Two-Unit Residential Income
124 Nassau Street Trenton, NJ 08638
124 Nassau Street, Trenton, NJ, 08638
$264,900
For Sale
$264,900
Two separate units offer flexible occupancy or rental options with separate utilities for each unit.
Property Size1,590 SF
Price / SF$166.60
Days on Market45
Property Features for 124 Nassau Street
General Information
- Standard status
- Active
- Size
- 1,590 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing Agency
Keller Williams Realty
(609) 556-3155
Listed by
Janeira Charles · License #2081974
(609) 556-3155
Source
Compass
Added: Jun 3 Checked: Jul 17 at 3:32 am
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This well-maintained two-family duplex includes two separate units. Unit 1 has two bedrooms and one bathroom and is described as currently rented for $1,400. Unit 2 has three bedrooms and one bathroom and is currently vacant, with separate utilities for each unit. The property is being sold strictly as-is, with the buyer responsible for all inspections and certifications.
The property is located in Trenton in Mercer County. Transportation and access are supported by nearby public transit options, including a bus stop less than one mile, and commuter rail and lots within five miles. The listing also notes proximity to an airport under 10 miles, along with access to shopping and dining.
For buyers seeking residential income or flexible living arrangements, the duplex layout allows one unit to be owner-occupied while the other supports rental income. The presence of separate utilities may help simplify tenant billing and unit-level management. Buyers should factor in the as-is condition and plan for due diligence accordingly.
The property is located in Trenton in Mercer County. Transportation and access are supported by nearby public transit options, including a bus stop less than one mile, and commuter rail and lots within five miles. The listing also notes proximity to an airport under 10 miles, along with access to shopping and dining.
For buyers seeking residential income or flexible living arrangements, the duplex layout allows one unit to be owner-occupied while the other supports rental income. The presence of separate utilities may help simplify tenant billing and unit-level management. Buyers should factor in the as-is condition and plan for due diligence accordingly.
Key Highlights
- Two‑family home built in 1920 with 2 separate units in Trenton City (21111)
- Unit 1: 2 bed, 1 bath rented for $1,400
- Unit 2: 3 bed, 1 bath is vacant with separate utilities for each unit
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 - Two separate units offer flexible occupancy or rental options with separate utilities for each unit.
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 built in 1920 with 2 separate units in Trenton City (21111); Unit 1: 2 bed, 1 bath rented for $1,400; Unit 2: 3 bed, 1 bath is vacant with separate utilities for each unit
