Updated Duplex with Solar
New
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 Market2
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
Last Checked: Sep 12 at 2:43PM
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.
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 = 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
$26,207
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
5.97%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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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
