Two-Unit Residential Income
1999 Greenwood Avenue Trenton, NJ 08609
New
1999 Greenwood Avenue, Trenton, NJ, 08609
$499,000
For Sale
$499,000
MULTI_FAMILY - Trenton, NJ
Property Size2,350 SF
Lot Size0.11 Acres
Price / SF$212.34
Days on Market1
Property Features for 1999 Greenwood Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 3, Basement, Bedroom 1, Bedroom 2, Bathroom 3
- Basement
- Full
- Standard status
- Active
- APN
- 03-01882-0000-00043
- Size
- 2,350 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6767
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Water source
- Public
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Number of units
- 2
Listing Agency
RE/MAX On the Move Realty
(732) 901-0701
1700 Ave of the States ste 404, Lakewood, NJ
Listed by
Elchonon Weinberg
(732) 901-0701
Added: Jul 17 Checked: Jul 17 at 3:06 pm
MLS# 22621885
Listing URL
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This updated two-family residential income property offers two separate units with private entry and driveway access. The main residence includes four bedrooms, 1.5 updated bathrooms, a bright living room, an eat-in kitchen, an unfinished attic, and a full unfinished basement for storage and additional space. The second unit features one bedroom, one full bathroom, a living room, and a kitchen, with its own private entrance.
Both units also have separate access to the backyard, providing added privacy and convenience. The main unit includes a detached two-car garage.
The home is described as move-in ready, with fresh paint, new flooring, and updated fixtures throughout, highlighted by a brand-new kitchen with white cabinetry, stone countertops, stainless steel appliances, and gold accents.
Both units also have separate access to the backyard, providing added privacy and convenience. The main unit includes a detached two-car garage.
The home is described as move-in ready, with fresh paint, new flooring, and updated fixtures throughout, highlighted by a brand-new kitchen with white cabinetry, stone countertops, stainless steel appliances, and gold accents.
Key Highlights
- Two‑family home built in 1925 with public water and public sewer and baseboard heating
- Main residence: 4 bedrooms, 1.5 updated bathrooms, bright living room, and eat‑in kitchen
- Brand‑new main kitchen with white cabinetry, stone countertops, stainless steel appliances, and gold accents
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 | $63.5k | $27.00 |
| − Vacancy | −$4.1k | −$1.76 |
| EGI | $59.3k | $25.25 |
| − OpEx | −$17.8k | −$7.57 |
| NOI | $41.5k | $17.67 |
2,350 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$593.3K
$519.1K – $692.1K
NOI $41,528 @ 7.0% cap · market cap 8.32%
Second Best
Apartment 5plus
$512.4K
$448.3K – $597.8K
NOI $35,867 @ 7.0% cap · market cap 7.19%
Theoretical Best
Warehouse
$756.1K
$661.6K – $882.1K
NOI $52,926 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Updated two-family home with separate entrances, a detached two-car garage, and individual access to the backyard.
Where is this duplex located?
The property is located at 1999 Greenwood Avenue Trenton, NJ.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑family home built in 1925 with public water and public sewer and baseboard heating; Main residence: 4 bedrooms, 1.5 updated bathrooms, bright living room, and eat‑in kitchen; Brand‑new main kitchen with white cabinetry, stone countertops, stainless steel appliances, and gold accents
