrigerator and stove
