Victorian Multifamily
For Sale
$849,900
Pending
169 N MAIN STREET 171, Hightstown, NJ 08520
R-3-zoned property with a detached garage, driveway, and off-street parking.
Property Size4,024 SF
Days on Market102
Property Features for 169 N MAIN STREET 171
General Information
Standard status
Pending
Size
4,024 SF
Total Parking Spaces
1
Property subtype
Residential Income
Zoning
R-3
Taxes and HOA fees
Annual Taxes
$17,937
Amenities
Window Unit(s), Electric
Natural Gas, Baseboard
Gas Water Heater
Off Street, Garage, Driveway, Detached
Victorian
Building Details
Building Size
4,024 SF
Year Built
1900
Listed By:
Basilia Y Azcona
(609) 638-2850
Source:
Evrealestate
Added: Jul 18
Changed: Oct 25
Last Checked: Oct 26 at 4:03PM
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 Basilia Y Azcona
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Investment Insights
Based on property information with market context.
This multifamily property at 169 N Main Street features Victorian exterior detailing and was built in 1900. The property includes a detached garage, driveway, and off-street parking, with window-unit electric cooling, natural-gas baseboard heat, and a gas water heater.
The property is located in Hightstown, Mercer County, with access from Route 130 via Main Street. R-3 zoning is in place, and the property address includes 169 N Main Street and 171.
The property is located in Hightstown, Mercer County, with access from Route 130 via Main Street. R-3 zoning is in place, and the property address includes 169 N Main Street and 171.
Key Highlights
- R‑3 zoning
- 4,024 property size
- Built in 1900 with Victorian exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,416
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,228,320
$1.2M
Cap Rate 7%
$877,371
$877.4K
Cap Rate 9%
$682,400
$682.4K
Market Conditions
NOI Build-Up for 4,024 SF
Gross rent
$120.7K $30.00/SF
− Vacancy
−$9.1K −$2.25/SF
EGI
$111.7K $27.75/SF
− OpEx
−$50.2K −$12.49/SF
NOI
$61.4K $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 Rate 5%
$1,228,320
Cap Rate 7%
$877,371
Cap Rate 9%
$682,400
Alternative Uses
Best Use
Apartment 5plus
$877.4K
$767.7K – $1.02M
NOI $61,416 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.29M
$1.13M – $1.51M
NOI $90,627 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
671
Businesses Nearby
Explore this area
Business Placement
Demographics for 08520, NJ
29,291
Population
11,271
Households
2.6
Avg Household Size
40
Median Age
46%
College-Educated
92%
High-School Grad
18.0 sq mi
ZIP Area
1,627
Density / Sq Mi
$116,282
Median Household Income
$52,890
Median Earnings
$1,556
Median Rent
$361,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - R-3-zoned property with a detached garage, driveway, and off-street parking.
Where is this multifamily property located?
The property is located at 169 N MAIN STREET 171 Hightstown, NJ.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: R‑3 zoning; 4,024 property size; Built in 1900 with Victorian exterior
