Two-Unit Residential
For Sale
$265,000
Pending
43 Laurel Avenue, Trenton, NJ 08618
Two separate residences with updated interiors, residential zoning, and one three-bedroom unit.
Property Size1,336 SF
Days on Market218
Property Features for 43 Laurel Avenue
General Information
Standard status
Pending
Size
1,336 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RESIDENTIAL
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,051
Amenities
No
Oven - Single, Range Hood, Refrigerator
Wood Floors
No Pool
Building Details
Year Built
1911
Buildings
1
Listing Agency:
BHHS Fox & Roach - Robbinsville
Listed By:
Iris Nitzan · License #1433656
(609) 273-5550
Source:
Compass
Added: Mar 13
Changed: Oct 14
Last Checked: Oct 15 at 2:14AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit residential property contains 1,336 square feet and was built in 1911. The first residence includes a living area and one full bathroom, while the second offers three bedrooms and one full bathroom. Both units have been updated, and the property is designated RESIDENTIAL zoning.
Located at 43 Laurel Avenue in Trenton, New Jersey, the property is offered in its current AS-IS condition. The purchaser is responsible for obtaining a Certificate of Occupancy and any certifications required by the city. The configuration supports separate residential occupancy within one building.
Located at 43 Laurel Avenue in Trenton, New Jersey, the property is offered in its current AS-IS condition. The purchaser is responsible for obtaining a Certificate of Occupancy and any certifications required by the city. The configuration supports separate residential occupancy within one building.
Key Highlights
- Two‑unit residential property with 1,336 square feet
- Second unit includes 3 bedrooms and 1 full bathroom
- First unit includes 1 full bathroom and a living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,609
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,180
$472.2K
Cap Rate 7%
$337,271
$337.3K
Cap Rate 9%
$262,322
$262.3K
Market Conditions
NOI Build-Up for 1,336 SF
Gross rent
$36.1K $27.00/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$33.7K $25.25/SF
− OpEx
−$10.1K −$7.57/SF
NOI
$23.6K $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%
$472,180
Cap Rate 7%
$337,271
Cap Rate 9%
$262,322
Alternative Uses
Best Use
Multifamily LT 5
$337.3K
$295.1K – $393.5K
NOI $23,609 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$291.3K
$254.9K – $339.9K
NOI $20,391 @ 7.0% cap · market cap 7.69%
Theoretical Best
Warehouse
$429.8K
$376.1K – $501.5K
NOI $30,089 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Explore this area
Business Placement
Demographics for 08618, NJ
37,544
Population
15,284
Households
2.5
Avg Household Size
34
Median Age
24%
College-Educated
86%
High-School Grad
5.9 sq mi
ZIP Area
6,363
Density / Sq Mi
$48,179
Median Household Income
$33,040
Median Earnings
$1,117
Median Rent
$211,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences with updated interiors, residential zoning, and one three-bedroom unit.
Where is this duplex located?
The property is located at 43 Laurel Avenue Trenton, NJ.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two‑unit residential property with 1,336 square feet; Second unit includes 3 bedrooms and 1 full bathroom; First unit includes 1 full bathroom and a living area
