Three-Unit Residential Income
For Sale
$370,000
Pending
336 Columbus Avenue, Trenton, NJ 08629
Three one-bedroom residences in a 1920-built Trenton property with RESID zoning and above- and below-grade space.
Property Size1,162 SF
Days on Market306
Property Features for 336 Columbus Avenue
General Information
Standard status
Pending
Size
1,162 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RESID
Units
Unit Mix
3 x 1BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,878
Amenities
No Pool
Above Grade, Below Grade
Building Details
Year Built
1920
Buildings
1
Listing Agency:
EXP Realty, LLC
(609) 647-6838
Listed By:
Timothy Christopher Crew · License #1433029
(609) 647-6838
Source:
Compass
Added: Oct 30, 2025
Changed: Aug 29
Last Checked: Aug 31 at 12:08AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This 1,162-square-foot residential income property contains three one-bedroom units within a building constructed in 1920. The property is zoned RESID and includes both above-grade and below-grade areas, with no pool. Interior features are identified as none.
Located at 336 Columbus Avenue in Trenton, New Jersey, the property falls within Mercer County and the Trenton Public Schools district. The stated 10.6% cap rate provides an additional investment metric for review. Each unit’s one-bedroom configuration establishes a consistent layout across the building.
Located at 336 Columbus Avenue in Trenton, New Jersey, the property falls within Mercer County and the Trenton Public Schools district. The stated 10.6% cap rate provides an additional investment metric for review. Each unit’s one-bedroom configuration establishes a consistent layout across the building.
Key Highlights
- Three one‑bedroom units in a single residential income property
- 1,162 square feet of building area
- Constructed in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,534
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$410,680
$410.7K
Cap Rate 7%
$293,343
$293.3K
Cap Rate 9%
$228,156
$228.2K
Market Conditions
NOI Build-Up for 1,162 SF
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.
Gross rent
$31.4K $27.00/SF
− Vacancy
−$2.0K −$1.76/SF
EGI
$29.3K $25.25/SF
− OpEx
−$8.8K −$7.57/SF
NOI
$20.5K $17.67/SF
Area
Mercer County, NJ
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$410,680
Cap Rate 7%
$293,343
Cap Rate 9%
$228,156
Alternative Uses
Best Use
Multifamily LT 5
$293.3K
$256.7K – $342.2K
NOI $20,534 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$253.4K
$221.7K – $295.6K
NOI $17,735 @ 7.0% cap · market cap 4.79%
Theoretical Best
Warehouse
$373.9K
$327.1K – $436.2K
NOI $26,170 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,261
Businesses Nearby
Explore this area
Business Placement
Demographics for 08629, NJ
13,359
Population
4,559
Households
2.9
Avg Household Size
34
Median Age
15%
College-Educated
75%
High-School Grad
0.8 sq mi
ZIP Area
16,699
Density / Sq Mi
$81,367
Median Household Income
$39,278
Median Earnings
$1,263
Median Rent
$149,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom residences in a 1920-built Trenton property with RESID zoning and above- and below-grade space.
Where is this triplex located?
The property is located at 336 Columbus Avenue Trenton, NJ.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Three one‑bedroom units in a single residential income property; 1,162 square feet of building area; Constructed in 1920
