Freestanding Mixed-Use
For Sale
Contact for pricing
1431 S OLDEN AVE, Trenton, NJ 08610
Two-level property combines a retail or office-ready first floor with a three-bedroom apartment above.
Property Size3,528 SF
Price / SF$169.36
Days on Market57
Property Features for 1431 S OLDEN AVE
General Information
Standard status
Active
Size
3,528 SF
Total Parking Spaces
4
Property subtype
Retail, Office, Mixed Use
Zoning
R-7
Units
Unit Mix
1 x 3BR
Multifamily Units
1
Additional Details
Highway Access
Yes
Building Details
Year Built
1971
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
KW Commercial/ Richardson Commercial Group
Listed By:
Steven Marusky, CCIM, GRI · License #NJ 7855828
(609) 586-1000
Source:
Crexi
Added: Aug 18
Changed: Oct 7
Last Checked: Oct 12 at 8:16PM
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 KW Commercial/ Richardson Commercial Group
Investment Insights
Based on property information with market context.
This freestanding mixed-use building, constructed in 1971, includes two floors and a full basement. The first level is currently configured for a hair salon and can support retail or office use. A three-bedroom apartment occupies the second floor, creating distinct commercial and residential components within the same property.
Located at 1431 S Olden Ave in Trenton, the property has direct exposure from the site and is near Interstate 2-95. The R-7 zoning designation and combination of commercial and residential space provide the central physical and land-use characteristics of the offering.
Located at 1431 S Olden Ave in Trenton, the property has direct exposure from the site and is near Interstate 2-95. The R-7 zoning designation and combination of commercial and residential space provide the central physical and land-use characteristics of the offering.
Key Highlights
- Freestanding mixed‑use building at 1431 S Olden Ave, Trenton, NJ
- 3‑bedroom apartment on the second floor
- First floor currently operates as a hair salon
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,846
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,076,920
$1.1M
Cap Rate 7%
$769,229
$769.2K
Cap Rate 9%
$598,289
$598.3K
Market Conditions
NOI Build-Up for 3,528 SF
Gross rent
$105.8K $30.00/SF
− Vacancy
−$7.9K −$2.25/SF
EGI
$97.9K $27.75/SF
− OpEx
−$44.1K −$12.49/SF
NOI
$53.8K $15.26/SF
Area
Mercer County, NJ
Vacancy
7.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,076,920
Cap Rate 7%
$769,229
Cap Rate 9%
$598,289
Alternative Uses
Best Use
Apartment 5plus
$769.2K
$673.1K – $897.4K
NOI $53,846 @ 7.0% cap · market cap 9.01%
Second Best
Retail
$753.7K
$659.5K – $879.3K
NOI $52,758 @ 7.0% cap · market cap 8.83%
Theoretical Best
Warehouse
$1.14M
$993.2K – $1.32M
NOI $79,456 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,413
Businesses Nearby
Explore this area
Business Placement
Demographics for 08610, NJ
32,649
Population
12,363
Households
2.6
Avg Household Size
38
Median Age
25%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
4,412
Density / Sq Mi
$87,159
Median Household Income
$43,990
Median Earnings
$1,491
Median Rent
$248,900
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 Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level property combines a retail or office-ready first floor with a three-bedroom apartment above.
Where is this mixed-use property located?
The property is located at 1431 S OLDEN AVE Trenton, NJ.
What is the asking price?
The asking price for this property is $597,500.
What are key features of this property?
This property features: Freestanding mixed‑use building at 1431 S Olden Ave, Trenton, NJ; 3‑bedroom apartment on the second floor; First floor currently operates as a hair salon
