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    Charming Duplex in Hopewell Township Title is generated by Realmo AI

    18 CREST Avenue, Pennington, NJ 08534

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    Claim this Listing
    For Sale
    Under Contract
    $485,000

    MULTI_FAMILY - Colonial - PENNINGTON, NJ

    Property size:
    1,683 SF
    Lot size:
    0.76 Acres
    Price / SF:
    $288/SF
    Added:
    Apr 12, 2026
    Days on Market:
    62
    Last Refresh:
    Jun 12 at 2:06 am

    Property Features for 18 CREST Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Driveway
    Standard status
    Active Under Contract
    Size
    1,683 SF
    Lot size
    0.76 Acres

    Taxes and HOA fees

    Tax Annual Amount
    9479

    Utilities

    Heating system
    Hot Water(Heating), Baseboard

    Building Details

    Year built
    1956
    Number of units
    2
    Building materials
    Frame
    Architectural style
    Colonial

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    Listing Contact
    Susan Thompson

    Listing agent Susan Thompson License #785606

    Listing office Corcoran Sawyer Smith - Pennington 2 Route 31, Pennington, NJ

    Listing date Apr 12, 2026

    MLS# NJME2074772 Listing URL

    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.

    HighLights

    • Desirable Hopewell Township location on a large .76‑acre lot.
    • Two well‑maintained units, ideal for investors or owner‑occupants.
    • Each unit features 2 bedrooms, 1 full bath, eat‑in kitchen, and separate storage.
    • Hardwood floors throughout both units.
    • Stainless steel appliances included in both kitchens.
    • Convenient access to Pennington, Hopewell Borough, Princeton, major roadways, and train stations.

    Overview

    This well-maintained duplex is located in Hopewell Township on a 0.76-acre lot. The property is suitable for investors or owner-occupants, offering two units with separate living spaces and shared access to divided basement storage. Unit A, situated on the main level, features approximately 860 square feet, hardwood floors, two bedrooms, and one full bath. The eat-in kitchen includes stainless steel appliances such as a refrigerator, dishwasher, and range. A living room provides space for everyday living. This unit also has access to a private basement area with an additional 400 square feet of storage, complete with a washer and dryer. Unit B, located on the upper level, also offers approximately 860 square feet, with two bedrooms and one full bath, hardwood flooring, a living room, and an eat-in kitchen equipped with a refrigerator, dishwasher, and range. Laundry access is available via the basement through Bilco doors, with separate, divided storage space designated for each unit. The yard provides outdoor space for relaxation, recreation, or gardening. The property is conveniently located near Pennington, Hopewell Borough, and Princeton, with access to major roadways and nearby train stations for commuting. Situated within a school district, this property combines location, functionality, and long-term value.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $45.4k $27.00
    − Vacancy −$3.0k −$1.76
    EGI $42.5k $25.25
    − OpEx −$12.7k −$7.57
    NOI $29.7k $17.67
    1,683 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $424.9K
    $371.8K – $495.7K (±1% cap)
    NOI $29,741 @ 7.0% cap · market cap 6.13%
    Second Best
    Apartment 5plus
    $367.0K
    $321.1K – $428.1K (±1% cap)
    NOI $25,687 @ 7.0% cap · market cap 5.30%
    Theoretical Best
    Warehouse
    $541.5K
    $473.8K – $631.7K (±1% cap)
    NOI $37,904 @ 7.0% cap · market cap 7.82%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pennington
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.7789777
    Latitude
    40.2967554

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex on .76 acres, ideal for investors.
    Where is this duplex located?
    The property is located at 18 CREST Avenue Pennington, NJ.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: Desirable Hopewell Township location on a large .76‑acre lot.; Two well‑maintained units, ideal for investors or owner‑occupants.; Each unit features 2 bedrooms, 1 full bath, eat‑in kitchen, and separate storage.
    More about this property
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