Two-Unit Duplex with Separate
2126 Princeton Pike Trenton, NJ 08648
2126 Princeton Pike, Trenton, NJ, 08648
$600,000
For Sale
$600,000
Duplex offers two two-bedroom units, each with separate HVAC and hot water systems, plus fenced rear yard with patio.
Property Size1,646 SF
Price / SF$364.52
Days on Market33
Property Features for 2126 Princeton Pike
General Information
- Standard status
- Active
- Size
- 1,646 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1958
Listing agency
Smires & Associates
(609) 213-1460
Listed by
Tyler Toth · License #1644288
(609) 213-1460
Source
Compass
Added: Jun 20 Updated: Jul 21 at 2:49PM Checked: Jul 21 at 2:49PM
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 Smires & Associates
Investment Insights
Based on property information with market context.
This well-maintained two-family duplex features two separate dwelling units, each offering two bedrooms and one full bathroom. Utilities are completely separate, with 150-amp electric service for the main level unit and 100-amp service for the second-floor unit. Each unit has its own HVAC system with forced hot air and central air, as well as its own hot water heater. Laundry is located in the basement and is accessible from the first-floor dwelling. The property also includes a fenced rear yard with a patio, along with a shed that has its own power and garage door opener.
The duplex is located in Lawrence Township, Mercer County, with commuter rail service within 1 to 5 miles. It is also described as being close to Lawrence Township schools, the Hamilton train station, Trenton state buildings, and higher education options including MCCC, TCNJ, and Rider University.
Each unit is configured as a standalone living space within the duplex, supported by dedicated mechanical and utility systems for independent day-to-day operations.
The duplex is located in Lawrence Township, Mercer County, with commuter rail service within 1 to 5 miles. It is also described as being close to Lawrence Township schools, the Hamilton train station, Trenton state buildings, and higher education options including MCCC, TCNJ, and Rider University.
Each unit is configured as a standalone living space within the duplex, supported by dedicated mechanical and utility systems for independent day-to-day operations.
Key Highlights
- Duplex in Lawrence Township offers two 2‑bedroom units, each with 1 full bath
- Separate utilities for both units, including separate electrical services: 150A (main level) and 100A (2nd floor)
- Each unit has its own HVAC with forced hot air and central air, plus separate hot water heaters
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 | $44.4k | $27.00 |
| − Vacancy | −$2.9k | −$1.76 |
| EGI | $41.6k | $25.25 |
| − OpEx | −$12.5k | −$7.57 |
| NOI | $29.1k | $17.67 |
1,646 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$415.5K
$363.6K – $484.8K
NOI $29,087 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$358.9K
$314.0K – $418.7K
NOI $25,122 @ 7.0% cap · market cap 4.19%
Theoretical Best
Warehouse
$529.6K
$463.4K – $617.9K
NOI $37,071 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex offers two two-bedroom units, each with separate HVAC and hot water systems, plus fenced rear yard with patio.
Where is this duplex located?
The property is located at 2126 Princeton Pike Trenton, NJ.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Duplex in Lawrence Township offers two 2‑bedroom units, each with 1 full bath; Separate utilities for both units, including separate electrical services: 150A (main level) and 100A (2nd floor); Each unit has its own HVAC with forced hot air and central air, plus separate hot water heaters
