Duplex With Full
New
For Sale
$399,000
16 Lanning Street, Ewing, NJ 08618
Residential Income, Ewing, NJ
Property Size1,450 SF
Lot Size0.18 Acres
Price / SF$275.17
Days on Market6
Property Features for 16 Lanning Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Zoning description
Buyer Should Verify
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bathroom 1
Parking features
On Street
Interior features
Unit 1(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(1 Bedroom, Kitchen, 1 Bath, Living Room)
Exterior features
Yard
Appliances
Water Heater(Gas), Water Heater
Lot features
Interior Lot
Elementary school district
Ewing Township School District
Middle school district
Ewing Township School District
High school district
Ewing Township School District
Directions
Ewingville Rd to Pennington Rd to Lanning St
Standard status
Active
APN
0200242000000015
Size
1,450 SF
Lot size
0.18 Acres
Additional Details
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7425
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Window Unit(s), Wall Unit(s)
Water source
Well
Amenities
basement laundry provisions
bonus storage space
large backyard
Building Details
Year built
1955
Floors in Building
2
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
ORANGE KEY REALTY, INC.
(732) 297-6969
Listed By:
Michael Matthews
(732) 742-2570
Added: Oct 26
Changed: Oct 30
Last Checked: Oct 31 at 8:06AM
MLS# 2706908R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1955 duplex contains 1,450 square feet across two units. The main-level residence has two bedrooms, a kitchen, living room, and one bathroom; the upstairs unit offers one bedroom, a kitchen, living room, and one bathroom. A full basement provides laundry provisions and storage, and the property also has a yard. Heating is forced air, with window and wall air-conditioning units.
The property is three houses from The College of New Jersey. It sits on a 0.1797-acre lot, is zoned R-2, and has a well water source and public sewer. Separate gas and electric meters serve the units.
The property is three houses from The College of New Jersey. It sits on a 0.1797-acre lot, is zoned R-2, and has a well water source and public sewer. Separate gas and electric meters serve the units.
Key Highlights
- Two‑unit duplex with 1,450 square feet
- Main‑level unit has 2 bedrooms and 1 bathroom; upstairs unit has 1 bedroom and 1 bathroom
- Full basement with laundry provisions and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,624
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,480
$512.5K
Cap Rate 7%
$366,057
$366.1K
Cap Rate 9%
$284,711
$284.7K
Market Conditions
NOI Build-Up for 1,450 SF
Gross rent
$39.2K $27.00/SF
− Vacancy
−$2.5K −$1.76/SF
EGI
$36.6K $25.25/SF
− OpEx
−$11.0K −$7.57/SF
NOI
$25.6K $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%
$512,480
Cap Rate 7%
$366,057
Cap Rate 9%
$284,711
Alternative Uses
Best Use
Multifamily LT 5
$366.1K
$320.3K – $427.1K
NOI $25,624 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$316.2K
$276.6K – $368.9K
NOI $22,131 @ 7.0% cap · market cap 5.55%
Theoretical Best
Warehouse
$466.5K
$408.2K – $544.3K
NOI $32,656 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 08618, NJ
37,544
Population
15,284
Households
2.5
Avg Household Size
34
Median Age
24%
College-Educated
86%
High-School Grad
5.9 sq mi
ZIP Area
6,363
Density / Sq Mi
$48,179
Median Household Income
$33,040
Median Earnings
$1,117
Median Rent
$211,800
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
Frequently Asked Questions
What type of property is this?
Duplex - Separate gas and electric meters serve two residential units near The College of New Jersey.
Where is this duplex located?
The property is located at 16 Lanning Street Ewing, NJ.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,450 square feet; Main‑level unit has 2 bedrooms and 1 bathroom; upstairs unit has 1 bedroom and 1 bathroom; Full basement with laundry provisions and storage
