Colonial Residential Income
1856 S Broad St, Hamilton, NJ 08610
For Sale
$329,000
Colonial-style residential income property with a private driveway and natural gas systems.
Property Size1,660 SF
Price / SF$198.19
Days on Market99
Property Features for 1856 S Broad St
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Action USA Jay Robert Realtors
Listed By:
David M Ricigliano · License NJ #124816
(609) 577-6227
Source:
Harkesrealty
Added: Aug 8
Changed: Nov 12
Last Checked: Oct 7 at 4:59PM
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 Action USA Jay Robert Realtors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property at 1856 S Broad Street in Hamilton, New Jersey, was built in 1900 and features Colonial-style exterior detailing. The property includes a driveway and window unit cooling, along with natural gas service, hot water, and a gas water heater.
The property is located in Mercer County. Directions provide access from 195 to Route 206 and then to S. Broad St. The recorded property size is 1,660.
The property is located in Mercer County. Directions provide access from 195 to Route 206 and then to S. Broad St. The recorded property size is 1,660.
Key Highlights
- Residential income property in Hamilton, NJ
- Built in 1900
- Colonial‑style exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,336
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,720
$506.7K
Cap Rate 7%
$361,943
$361.9K
Cap Rate 9%
$281,511
$281.5K
Market Conditions
NOI Build-Up for 1,660 SF
Gross rent
$49.8K $30.00/SF
− Vacancy
−$3.7K −$2.25/SF
EGI
$46.1K $27.75/SF
− OpEx
−$20.7K −$12.49/SF
NOI
$25.3K $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%
$506,720
Cap Rate 7%
$361,943
Cap Rate 9%
$281,511
Alternative Uses
Best Use
Apartment 5plus
$361.9K
$316.7K – $422.3K
NOI $25,336 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$534.1K
$467.3K – $623.1K
NOI $37,386 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
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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
$248,900
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Mercer County, NJ
Properties on Market for Residential income properties in Mercer County
Frequently Asked Questions
What type of property is this?
Residential income property - Colonial-style residential income property with a private driveway and natural gas systems.
Where is this residential income property located?
The property is located at 1856 S Broad St Hamilton, NJ.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Residential income property in Hamilton, NJ; Built in 1900; Colonial‑style exterior
