Two-Unit Duplex with
For Sale
$350,000
343 Cuyler Avenue, Trenton, NJ 08629
Off-street parking serves the two-unit property, with a third unit subject to applicable approvals.
Property Size1,712 SF
Price / SF$204.44
Days on Market15
Property Features for 343 Cuyler Avenue
General Information
Standard status
Active
Size
1,712 SF
Property subtype
Multi Family Home
Zoning
2SF
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,735
Building Details
Building Size
1,712 SF
Year Built
1922
Stories
3
Units
2
Listing Agency:
EXP Realty, LLC
(866) 201-6210
Listed By:
Balbino Morales · License #1865123
(609) 218-1057
Source:
Harveysklaroff
Added: Oct 17
Changed: Oct 29
Last Checked: Oct 29 at 2:32PM
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
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Investment Insights
Based on property information with market context.
This 1,712-square-foot duplex, built in 1922, has two existing units. The first floor contains two bedrooms, two bathrooms and a fireplace; the second floor has two bedrooms and one bathroom. A lower-level layout includes two bedrooms and one bathroom, with a possible third unit subject to applicable approvals. The property is zoned 2SF.
Located in Trenton’s Villa Park neighborhood, the property includes a yard and off-street parking.
Located in Trenton’s Villa Park neighborhood, the property includes a yard and off-street parking.
Key Highlights
- Two existing units in a 1,712‑square‑foot duplex
- First floor: 2 bedrooms, 2 bathrooms and 1 fireplace
- Second floor: 2 bedrooms and 1 bathroom; lower level: 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,254
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,080
$605.1K
Cap Rate 7%
$432,200
$432.2K
Cap Rate 9%
$336,156
$336.2K
Market Conditions
NOI Build-Up for 1,712 SF
Gross rent
$46.2K $27.00/SF
− Vacancy
−$3.0K −$1.76/SF
EGI
$43.2K $25.25/SF
− OpEx
−$13.0K −$7.57/SF
NOI
$30.3K $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%
$605,080
Cap Rate 7%
$432,200
Cap Rate 9%
$336,156
Alternative Uses
Best Use
Multifamily LT 5
$432.2K
$378.2K – $504.2K
NOI $30,254 @ 7.0% cap · market cap 8.64%
Second Best
Apartment 5plus
$373.3K
$326.6K – $435.5K
NOI $26,129 @ 7.0% cap · market cap 7.47%
Theoretical Best
Warehouse
$550.8K
$482.0K – $642.6K
NOI $38,557 @ 7.0% cap · market cap 11.02%
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
1,113
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Off-street parking serves the two-unit property, with a third unit subject to applicable approvals.
Where is this duplex located?
The property is located at 343 Cuyler Avenue Trenton, NJ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two existing units in a 1,712‑square‑foot duplex; First floor: 2 bedrooms, 2 bathrooms and 1 fireplace; Second floor: 2 bedrooms and 1 bathroom; lower level: 2 bedrooms and 1 bathroom
