Mixed-Use Property with Four
For Sale
$629,000
685 685-691 S Clinton Ave, Trenton, NJ 08611
Four residential units accompany a restaurant and corner-store component in a professionally managed, income-producing property.
Property Size3,468 SF
Price / SF$181.37
Days on Market54
Property Features for 685 685-691 S Clinton Ave
General Information
Standard status
Active
Size
3,468 SF
Building Details
Year Built
1950
Tenancy
Multi
Listing Agency:
BHHS Fox & Roach - Robbinsville
Listed By:
Anthony McAnany · License #1752745
(609) 954-8669
Source:
Riverfoxrealty
Added: Aug 17
Changed: Oct 5
Last Checked: Oct 5 at 11:28PM
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 mixed-use property combines four residential units with a restaurant and corner-store component. The residential mix includes two two-bedroom apartments, one one-bedroom apartment, and one studio. Apartment 3 has been updated with a new kitchen. The property was built in 1950 and includes an income-producing billboard, along with current city registration and a certificate of occupancy.
The property spans 685-691 S Clinton and 125 Dye St in Trenton, New Jersey. Professional management is in place, and showings are scheduled by appointment around tenant availability. Interior access requires buyer verification and proof of funds.
The property spans 685-691 S Clinton and 125 Dye St in Trenton, New Jersey. Professional management is in place, and showings are scheduled by appointment around tenant availability. Interior access requires buyer verification and proof of funds.
Key Highlights
- Four residential units: two 2‑bedroom, one 1‑bedroom, and one studio
- Restaurant and corner‑store component included
- Apartment 3 updated 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
Multifamily LT 5
$875.5K
$766.1K – $1.02M
NOI $61,285 @ 7.0% cap · market cap 9.74%
Second Best
Specialty Retail
$793.8K
$694.6K – $926.1K
NOI $55,565 @ 7.0% cap · market cap 8.83%
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
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Four residential units accompany a restaurant and corner-store component in a professionally managed, income-producing property.
Where is this mixed-use property located?
The property is located at 685 685-691 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: Four residential units: two 2‑bedroom, one 1‑bedroom, and one studio; Restaurant and corner‑store component included; Apartment 3 updated with a new kitchen
