Brick Quadplex with Finished
For Sale
$625,000
Pending
129 FRANCIS AVENUE, Hamilton, NJ 08629
Updated rental units feature separate electric service and an additional finished basement room.
Property Size2,728 SF
Days on Market50
Property Features for 129 FRANCIS AVENUE
General Information
Standard status
Pending
Size
2,728 SF
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
2 x 2BR, 2 x 1BR
Multifamily Units
4
Building Details
Year Built
1952
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Opus Elite Real Estate of NJ, LLC
(609) 540-5505
Listed By:
Edward Stawicki · License #8442785
(609) 647-5272
Source:
Cummingsrealtors
Added: Sep 16
Changed: Nov 3
Last Checked: Nov 3 at 8:18AM
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 Opus Elite Real Estate of NJ, LLC
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Investment Insights
Based on property information with market context.
This 2,728-square-foot brick quadplex at 129 Francis Avenue includes four residential units: two two-bedroom apartments and two one-bedroom apartments. The property is fully occupied, with three units rented and the fourth occupied by the owner. A finished spare room in the basement provides additional interior space. Rental units were updated in 2022, when new separate electric service panels were also installed.
Residents pay their own heat, hot water, and electric costs. Ownership covers real estate taxes, insurance, water, and the owner's heat and electric. Built in 1952, the property is located in Hamilton Township, New Jersey, and offers a mixed unit configuration within a brick multifamily building.
Residents pay their own heat, hot water, and electric costs. Ownership covers real estate taxes, insurance, water, and the owner's heat and electric. Built in 1952, the property is located in Hamilton Township, New Jersey, and offers a mixed unit configuration within a brick multifamily building.
Key Highlights
- Four‑unit brick property with 2,728 SF of building area
- Unit mix includes 2 two‑bedroom and 2 one‑bedroom apartments
- Fully occupied: 3 rented units and 1 owner‑occupied unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,208
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$964,160
$964.2K
Cap Rate 7%
$688,686
$688.7K
Cap Rate 9%
$535,644
$535.6K
Market Conditions
NOI Build-Up for 2,728 SF
Gross rent
$73.7K $27.00/SF
− Vacancy
−$4.8K −$1.76/SF
EGI
$68.9K $25.25/SF
− OpEx
−$20.7K −$7.57/SF
NOI
$48.2K $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 Rate 5%
$964,160
Cap Rate 7%
$688,686
Cap Rate 9%
$535,644
Alternative Uses
Best Use
Multifamily LT 5
$688.7K
$602.6K – $803.5K
NOI $48,208 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$594.8K
$520.5K – $693.9K
NOI $41,636 @ 7.0% cap · market cap 6.66%
Theoretical Best
Warehouse
$877.7K
$768.0K – $1.02M
NOI $61,439 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
679
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Updated rental units feature separate electric service and an additional finished basement room.
Where is this quadplex located?
The property is located at 129 FRANCIS AVENUE Hamilton, NJ.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Four‑unit brick property with 2,728 SF of building area; Unit mix includes 2 two‑bedroom and 2 one‑bedroom apartments; Fully occupied: 3 rented units and 1 owner‑occupied unit
