First-Floor Residential Income
For Sale
$249,500
1711 SILVER COURT, Hamilton, NJ 08690
Renovated condo includes basement storage and access to building laundry facilities.
Property Size852 SF
Price / SF$292.84
Days on Market129
Property Features for 1711 SILVER COURT
General Information
Standard status
Active
Size
852 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,274
Amenities
extra storage
laundry facilities
Building Details
Building Size
852 SF
Year Built
1981
Listing Agency:
Keller Williams Realty
Listed By:
Desantis Real Estate Team · License #342628
(267) 625-7016
Source:
Desantis-realestate
Added: Jun 22
Changed: Oct 28
Last Checked: Oct 28 at 2:01AM
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 Keller Williams Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 852-square-foot, two-bedroom, one-bath condo occupies the building’s first floor. Updates include vinyl plank flooring alongside refinished original hardwood, a white tile kitchen backsplash, a renovated bathroom, fresh paint and new blinds.
The 1981 building also provides basement storage and laundry facilities.
The 1981 building also provides basement storage and laundry facilities.
Key Highlights
- First‑floor condo with two bedrooms and one bathroom
- 852 square feet of living area
- Refinished original hardwood and updated vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,004
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,080
$260.1K
Cap Rate 7%
$185,771
$185.8K
Cap Rate 9%
$144,489
$144.5K
Market Conditions
NOI Build-Up for 852 SF
Gross rent
$25.6K $30.00/SF
− Vacancy
−$1.9K −$2.25/SF
EGI
$23.6K $27.75/SF
− OpEx
−$10.6K −$12.49/SF
NOI
$13.0K $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%
$260,080
Cap Rate 7%
$185,771
Cap Rate 9%
$144,489
Alternative Uses
Best Use
Apartment 5plus
$185.8K
$162.6K – $216.7K
NOI $13,004 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$274.1K
$239.9K – $319.8K
NOI $19,188 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
943
Businesses Nearby
Explore this area
Business Placement
Demographics for 08690, NJ
19,470
Population
8,068
Households
2.4
Avg Household Size
47
Median Age
45%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
2,781
Density / Sq Mi
$122,665
Median Household Income
$65,581
Median Earnings
$1,561
Median Rent
$362,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Renovated condo includes basement storage and access to building laundry facilities.
Where is this residential income property located?
The property is located at 1711 SILVER COURT Hamilton, NJ.
What is the asking price?
The asking price for this property is $249,500.
What are key features of this property?
This property features: First‑floor condo with two bedrooms and one bathroom; 852 square feet of living area; Refinished original hardwood and updated vinyl plank flooring
