Residential Income
For Sale
$295,000
43 MULBERRY COURT, Hamilton, NJ 08619
Updated two-bedroom home with a private balcony, in-unit laundry, and access to shared recreation amenities.
Property Size1,100 SF
Price / SF$268.18
Days on Market33
Property Features for 43 MULBERRY 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
Taxes and HOA fees
Annual Taxes
$5,105
Amenities
private balcony
outdoor swimming pool
tennis courts
playgrounds
walking paths
dog park
private laundry and utility area
Building Details
Building Size
1,100 SF
Year Built
1985
Listing Agency:
Kurfiss Sotheby's International Realty
Listed By:
Allen Kravitz · License #1969515
(609) 477-2056
Source:
Desantis-realestate
Added: Sep 26
Changed: Oct 27
Last Checked: Oct 27 at 3:29AM
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 Kurfiss Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 1,100-square-foot, top-floor residence was built in 1985 and has two bedrooms and two bathrooms. Its open living and dining areas connect to an updated kitchen with quartz countertops, stainless steel appliances, and refreshed cabinetry. A private balcony, walk-in closet in the primary suite, en-suite bath, and separate laundry and utility area with storage add to the layout. Improvements include new flooring, paint, and lighting.
The Society Hill community offers an outdoor pool, tennis courts, playgrounds, walking paths, and a dog park. The association handles exterior maintenance, lawn care, snow removal, and trash service.
The Society Hill community offers an outdoor pool, tennis courts, playgrounds, walking paths, and a dog park. The association handles exterior maintenance, lawn care, snow removal, and trash service.
Key Highlights
- 1,100‑square‑foot top‑floor residence with two bedrooms and two bathrooms
- Updated kitchen with quartz countertops and stainless steel appliances
- Private balcony and primary suite with walk‑in closet and en‑suite bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,789
Cap Rate
5.69%
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 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$353.9K
$309.7K – $412.9K
NOI $24,774 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
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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 two-bedroom home with a private balcony, in-unit laundry, and access to shared recreation amenities.
Where is this residential income property located?
The property is located at 43 MULBERRY COURT Hamilton, NJ.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 1,100‑square‑foot top‑floor residence with two bedrooms and two bathrooms; Updated kitchen with quartz countertops and stainless steel appliances; Private balcony and primary suite with walk‑in closet and en‑suite bath
