Triplex with Unfinished
For Sale
$359,000
126 Jackson Street, Trenton, NJ 08611
MULTI_FAMILY - Trenton, NJ
Property Size1,638 SF
Lot Size0.06 Acres
Price / SF$219.17
Days on Market25
Property Features for 126 Jackson Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Basement
Directions
Off of Market St
Standard status
Active
APN
11-09602-0000-00016
Size
1,638 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9247
Utilities
Sewer type
Public Sewer
Heating system
Oil
Cooling system
Multi Units
Water source
Public
Building Details
Year built
1866
Floors in Building
2
Number of units
3
Listing Agency:
Realty One Group Emerge
(732) 449-2900
Listed By:
Ankur Kapoor · License #2321475
(732) 449-2900
Added: Jul 29
Changed: Aug 12
Last Checked: Aug 22 at 6:06PM
MLS# 22623131
Copyright © 2026 More 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 three-family triplex at 126 Jackson Street offers a total of 3 bedrooms and 3 bathrooms, with flexible space for either an owner-occupant or an investor. The home includes an unfinished basement that can support storage needs and additional possibilities. The property sits on a 0.06-acre lot and totals 1,638 square feet.
Built in 1866, the triplex is served by oil heating and features cooling described as “multi units.” Public water and public sewer are in place.
With a straightforward unit layout and an unfinished basement for extra storage, this is a practical option for buyers looking for a multi-family configuration in Trenton.
Built in 1866, the triplex is served by oil heating and features cooling described as “multi units.” Public water and public sewer are in place.
With a straightforward unit layout and an unfinished basement for extra storage, this is a practical option for buyers looking for a multi-family configuration in Trenton.
Key Highlights
- 0.06‑acre lot and 1,638 square feet
- Three‑family triplex with 3 bedrooms and 3 bathrooms
- Unfinished basement for storage and additional possibilities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,946
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$578,920
$578.9K
Cap Rate 7%
$413,514
$413.5K
Cap Rate 9%
$321,622
$321.6K
Market Conditions
NOI Build-Up for 1,638 SF
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.
Gross rent
$44.2K $27.00/SF
− Vacancy
−$2.9K −$1.76/SF
EGI
$41.4K $25.25/SF
− OpEx
−$12.4K −$7.57/SF
NOI
$28.9K $17.67/SF
Area
Mercer County, NJ
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$578,920
Cap Rate 7%
$413,514
Cap Rate 9%
$321,622
Alternative Uses
Best Use
Multifamily LT 5
$413.5K
$361.8K – $482.4K
NOI $28,946 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$357.1K
$312.5K – $416.7K
NOI $25,000 @ 7.0% cap · market cap 6.96%
Theoretical Best
Warehouse
$527.0K
$461.1K – $614.8K
NOI $36,890 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,373
Businesses Nearby
Explore this area
Business Placement
Demographics for 08611, NJ
31,531
Population
11,638
Households
2.7
Avg Household Size
32
Median Age
16%
College-Educated
70%
High-School Grad
2.9 sq mi
ZIP Area
10,873
Density / Sq Mi
$50,806
Median Household Income
$29,185
Median Earnings
$1,300
Median Rent
$142,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-family triplex with 3 bedrooms and 3 bathrooms, plus an unfinished basement.
Where is this triplex located?
The property is located at 126 Jackson Street Trenton, NJ.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: 0.06‑acre lot and 1,638 square feet; Three‑family triplex with 3 bedrooms and 3 bathrooms; Unfinished basement for storage and additional possibilities
