Two-Bedroom Residential Income
For Sale
$245,000
415 MEADOW WOODS LANE, Lawrenceville, NJ 08648
Two-bedroom, open-concept unit with a private balcony and dedicated mechanical room with newer HVAC components.
Property Size1,016 SF
Price / SF$241.14
Days on Market54
Property Features for 415 MEADOW WOODS LANE
General Information
Standard status
Active
Size
1,016 SF
Property subtype
Apartment
Amenities
garden courtyard
private balcony
Building Details
Year Built
1970
Listing Agency:
BHHS Fox & Roach - Princeton
(609) 933-9988
Listed By:
Yuen Li Huang · License #0234160
(609) 933-9988
Source:
Cummingsrealtors
Added: Jun 17
Changed: Aug 8
Last Checked: Aug 9 at 4:43AM
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 - Princeton
Investment Insights
Based on property information with market context.
This two-bedroom residential income unit offers an airy, open-concept layout where the kitchen, dining, and living areas blend and extend to a private balcony. The primary bedroom is generously sized and includes two substantial closets, while an additional linen closet is positioned just outside the bright full bath.
The home is entered through a landscaped garden courtyard, providing a quiet, boutique-style community feel. Practical conveniences include a front entry coat/storage closet and a dedicated mechanical room housing a newer hot water heater, furnace, and A/C.
Located at 415 Meadow Woods Lane in Lawrenceville, NJ, the unit is presented for sale and is designed for comfortable, ready-to-occupy living with modern mechanical updates.
The home is entered through a landscaped garden courtyard, providing a quiet, boutique-style community feel. Practical conveniences include a front entry coat/storage closet and a dedicated mechanical room housing a newer hot water heater, furnace, and A/C.
Located at 415 Meadow Woods Lane in Lawrenceville, NJ, the unit is presented for sale and is designed for comfortable, ready-to-occupy living with modern mechanical updates.
Key Highlights
- Two‑bedroom, open‑concept residence with a private balcony.
- Year built: 1970.
- Kitchen, dining, and living spaces flow together in an airy open‑concept layout.
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
$15,507
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
6.33%
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%
$310,140
$310.1K
Cap Rate 7%
$221,529
$221.5K
Cap Rate 9%
$172,300
$172.3K
Market Conditions
NOI Build-Up for 1,016 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
$30.5K $30.00/SF
− Vacancy
−$2.3K −$2.25/SF
EGI
$28.2K $27.75/SF
− OpEx
−$12.7K −$12.49/SF
NOI
$15.5K $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 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%
$310,140
Cap Rate 7%
$221,529
Cap Rate 9%
$172,300
Alternative Uses
Best Use
Apartment 5plus
$221.5K
$193.8K – $258.5K
NOI $15,507 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$326.9K
$286.0K – $381.4K
NOI $22,882 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,117
Businesses Nearby
Explore this area
Business Placement
Demographics for 08648, NJ
31,955
Population
12,217
Households
2.6
Avg Household Size
40
Median Age
60%
College-Educated
92%
High-School Grad
16.7 sq mi
ZIP Area
1,913
Density / Sq Mi
$118,036
Median Household Income
$54,833
Median Earnings
$1,953
Median Rent
$395,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom, open-concept unit with a private balcony and dedicated mechanical room with newer HVAC components.
Where is this residential income property located?
The property is located at 415 MEADOW WOODS LANE Lawrenceville, NJ.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Two‑bedroom, open‑concept residence with a private balcony.; Year built: 1970.; Kitchen, dining, and living spaces flow together in an airy open‑concept layout.
