Duplex with Walk-Up
For Sale
$280,000
24 Newkirk Avenue, Hamilton, NJ 08629
Residential, Duplex, Hamilton, NJ
Property Size1,240 SF
Lot Size0.05 Acres
Price / SF$225.81
Days on Market8
Property Features for 24 Newkirk Avenue
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Basement, Bathroom 1
Patio and Porch features
Porch
Interior features
Attic - Walk Up
Basement
Partially Finished
Directions
From S. Olden Avenue, turn onto Newkirk Avenue (just past Pacific Ave, near Kuser Elementary School). Follow Newkirk Avenue straight for about 3 blocks. The property (24 Newkirk Ave) will be on your right-hand side, shortly before you reach Norway Avenue.
Standard status
Active
APN
03-02023-0000-00048
Size
1,240 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3567
Utilities
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
1935
Floors in Building
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Goldstone Realty
Listed By:
Mayra Cruz
(732) 898-3400
Added: Sep 29
Changed: Oct 4
Last Checked: Oct 6 at 7:06PM
MLS# 22630669
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 1,240-square-foot duplex was built in 1935 on a 0.05-acre lot. The interior includes living and dining areas, an eat-in kitchen, three bedrooms, and one full bathroom. A basement provides laundry and storage space, and the attic is accessible by stairs. A porch and backyard provide additional outdoor areas.
The property has natural gas heat, electric cooling, public water, and a shingle roof.
The property has natural gas heat, electric cooling, public water, and a shingle roof.
Key Highlights
- 1,240 square feet on a 0.05‑acre lot
- Three bedrooms and one full bathroom
- Basement with laundry and storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,913
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,260
$438.3K
Cap Rate 7%
$313,043
$313.0K
Cap Rate 9%
$243,478
$243.5K
Market Conditions
NOI Build-Up for 1,240 SF
Gross rent
$33.5K $27.00/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$31.3K $25.25/SF
− OpEx
−$9.4K −$7.57/SF
NOI
$21.9K $17.67/SF
Area
Mercer County, NJ
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,260
Cap Rate 7%
$313,043
Cap Rate 9%
$243,478
Alternative Uses
Best Use
Multifamily LT 5
$313.0K
$273.9K – $365.2K
NOI $21,913 @ 7.0% cap · market cap 7.83%
Second Best
Apartment 5plus
$270.4K
$236.6K – $315.4K
NOI $18,926 @ 7.0% cap · market cap 6.76%
Theoretical Best
Warehouse
$399.0K
$349.1K – $465.5K
NOI $27,927 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
Explore this area
Business Placement
Demographics for 08629, NJ
13,359
Population
4,559
Households
2.9
Avg Household Size
34
Median Age
15%
College-Educated
75%
High-School Grad
0.8 sq mi
ZIP Area
16,699
Density / Sq Mi
$81,367
Median Household Income
$39,278
Median Earnings
$1,263
Median Rent
$149,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - First-floor living and dining areas adjoin an eat-in kitchen, with three bedrooms on the upper level.
Where is this duplex located?
The property is located at 24 Newkirk Avenue Hamilton, NJ.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 1,240 square feet on a 0.05‑acre lot; Three bedrooms and one full bathroom; Basement with laundry and storage space
