Building Details

Year built 1922

Number of units 2

Building materials Frame, Vinyl Siding

Architectural style Other

Listing Agency: EXP Realty, LLC N***@eXpRealty.net Show Phone

Listed By: Balbino Morales · License #1865123 Show Phone

Added: Oct 17 Last Checked: Oct 17 at 10:06PM

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MLS# NJME2085116

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.

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Investment Insights

Based on property information with market context.

This 1,712-square-foot duplex was built in 1922 and sits on a 0.146-acre lot. The first floor has two bedrooms, two bathrooms, and a fireplace; the second floor has two bedrooms and one bathroom. The lower level includes two bedrooms and one bathroom. The property has frame construction with vinyl siding, hot-water and baseboard heating, and window-unit cooling.

Two units are in place, with the possibility of creating a third unit subject to applicable approvals. Parking options include a driveway and on-street spaces.

Key Highlights

• Two existing units; potential for a third unit subject to applicable approvals
• 1,712 square feet on a 0.146‑acre lot
• First floor: 2 bedrooms, 2 baths, and a fireplace

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

Is this asking price fair?

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 (±1% cap)

NOI $30,254 @ 7.0% cap · market cap 8.64%

Second Best

Apartment 5plus

$373.3K

$326.6K – $435.5K (±1% cap)

NOI $26,129 @ 7.0% cap · market cap 7.47%

Theoretical Best

Warehouse

$550.8K

$482.0K – $642.6K (±1% cap)

NOI $38,557 @ 7.0% cap · market cap 11.02%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Gym & Fitness Center Skin Care Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,113

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two existing units are complemented by off-street driveway parking and a yard.

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; potential for a third unit subject to applicable approvals; 1,712 square feet on a 0.146‑acre lot; First floor: 2 bedrooms, 2 baths, and a fireplace