Multifamily Property with Full
For Sale
$434,000
253 Mercer Street, Trenton, NJ 08611
Built in 1900 with natural-gas heating and window-unit cooling.
Property Size2,474 SF
Price / SF$175.42
Days on Market167
Property Features for 253 Mercer Street
General Information
Standard status
Active
Size
2,474 SF
Property subtype
Multi-Family / Fee Simple
Zoning
HIST
Taxes and HOA fees
Annual Taxes
$10,189
Amenities
No
No Pool
Above Grade, Below Grade
Sidewalks
Patio(s)
Building Details
Year Built
1900
Listing Agency:
BHHS Fox & Roach - Robbinsville
(609) 757-9883
Listed By:
Sharif Hatab · License #788982
(609) 757-9883
Source:
Compass
Added: Mar 18
Changed: Aug 30
Last Checked: Mar 25 at 3:55PM
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 BHHS Fox & Roach - Robbinsville
Investment Insights
Based on property information with market context.
This multifamily property at 253 Mercer Street includes 2,474 square feet, a full basement, baseboard and hot-water heating, natural-gas service, and window-unit cooling. The building dates to 1900 and provides a residential income property configuration within an established structure.
On-street parking is available. Access is provided from S. Broad Street (Rt. 206) via Market Street and Mercer Street, with the property located on the right at 253 Mercer Street in Trenton, Mercer County.
On-street parking is available. Access is provided from S. Broad Street (Rt. 206) via Market Street and Mercer Street, with the property located on the right at 253 Mercer Street in Trenton, Mercer County.
Key Highlights
- 2,474‑square‑foot multifamily property
- Built in 1900
- Full basement
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
$37,759
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
8.70%
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%
$755,180
$755.2K
Cap Rate 7%
$539,414
$539.4K
Cap Rate 9%
$419,544
$419.5K
Market Conditions
NOI Build-Up for 2,474 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
$74.2K $30.00/SF
− Vacancy
−$5.6K −$2.25/SF
EGI
$68.7K $27.75/SF
− OpEx
−$30.9K −$12.49/SF
NOI
$37.8K $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%
$755,180
Cap Rate 7%
$539,414
Cap Rate 9%
$419,544
Alternative Uses
Best Use
Apartment 5plus
$539.4K
$472.0K – $629.3K
NOI $37,759 @ 7.0% cap · market cap 8.70%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$796.0K
$696.5K – $928.6K
NOI $55,718 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,402
Businesses Nearby
Explore this area
Business Placement
Demographics for 08611, NJ
31,531
Population
11,638
Households
2.7
Avg Household Size
32
Median Age
16%
College-Educated
70%
High-School Grad
2.9 sq mi
ZIP Area
10,873
Density / Sq Mi
$50,806
Median Household Income
$29,185
Median Earnings
$1,300
Median Rent
$142,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 1900 with natural-gas heating and window-unit cooling.
Where is this multifamily property located?
The property is located at 253 Mercer Street Trenton, NJ.
What is the asking price?
The asking price for this property is $434,000.
What are key features of this property?
This property features: 2,474‑square‑foot multifamily property; Built in 1900; Full basement
