Second-Floor Residential Income
For Sale
Contact for pricing
2955 S Clinton Ave, Hamilton, NJ 08610
One-bedroom apartment with polished hardwood floors and fresh interior paint.
Property Size1,596 SF
Price / SF$1.03
Days on Market65
Property Features for 2955 S Clinton Ave
General Information
Standard status
Active
Size
1,596 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,359
Listing Agency:
Smires & Associates
(609) 259-1414
Listed By:
Beverly Petix · License #9804086
(609) 647-4698
Source:
Exprealty
Added: Aug 25
Changed: Oct 26
Last Checked: Oct 26 at 9:12PM
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
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Investment Insights
Based on property information with market context.
This 1,596-square-foot second-floor apartment includes one bedroom and is configured for a maximum occupancy of two people. The interior has recently received a coat of paint, while polished hardwood flooring extends throughout the residence.
The property is positioned across from Hamilton West High School in Hamilton, New Jersey. The tenant is responsible for gas, electric, and other applicable utilities, which must be placed in the tenant’s name. A renter’s contents insurance policy is required, along with a minimum 600 credit score and documentation of adequate income for the monthly rent.
The property is positioned across from Hamilton West High School in Hamilton, New Jersey. The tenant is responsible for gas, electric, and other applicable utilities, which must be placed in the tenant’s name. A renter’s contents insurance policy is required, along with a minimum 600 credit score and documentation of adequate income for the monthly rent.
Key Highlights
- 1,596‑square‑foot second‑floor apartment
- One‑bedroom layout with maximum occupancy of 2 people
- Polished hardwood flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,359
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,180
$487.2K
Cap Rate 7%
$347,986
$348.0K
Cap Rate 9%
$270,656
$270.7K
Market Conditions
NOI Build-Up for 1,596 SF
Gross rent
$47.9K $30.00/SF
− Vacancy
−$3.6K −$2.25/SF
EGI
$44.3K $27.75/SF
− OpEx
−$19.9K −$12.49/SF
NOI
$24.4K $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 Rate 5%
$487,180
Cap Rate 7%
$347,986
Cap Rate 9%
$270,656
Alternative Uses
Best Use
Apartment 5plus
$348.0K
$304.5K – $406.0K
NOI $24,359 @ 7.0% cap · market cap 1,476.30%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$513.5K
$449.3K – $599.1K
NOI $35,944 @ 7.0% cap · market cap 2,178.42%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
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Business Placement
Demographics for 08610, NJ
32,649
Population
12,363
Households
2.6
Avg Household Size
38
Median Age
25%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
4,412
Density / Sq Mi
$87,159
Median Household Income
$43,990
Median Earnings
$1,491
Median Rent
$248,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom apartment with polished hardwood floors and fresh interior paint.
Where is this residential income property located?
The property is located at 2955 S Clinton Ave Hamilton, NJ.
What are key features of this property?
This property features: 1,596‑square‑foot second‑floor apartment; One‑bedroom layout with maximum occupancy of 2 people; Polished hardwood flooring throughout
