4-Unit Brick
For Sale
Under Contract
$625,000
129 FRANCIS Avenue, Hamilton, NJ 08629
Multi-Family, HAMILTON, NJ
Property Size2,728 SF
Lot Size0.10 Acres
Price / SF$229.11
Days on Market36
Property Features for 129 FRANCIS Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking features
On Street
Interior features
Additional Stairway, Kitchen - Eat-In
Appliances
Oven/Range - Gas, Refrigerator
Subdivision
RUSSELL TERRACE
Elementary school district
HAMILTON TOWNSHIP
Middle school district
HAMILTON TOWNSHIP
High school district
HAMILTON TOWNSHIP
Standard status
Active Under Contract
Size
2,728 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
8728
Utilities
Heating system
Electric (Heating), Baseboard
Cooling system
Window Unit(s)
Building Details
Year built
1952
Number of units
4
Building materials
Block, Concrete, Masonry, Brick Front
Architectural style
Other
Listing Agency:
Opus Elite Real Estate of NJ, LLC
(609) 540-5505
Listed By:
Edward Stawicki · License #8442785
(609) 647-5272
Added: Sep 17
Changed: Oct 21
Last Checked: Oct 22 at 7:06AM
MLS# NJME2083386
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.
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Investment Insights
Based on property information with market context.
This 2,728-square-foot brick-front quadplex in Hamilton contains two two-bedroom apartments and two one-bedroom apartments. Three units are rented, while the fourth is owner-occupied. Rental units were updated in 2022, when separate electric service panels were also added. A finished spare room is located in the basement.
Tenants pay for their own heat, hot water, and electricity. The owner covers real estate taxes, insurance, water, and the owner’s heat and electricity. The property was built in 1952 and occupies a 0.1033-acre lot. Parking is on street.
Tenants pay for their own heat, hot water, and electricity. The owner covers real estate taxes, insurance, water, and the owner’s heat and electricity. The property was built in 1952 and occupies a 0.1033-acre lot. Parking is on street.
Key Highlights
- Four apartments: two two‑bedroom units and two one‑bedroom units
- 2,728 square feet on a 0.1033‑acre lot
- Three units rented; one unit owner‑occupied
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
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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 - The four-unit property has a mix of one- and two-bedroom apartments, with separate electric service panels installed in 2022.
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 apartments: two two‑bedroom units and two one‑bedroom units; 2,728 square feet on a 0.1033‑acre lot; Three units rented; one unit owner‑occupied
