Two-Family Brick Income
332 Elmer Street Trenton, NJ 08611
332 Elmer Street, Trenton, NJ, 08611
$295,000
For Sale
$295,000
Brick two-family building offers a vacant first-floor unit and a rented second-floor 2-bedroom unit.
Property Size1,488 SF
Price / SF$198.25
Days on Market115
Property Features for 332 Elmer Street
General Information
- Standard status
- Active
- Size
- 1,488 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1980
Listing agency
Keller Williams Premier
(201) 233-1908
Listed by
Nona Kulikova · License #566637
(201) 233-1908
Source
Compass
Added: Mar 31 Updated: Jul 23 at 6:05AM Checked: Jul 23 at 6:05AM
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 Keller Williams Premier
Investment Insights
Based on property information with market context.
Two-family brick building with separate utilities, featuring a first-floor apartment with 1–2 bedrooms currently vacant and a second-floor apartment with 2 bedrooms currently rented. The property requires some TLC and is being sold as-is.
Located in the Chambersburg section of Trenton within Mercer County, the home sits in the Trenton City (21111) MLS area and is served by Trenton Public Schools.
This structure is configured for two separate residential units with independent utility arrangements, making it suitable for investors seeking rental income at both levels while addressing needed interior/overall improvements.
Located in the Chambersburg section of Trenton within Mercer County, the home sits in the Trenton City (21111) MLS area and is served by Trenton Public Schools.
This structure is configured for two separate residential units with independent utility arrangements, making it suitable for investors seeking rental income at both levels while addressing needed interior/overall improvements.
Key Highlights
- Two‑family brick building in the Chambersburg section of Trenton (Trenton City 21111)
- First‑floor unit (1–2 bedroom) currently vacant
- Second‑floor unit is a 2‑bedroom apartment currently rented for $1,300
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 | $40.2k | $27.00 |
| − Vacancy | −$2.6k | −$1.76 |
| EGI | $37.6k | $25.25 |
| − OpEx | −$11.3k | −$7.57 |
| NOI | $26.3k | $17.67 |
1,488 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$375.6K
$328.7K – $438.3K
NOI $26,295 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$324.4K
$283.9K – $378.5K
NOI $22,711 @ 7.0% cap · market cap 7.70%
Theoretical Best
Warehouse
$478.7K
$418.9K – $558.5K
NOI $33,512 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Brick two-family building offers a vacant first-floor unit and a rented second-floor 2-bedroom unit.
Where is this duplex located?
The property is located at 332 Elmer Street Trenton, NJ.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two‑family brick building in the Chambersburg section of Trenton (Trenton City 21111); First‑floor unit (1–2 bedroom) currently vacant; Second‑floor unit is a 2‑bedroom apartment currently rented for $1,300
