Brick-and-Siding Multifamily
For Sale
$239,999
49 Ellsworth Ave, Trenton, NJ 08618
The property features brick-and-siding construction and was built in 1920.
Property Size1,400 SF
Price / SF$171.43
Days on Market90
Property Features for 49 Ellsworth Ave
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Multi-Family
Building Details
Year Built
1920
Construction
brick/siding
Listing Agency:
Coldwell Banker Residential Brokerage - Princeton
Listed By:
Shalaya M. Thomas · License #2190002
(609) 815-9836
Source:
Soldbypattie
Added: Jul 25
Changed: Oct 1
Last Checked: Oct 7 at 3:29PM
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 Coldwell Banker Residential Brokerage - Princeton
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Investment Insights
Based on property information with market context.
Built in 1920, this multifamily property has brick-and-siding construction and a functional layout. The property size is listed as 1,400, though no unit of measurement is provided. Township inspections and certifications are the buyer’s responsibility.
Key Highlights
- Multifamily property built in 1920
- Brick‑and‑siding construction
- Functional layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,368
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,360
$427.4K
Cap Rate 7%
$305,257
$305.3K
Cap Rate 9%
$237,422
$237.4K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$42.0K $30.00/SF
− Vacancy
−$3.2K −$2.25/SF
EGI
$38.9K $27.75/SF
− OpEx
−$17.5K −$12.49/SF
NOI
$21.4K $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%
$427,360
Cap Rate 7%
$305,257
Cap Rate 9%
$237,422
Alternative Uses
Best Use
Apartment 5plus
$305.3K
$267.1K – $356.1K
NOI $21,368 @ 7.0% cap · market cap 8.90%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$450.4K
$394.1K – $525.5K
NOI $31,530 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property features brick-and-siding construction and was built in 1920.
Where is this multifamily property located?
The property is located at 49 Ellsworth Ave Trenton, NJ.
What is the asking price?
The asking price for this property is $239,999.
What are key features of this property?
This property features: Multifamily property built in 1920; Brick‑and‑siding construction; Functional layout
