Side-by-Side Duplex
32-34 COLUMBIA Avenue Hopewell, NJ 08525
New
32-34 COLUMBIA Avenue, Hopewell, NJ, 08525
$599,900
For Sale
$599,900
MULTI_FAMILY - HOPEWELL, NJ
Property Size2,340 SF
Lot Size0.10 Acres
Price / SF$256.37
Days on Market3
Property Features for 32-34 COLUMBIA Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Rooms
- Basement
- Parking features
- On Street
- Interior features
- Ceiling Fan(s)
- Standard status
- Active
- Size
- 2,340 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 14606
Utilities
- Heating system
- Hot Water(Heating), Other (Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Frame
Listing agency
Real Broker, LLC
(855) 450-0442
Listed by
Stefanie R Prettyman · License #1325999
(609) 954-5206
Added: Jul 20 Updated: Jul 21 at 10:32AM Checked: Jul 22 at 7:06AM
MLS# NJME2080740
Copyright © 2026 Bright 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 side-by-side duplex at 32-34 Columbia Avenue offers a preserved, historic-style residential layout in a two-unit configuration. Each unit includes a living room, eat-in kitchen, a half bath, and a third bedroom that can also function as a home office, den, or flex space. On the upper level, each unit provides two bedrooms and a full hall bathroom. The units also have private access to a full basement and a walk-up attic, supporting storage and potential future use. Outside, a covered front porch with built-in benches faces a quiet residential street, and the property includes a deep backyard.
The home is located in Hopewell, NJ within the Hopewell Valley Regional School District, with proximity to Hopewell Elementary School, parks and playgrounds, and the Main Street district. Convenient access is noted to Princeton, Pennington, Route 31, I-295, and other area commuter routes.
The home is located in Hopewell, NJ within the Hopewell Valley Regional School District, with proximity to Hopewell Elementary School, parks and playgrounds, and the Main Street district. Convenient access is noted to Princeton, Pennington, Route 31, I-295, and other area commuter routes.
Key Highlights
- Side‑by‑side duplex built in 1920 with frame construction
- Each unit offers a living room, spacious eat‑in kitchen, half bath, and a third bedroom (flex/home office/den)
- Upstairs in each unit: two bedrooms plus a full hall bathroom
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.2k | $27.00 |
| − Vacancy | −$4.1k | −$1.76 |
| EGI | $59.1k | $25.25 |
| − OpEx | −$17.7k | −$7.57 |
| NOI | $41.4k | $17.67 |
2,340 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$590.7K
$516.9K – $689.2K
NOI $41,351 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$510.2K
$446.4K – $595.2K
NOI $35,714 @ 7.0% cap · market cap 5.95%
Theoretical Best
Warehouse
$752.9K
$658.8K – $878.4K
NOI $52,701 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Side-by-side duplex with private basements and walk-up attic access for each unit, plus covered front porch and deep backyard.
Where is this duplex located?
The property is located at 32-34 COLUMBIA Avenue Hopewell, NJ.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Side‑by‑side duplex built in 1920 with frame construction; Each unit offers a living room, spacious eat‑in kitchen, half bath, and a third bedroom (flex/home office/den); Upstairs in each unit: two bedrooms plus a full hall bathroom
