Residential Income Property with
New
For Sale
$388,000
304 TRINITY COURT #9, Princeton, NJ 08540
A third-floor residence pairs an updated kitchen and bath with a private balcony and shared community recreation.
Property Size1,008 SF
Price / SF$384.92
Days on Market6
Property Features for 304 TRINITY COURT #9
General Information
Standard status
Active
Size
1,008 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Amenities
swimming pool
tennis courts
Building Details
Year Built
1988
Listing Agency:
BHHS Fox & Roach - Princeton
(609) 924-1600
Listed By:
Yuen Li Huang · License #0234160
(609) 933-9988
Source:
Cummingsrealtors
Added: Oct 8
Changed: Oct 13
Last Checked: Oct 12 at 8:18PM
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 - Princeton
Investment Insights
Based on property information with market context.
This 1,008-square-foot, third-floor residence was built in 1988 and features an open living area with high ceilings, a fireplace and a private balcony. The kitchen has been redesigned, and the bathroom has been updated. The primary bedroom includes a walk-in closet and direct access to the bath; a second bedroom with double doors opening to the living area offers flexible room configuration.
Residents have access to a community swimming pool and tennis courts. The property is at 304 Trinity Court in Princeton, New Jersey, minutes from downtown, shopping and dining destinations.
Residents have access to a community swimming pool and tennis courts. The property is at 304 Trinity Court in Princeton, New Jersey, minutes from downtown, shopping and dining destinations.
Key Highlights
- 1,008‑square‑foot residence on the third floor
- Redesigned kitchen and updated bathroom
- Private balcony, fireplace and high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,385
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,700
$307.7K
Cap Rate 7%
$219,786
$219.8K
Cap Rate 9%
$170,944
$170.9K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$30.2K $30.00/SF
− Vacancy
−$2.3K −$2.25/SF
EGI
$28.0K $27.75/SF
− OpEx
−$12.6K −$12.49/SF
NOI
$15.4K $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%
$307,700
Cap Rate 7%
$219,786
Cap Rate 9%
$170,944
Alternative Uses
Best Use
Apartment 5plus
$219.8K
$192.3K – $256.4K
NOI $15,385 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$324.3K
$283.8K – $378.4K
NOI $22,702 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
829
Businesses Nearby
Explore this area
Business Placement
Demographics for 08540, NJ
48,216
Population
19,255
Households
2.5
Avg Household Size
41
Median Age
82%
College-Educated
98%
High-School Grad
51.7 sq mi
ZIP Area
933
Density / Sq Mi
$169,898
Median Household Income
$80,357
Median Earnings
$2,083
Median Rent
$723,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A third-floor residence pairs an updated kitchen and bath with a private balcony and shared community recreation.
Where is this residential income property located?
The property is located at 304 TRINITY COURT #9 Princeton, NJ.
What is the asking price?
The asking price for this property is $388,000.
What are key features of this property?
This property features: 1,008‑square‑foot residence on the third floor; Redesigned kitchen and updated bathroom; Private balcony, fireplace and high ceilings
