Two-Bedroom Residential Income
For Sale
$299,000
40 WILLOW COURT, Hamilton, NJ 08619
Updated kitchen, private laundry, and access to shared recreation facilities distinguish this two-bedroom unit.
Property Size1,100 SF
Price / SF$271.82
Days on Market177
Property Features for 40 WILLOW COURT
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,220
Amenities
skylights
outdoor swimming pool
tennis courts
playgrounds
dog park
common grounds
in-unit laundry
Building Details
Building Size
1,100 SF
Year Built
1985
Listing Agency:
BHHS Fox & Roach - Robbinsville
Listed By:
Maryann Petito · License #1007698
(609) 405-6609
Source:
Desantis-realestate
Added: May 5
Changed: Oct 27
Last Checked: Oct 27 at 3:45AM
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 BHHS Fox & Roach - Robbinsville
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Investment Insights
Based on property information with market context.
This 1,100-square-foot condominium in Hamilton, New Jersey, has two bedrooms and two full bathrooms. Its living and dining areas share an open layout with an updated kitchen, eat-in space, and skylights. The primary bedroom includes a walk-in closet and private bathroom with a stall shower; a second bedroom and in-unit laundry complete the interior features.
Community amenities include an outdoor swimming pool, tennis courts, playgrounds, a dog park, sidewalks, and common grounds. The association fee covers lawn maintenance, snow removal, and trash collection. The property was built in 1985 and is near major highways, shopping, dining, and entertainment.
Community amenities include an outdoor swimming pool, tennis courts, playgrounds, a dog park, sidewalks, and common grounds. The association fee covers lawn maintenance, snow removal, and trash collection. The property was built in 1985 and is near major highways, shopping, dining, and entertainment.
Key Highlights
- 1,100‑square‑foot condominium with 2 bedrooms and 2 full bathrooms
- Updated kitchen with upgraded cabinetry, countertops, and appliances
- Primary suite includes a custom walk‑in closet and private bathroom with stall shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,789
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,780
$335.8K
Cap Rate 7%
$239,843
$239.8K
Cap Rate 9%
$186,544
$186.5K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$33.0K $30.00/SF
− Vacancy
−$2.5K −$2.25/SF
EGI
$30.5K $27.75/SF
− OpEx
−$13.7K −$12.49/SF
NOI
$16.8K $15.26/SF
Area
Mercer County, NJ
Vacancy
7.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,780
Cap Rate 7%
$239,843
Cap Rate 9%
$186,544
Alternative Uses
Best Use
Apartment 5plus
$239.8K
$209.9K – $279.8K
NOI $16,789 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$353.9K
$309.7K – $412.9K
NOI $24,774 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
829
Businesses Nearby
Explore this area
Business Placement
Demographics for 08619, NJ
23,301
Population
9,761
Households
2.4
Avg Household Size
44
Median Age
46%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
2,330
Density / Sq Mi
$104,922
Median Household Income
$56,772
Median Earnings
$1,712
Median Rent
$320,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen, private laundry, and access to shared recreation facilities distinguish this two-bedroom unit.
Where is this residential income property located?
The property is located at 40 WILLOW COURT Hamilton, NJ.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,100‑square‑foot condominium with 2 bedrooms and 2 full bathrooms; Updated kitchen with upgraded cabinetry, countertops, and appliances; Primary suite includes a custom walk‑in closet and private bathroom with stall shower
