Turnkey Remodeled
For Sale
$329,000
Pending
29 Marion Street, Trenton, NJ 08618
Turnkey remodeled duplex with separate utilities for each unit in Trenton, New Jersey.
Property Size1,840 SF
Days on Market82
Property Features for 29 Marion Street
General Information
Standard status
Pending
Size
1,840 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RESIDENTIAL
Additional Details
Business Included
Yes
Multifamily Units
2
Amenities
Disposal, Dishwasher, Stainless Steel Appliances, Water Heater, Washer/Dryer Hookups Only, Stove
No Pool
Building Details
Year Built
1885
Listing Agency:
NJ Capital Realty LLC
Listed By:
Jerome Beckworth · License #8745170
(609) 933-5024
Source:
Compass
Added: Jun 18
Changed: Aug 8
Last Checked: Jul 24 at 1:04PM
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 NJ Capital Realty LLC
Investment Insights
Based on property information with market context.
29 Marion Street presents a turnkey remodeled duplex in Trenton, NJ. The property includes two separate apartments, each with its own utilities, providing clear operational separation between units. Unit 1 is a 2-bedroom, 1-bath layout. Unit 2 is a 3-bedroom, 1-bath unit with an additional loft.
The listing is in Mercer County within the Trenton City area (21111). The property is served by Trenton Public Schools.
The listing is in Mercer County within the Trenton City area (21111). The property is served by Trenton Public Schools.
Key Highlights
- Fully remodeled duplex at 29 Marion St in Trenton, NJ (Trenton City, 21111)
- Unit 1: 2 bed / 1 bath with washer/dryer hookups only and kitchen appliances including dishwasher and disposal
- Unit 2: 3 bed / 1 bath plus loft with stainless steel appliances and stove
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
$28,083
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
8.54%
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%
$561,660
$561.7K
Cap Rate 7%
$401,186
$401.2K
Cap Rate 9%
$312,033
$312.0K
Market Conditions
NOI Build-Up for 1,840 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
$55.2K $30.00/SF
− Vacancy
−$4.1K −$2.25/SF
EGI
$51.1K $27.75/SF
− OpEx
−$23.0K −$12.49/SF
NOI
$28.1K $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%
$561,660
Cap Rate 7%
$401,186
Cap Rate 9%
$312,033
Alternative Uses
Best Use
Multifamily LT 5
$464.5K
$406.5K – $541.9K
NOI $32,516 @ 7.0% cap · market cap 9.88%
Second Best
Apartment 5plus
$401.2K
$351.0K – $468.1K
NOI $28,083 @ 7.0% cap · market cap 8.54%
Theoretical Best
Warehouse
$592.0K
$518.0K – $690.7K
NOI $41,440 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,789
Businesses Nearby
Explore this area
Business Placement
Demographics for 08618, NJ
37,544
Population
15,284
Households
2.5
Avg Household Size
34
Median Age
24%
College-Educated
86%
High-School Grad
5.9 sq mi
ZIP Area
6,363
Density / Sq Mi
$48,179
Median Household Income
$33,040
Median Earnings
$1,117
Median Rent
$211,800
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?
Duplex - Turnkey remodeled duplex with separate utilities for each unit in Trenton, New Jersey.
Where is this duplex located?
The property is located at 29 Marion Street Trenton, NJ.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Fully remodeled duplex at 29 Marion St in Trenton, NJ (Trenton City, 21111); Unit 1: 2 bed / 1 bath with washer/dryer hookups only and kitchen appliances including dishwasher and disposal; Unit 2: 3 bed / 1 bath plus loft with stainless steel appliances and stove
