5-Unit Mixed-Use
For Sale
$629,000
685-691 S CLINTON AVE, Trenton, NJ 08611
Five-unit mixed-use building with four residences and one restaurant/corner store space, professionally managed and income producing.
Property Size3,468 SF
Price / SF$181.37
Days on Market77
Property Features for 685-691 S CLINTON AVE
General Information
Standard status
Active
Size
3,468 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
4
Listing Agency:
BHHS Fox & Roach - Robbinsville
(609) 890-3300
Listed By:
Anthony McAnany · License #1752745
(609) 954-8669
Source:
Lakehomesbyliz
Added: Jul 25
Changed: Oct 8
Last Checked: Oct 7 at 11:28AM
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 BHHS Fox & Roach - Robbinsville
Investment Insights
Based on property information with market context.
This 5-unit mixed-use property includes four residential units and one restaurant/corner store. The residential mix consists of two 2-bedroom units, one 1-bedroom unit, and one studio. The apartment unit labeled as apartment 3 has been newly updated with a new kitchen, supporting a refreshed residential offering within the building.
The property is located at 685-691 S Clinton Avenue and 125 Dye St in Trenton, NJ. The public remarks also note an income-producing billboard and that the building is clean and professionally managed, with current City registration and a Certificate of Occupancy.
Showings are by appointment only and subject to pre-set tenant showing schedules, with buyer purchase verification required. Interior photos are available with proof of funds and buyer verification for tenant security.
The property is located at 685-691 S Clinton Avenue and 125 Dye St in Trenton, NJ. The public remarks also note an income-producing billboard and that the building is clean and professionally managed, with current City registration and a Certificate of Occupancy.
Showings are by appointment only and subject to pre-set tenant showing schedules, with buyer purchase verification required. Interior photos are available with proof of funds and buyer verification for tenant security.
Key Highlights
- 5‑unit mixed‑use building built in 1950 with four residential units plus one restaurant/corner store space
- Residential mix includes two 2‑bedroom units, one 1‑bedroom unit, and one studio
- Newly updated apartment 3 with a new kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,565
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,111,300
$1.1M
Cap Rate 7%
$793,786
$793.8K
Cap Rate 9%
$617,389
$617.4K
Market Conditions
NOI Build-Up for 3,468 SF
Gross rent
$77.8K $22.44/SF
− Vacancy
−$3.7K −$1.08/SF
EGI
$74.1K $21.36/SF
− OpEx
−$18.5K −$5.34/SF
NOI
$55.6K $16.02/SF
Area
Mercer County, NJ
Vacancy
4.80%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,111,300
Cap Rate 7%
$793,786
Cap Rate 9%
$617,389
Alternative Uses
Best Use
Specialty Retail
$793.8K
$694.6K – $926.1K
NOI $55,565 @ 7.0% cap · market cap 8.83%
Second Best
Apartment 5plus
$756.1K
$661.6K – $882.2K
NOI $52,930 @ 7.0% cap · market cap 8.41%
Theoretical Best
Warehouse
$1.12M
$976.3K – $1.30M
NOI $78,105 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,180
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five-unit mixed-use building with four residences and one restaurant/corner store space, professionally managed and income producing.
Where is this mixed-use property located?
The property is located at 685-691 S CLINTON AVE Trenton, NJ.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: 5‑unit mixed‑use building built in 1950 with four residential units plus one restaurant/corner store space; Residential mix includes two 2‑bedroom units, one 1‑bedroom unit, and one studio; Newly updated apartment 3 with a new kitchen
