Two-Unit Colonial
New
For Sale
$255,000
151 BROWN Street, Trenton, NJ 08610
Multi-Family, TRENTON, NJ
Property Size1,338 SF
Lot Size0.06 Acres
Price / SF$190.58
Days on Market4
Property Features for 151 BROWN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Interior features
Kitchen - Eat-In
Appliances
Dishwasher
Subdivision
CHAMBERSBURG
Elementary school district
TRENTON PUBLIC SCHOOLS
Middle school district
TRENTON PUBLIC SCHOOLS
High school district
TRENTON PUBLIC SCHOOLS
Standard status
Active
Size
1,338 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
4177
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1911
Number of units
2
Building materials
Wood Siding
Architectural style
Colonial
Listing Agency:
Keller Williams Premier · Keller Williams Realty
(609) 459-5100
Listed By:
Sarah Watson · License #2079208
(609) 480-0101
Added: Aug 19
Changed: Aug 21
Last Checked: Aug 22 at 10:06AM
MLS# NJME2082382
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.
Investment Insights
Based on property information with market context.
This 1,338-square-foot Colonial duplex, built in 1911, contains two separate one-bedroom residences within a single structure. Each unit includes a living area, kitchen, bedroom, and full bathroom, while the property also features an eat-in kitchen, dishwasher, wood siding, hot-water heating, and a basement. On-street parking serves the property.
The duplex occupies a 0.0574-acre corner lot with additional outdoor space. Shopping, dining, transportation, schools, and major roadways are located nearby. Its two-unit layout provides separate living spaces within one building, with the property suited to an owner occupant, extended household arrangement, or rental-income use.
The duplex occupies a 0.0574-acre corner lot with additional outdoor space. Shopping, dining, transportation, schools, and major roadways are located nearby. Its two-unit layout provides separate living spaces within one building, with the property suited to an owner occupant, extended household arrangement, or rental-income use.
Key Highlights
- Two one‑bedroom units within a single 1,338‑square‑foot duplex
- Built in 1911 with Colonial architectural styling
- Each unit includes a living area, kitchen, bedroom, and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,421
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$408,420
$408.4K
Cap Rate 7%
$291,729
$291.7K
Cap Rate 9%
$226,900
$226.9K
Market Conditions
NOI Build-Up for 1,338 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.1K $30.00/SF
− Vacancy
−$3.0K −$2.25/SF
EGI
$37.1K $27.75/SF
− OpEx
−$16.7K −$12.49/SF
NOI
$20.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$408,420
Cap Rate 7%
$291,729
Cap Rate 9%
$226,900
Alternative Uses
Best Use
Multifamily LT 5
$337.8K
$295.6K – $394.1K
NOI $23,644 @ 7.0% cap · market cap 9.27%
Second Best
Apartment 5plus
$291.7K
$255.3K – $340.4K
NOI $20,421 @ 7.0% cap · market cap 8.01%
Theoretical Best
Warehouse
$430.5K
$376.7K – $502.2K
NOI $30,134 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,090
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences each include a living area, kitchen, bedroom, and full bathroom.
Where is this duplex located?
The property is located at 151 BROWN Street Trenton, NJ.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Two one‑bedroom units within a single 1,338‑square‑foot duplex; Built in 1911 with Colonial architectural styling; Each unit includes a living area, kitchen, bedroom, and full bathroom
