Two-Bedroom Residential Income
415 MEADOW WOODS LANE Lawrenceville, NJ 08648
For Sale
$245,000
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 Market17
Property Features for 415 MEADOW WOODS LANE
General Information
- Standard status
- Active
- Size
- 1,016 SF
- Property subtype
- Apartment
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: Jul 8
Changed: Jul 23
Last Checked: Jul 23 at 2:56PM
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.5k | $30.00 |
| − Vacancy | −$2.3k | −$2.25 |
| EGI | $28.2k | $27.75 |
| − OpEx | −$12.7k | −$12.49 |
| NOI | $15.5k | $15.26 |
1,016 SF · lease $30.00/SF/yr · vacancy 7.50% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Residential income properties
FAQs
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.
