332 ELMER Street Trenton, NJ 08611
MULTI_FAMILY - TRENTON, NJ
Property Features for 332 ELMER Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,488 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4098
Utilities
- Heating system
- Baseboard, Hot Water(Heating)
Building Details
- Year built
- 1980
- Number of units
- 2
- Building materials
- Brick
Listing agent Nona Kulikova License #566637 (201) 233-1908
Listing office Keller Williams Premier 2370 Route 33 Highway, Moorestown, NJ (609) 459-5100
Listing date Apr 1, 2026
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.
Located at 332 Elmer Street in Trenton’s Chambersburg section of Mercer County, the property is positioned for buyers looking for a residence with rental income from the second unit. The current configuration supports an owner-occupant scenario where one unit can be lived in while the other provides ongoing rental revenue.
For investors, the building presents a straightforward duplex setup with separate utilities and one unit presently ready for occupancy or updating. For first-time buyers, the current vacancy on the first floor can allow a buyer to tailor that unit for their own use while relying on the second unit’s existing tenancy. The as-is condition should be considered for buyers planning renovations or light-to-moderate improvements.
Key Highlights
- Two‑family brick building in the Chambersburg section of Trenton
- Second‑floor 2‑bedroom unit is currently rented for $1,300
- First‑floor 1–2 bedroom apartment is currently vacant
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 |
