194 Washington St, Rocky Hill, NJ 08553

Building Details

Building Size 1,792 SF More

Year Built 1900 More

Units 2 More

Listing Agency: Weichert Realtors Show Phone

Listed By: Vanessa Nitti

Source: Culturaunitedrealty

Added: Jun 22 Changed: Nov 7 Last Checked: Nov 9 at 5:01PM

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Investment Insights

Based on property information with market context.

This side-by-side duplex contains 1,792 square feet and dates to 1900. Both units are tenant occupied, with rental income in place. The property is located in Rocky Hill, near restaurants, coffee shops, and wineries, and within minutes of Princeton.

The Delaware & Raritan Canal and its towpath are also minutes away, with opportunities for canoeing, kayaking, fishing, and biking.

Key Highlights

• Side‑by‑side duplex with 1,792 square feet
• Both units are tenant occupied
• Built in 1900

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,575

Cap Rate

4.26%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$511,500 $511.5K

Cap Rate 7%

$365,357 $365.4K

Cap Rate 9%

$284,167 $284.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,792 SF

Gross rent

$38.7K $21.60/SF

− Vacancy

−$2.2K −$1.21/SF

EGI

$36.5K $20.39/SF

− OpEx

−$11.0K −$6.12/SF

NOI

$25.6K $14.27/SF

Area

Somerset County, NJ

Vacancy

5.61%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$511,500

Cap Rate 7%

$365,357

Cap Rate 9%

$284,167

Alternative Uses

Best Use

Multifamily LT 5

$365.4K

$319.7K – $426.3K (±1% cap)

NOI $25,575 @ 7.0% cap · market cap 4.26%

Second Best

Apartment 5plus

$318.0K

$278.2K – $371.0K (±1% cap)

NOI $22,259 @ 7.0% cap · market cap 3.71%

Theoretical Best

Office A

$467.9K

$409.4K – $545.9K (±1% cap)

NOI $32,755 @ 7.0% cap · market cap 5.46%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

101

Businesses Nearby

Explore this area Business Placement

Demographics for 08553, NJ

743

Population

319

Households

2.3

Avg Household Size

42

Median Age

72%

College-Educated

99%

High-School Grad

0.6 sq mi

ZIP Area

1,238

Density / Sq Mi

$127,344

Median Household Income

$76,389

Median Earnings

$1,660

Median Rent

$608,200

Median Home Value

Market

Average Price Trend$/SF for Duplexes in Somerset County, NJ

$313 Jul

$350 Aug

$518 Sep

$329 Oct

Properties on Market for Duplexes in Somerset County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Both residences are occupied, supporting an existing rental-income use.

Where is this duplex located?

The property is located at 194 Washington St Rocky Hill, NJ.

What is the asking price?

The asking price for this property is $599,999.

What are key features of this property?

This property features: Side‑by‑side duplex with 1,792 square feet; Both units are tenant occupied; Built in 1900