Two-Unit Duplex with Full
130 John Street, Princeton, NJ 08542
For Sale
$970,000
Both residences are leased and have separate utilities, with shared laundry and assigned basement storage.
Property Size1,760 SF
Price / SF$551.14
Days on Market159
Property Features for 130 John Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
shared laundry facility
assigned storage spaces
Bathroom - Soaking Tub
Building Details
Building Size
Year Built
Year Renovated
Buildings
Stories
Units
Tenancy
Listing Agency:
Century 21 Abrams & Associates, Inc.
(609) 750-7300
Listed By:
Barrington A Nelson
(732) 887-9523
Source:
Depalmarealty
Added: Jun 3
Changed: Nov 7
Last Checked: Nov 7 at 4:03PM
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 Century 21 Abrams & Associates, Inc.
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Investment Insights
Based on property information with market context.
This 1,760-square-foot duplex contains two leased residences, each configured with 2 bedrooms and 1 bathroom. Separate utilities serve each unit. The full basement includes shared laundry and designated storage areas. The property was rebuilt in 1990, with updated furnaces and air-conditioning systems; carpeting was recently installed in the hallways and on the stairs serving the apartments.
On-site parking accommodates 4 cars, with additional off-street parking. The property is at 130 John Street in Princeton, a two-minute walk from downtown, the library, shopping, restaurants, and bars. Zoning is R4.
On-site parking accommodates 4 cars, with additional off-street parking. The property is at 130 John Street in Princeton, a two-minute walk from downtown, the library, shopping, restaurants, and bars. Zoning is R4.
Key Highlights
- Two 2‑bedroom, 1‑bath units; both are currently leased
- 1,760 square feet; rebuilt in 1990
- Separate utilities for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,102
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,040
$622.0K
Cap Rate 7%
$444,314
$444.3K
Cap Rate 9%
$345,578
$345.6K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$47.5K $27.00/SF
− Vacancy
−$3.1K −$1.76/SF
EGI
$44.4K $25.25/SF
− OpEx
−$13.3K −$7.57/SF
NOI
$31.1K $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%
$622,040
Cap Rate 7%
$444,314
Cap Rate 9%
$345,578
Alternative Uses
Best Use
Multifamily LT 5
$444.3K
$388.8K – $518.4K
NOI $31,102 @ 7.0% cap · market cap 3.21%
Second Best
Apartment 5plus
$383.7K
$335.8K – $447.7K
NOI $26,862 @ 7.0% cap · market cap 2.77%
Theoretical Best
Warehouse
$566.3K
$495.5K – $660.6K
NOI $39,638 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,412
Businesses Nearby
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Business Placement
Demographics for 08542, NJ
3,325
Population
1,294
Households
2.6
Avg Household Size
36
Median Age
70%
College-Educated
96%
High-School Grad
0.4 sq mi
ZIP Area
8,313
Density / Sq Mi
$104,694
Median Household Income
$65,917
Median Earnings
$2,398
Median Rent
$754,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Mercer County, NJ
Properties on Market for Duplexes in Mercer County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and have separate utilities, with shared laundry and assigned basement storage.
Where is this duplex located?
The property is located at 130 John Street Princeton, NJ.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; both are currently leased; 1,760 square feet; rebuilt in 1990; Separate utilities for each residence
