Colonial Residential Income
For Sale
$329,000
1856 S BROAD STREET, Hamilton, NJ 08610
Colonial-style residential income property with a private driveway and natural gas systems.
Property Size1,660 SF
Price / SF$198.19
Days on Market8
Property Features for 1856 S BROAD STREET
General Information
Standard status
Active
Size
1,660 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
HWY C
Taxes and HOA fees
Annual Taxes
$5,016
Amenities
Window Unit(s)
Natural Gas, Hot Water
Gas Water Heater
Driveway
Colonial
Building Details
Building Size
1,660 SF
Year Built
1900
Listing Agency:
(609) 577-6227
Listed By:
Dave M Ricigliano
(609) 577-6227
Source:
Evrealestate
Added: Aug 4
Changed: Aug 10
Last Checked: Aug 10 at 3:55AM
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 Dave M Ricigliano
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,336
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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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 STREET 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
