Updated Duplex with Solar
For Sale
$439,000
34 Cumberland Ave, Trenton, NJ 08618
Two residential units each offer three bedrooms, updated interiors, and access to shared outdoor space.
Property Size1,483 SF
Price / SF$296.02
Days on Market47
Property Features for 34 Cumberland Ave
General Information
Standard status
Active
Size
1,483 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Amenities
solar panels
EV charger
backyard
Building Details
Year Built
1940
Buildings
1
Listing Agency:
North Jersey 100 LLC.
Listed By:
Dawn McCullough · License #0559558
(888) 501-6953
Source:
Mynewjerseyrealestate
Added: Sep 12
Changed: Oct 25
Last Checked: Oct 26 at 9:33PM
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 North Jersey 100 LLC.
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Investment Insights
Based on property information with market context.
This duplex contains two residential units with six bedrooms and 3.5 bathrooms overall. Each unit is configured with three bedrooms, and both interiors have been updated. The property also includes a backyard suitable for outdoor use, roof-mounted solar panels, and an EV charger attached to the home.
Rear parking accommodates three vehicles. Built in 1940, the property offers a two-unit residential configuration with outdoor space, on-site parking, and energy-related improvements already in place.
Rear parking accommodates three vehicles. Built in 1940, the property offers a two-unit residential configuration with outdoor space, on-site parking, and energy-related improvements already in place.
Key Highlights
- Two‑unit duplex with 6 bedrooms and 3.5 bathrooms
- Each unit includes 3 bedrooms
- Updated interiors in both residential units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,207
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,140
$524.1K
Cap Rate 7%
$374,386
$374.4K
Cap Rate 9%
$291,189
$291.2K
Market Conditions
NOI Build-Up for 1,483 SF
Gross rent
$40.0K $27.00/SF
− Vacancy
−$2.6K −$1.76/SF
EGI
$37.4K $25.25/SF
− OpEx
−$11.2K −$7.57/SF
NOI
$26.2K $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 Rate 5%
$524,140
Cap Rate 7%
$374,386
Cap Rate 9%
$291,189
Alternative Uses
Best Use
Multifamily LT 5
$374.4K
$327.6K – $436.8K
NOI $26,207 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$323.3K
$282.9K – $377.2K
NOI $22,634 @ 7.0% cap · market cap 5.16%
Theoretical Best
Warehouse
$477.1K
$417.5K – $556.7K
NOI $33,400 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
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Business Placement
Demographics for 08618, NJ
37,544
Population
15,284
Households
2.5
Avg Household Size
34
Median Age
24%
College-Educated
86%
High-School Grad
5.9 sq mi
ZIP Area
6,363
Density / Sq Mi
$48,179
Median Household Income
$33,040
Median Earnings
$1,117
Median Rent
$211,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units each offer three bedrooms, updated interiors, and access to shared outdoor space.
Where is this duplex located?
The property is located at 34 Cumberland Ave Trenton, NJ.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Two‑unit duplex with 6 bedrooms and 3.5 bathrooms; Each unit includes 3 bedrooms; Updated interiors in both residential units
