Brick Two-Unit
For Sale
$229,000
50 MURRAY STREET, Trenton, NJ 08618
Brick two-unit duplex with separate utilities and a consistent rental history, built in 1896.
Property Size1,252 SF
Price / SF$182.91
Days on Market95
Property Features for 50 MURRAY STREET
General Information
Standard status
Active
Size
1,252 SF
Property subtype
Duplex
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1896
Construction
brick
Tenancy
Multi
Listing Agency:
RealtyMark Properties
(856) 322-0200
Listed By:
Keith L Proctor · License #674871
(609) 540-3731
Source:
Cummingsrealtors
Added: Jul 26
Changed: Oct 27
Last Checked: Oct 28 at 8:04AM
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 RealtyMark Properties
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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 brick two-unit duplex offers a straightforward layout for owner-occupants or investors, with separate utilities for each unit. The property has a consistent rental history and includes many recent upgrades, supported by ongoing improvements described in the remarks.
Built in 1896, the building totals 1,252 square feet. Separate utility setups can be beneficial for operational control and tenant billing simplicity, while the brick exterior provides durable exterior character.
Whether you’re looking to occupy one unit while renting the other or evaluating the property as a rental, the combination of separate utilities, a documented rental history, and recent upgrades supports practical day-to-day use. The property is identified as 50 Murray Street, Trenton, NJ 08618.
Built in 1896, the building totals 1,252 square feet. Separate utility setups can be beneficial for operational control and tenant billing simplicity, while the brick exterior provides durable exterior character.
Whether you’re looking to occupy one unit while renting the other or evaluating the property as a rental, the combination of separate utilities, a documented rental history, and recent upgrades supports practical day-to-day use. The property is identified as 50 Murray Street, Trenton, NJ 08618.
Key Highlights
- Brick two‑unit duplex with separate utilities for each unit
- Consistent rental history described over the years
- Recent upgrades throughout the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,109
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,180
$382.2K
Cap Rate 7%
$272,986
$273.0K
Cap Rate 9%
$212,322
$212.3K
Market Conditions
NOI Build-Up for 1,252 SF
Gross rent
$37.6K $30.00/SF
− Vacancy
−$2.8K −$2.25/SF
EGI
$34.7K $27.75/SF
− OpEx
−$15.6K −$12.49/SF
NOI
$19.1K $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%
$382,180
Cap Rate 7%
$272,986
Cap Rate 9%
$212,322
Alternative Uses
Best Use
Multifamily LT 5
$316.1K
$276.6K – $368.8K
NOI $22,125 @ 7.0% cap · market cap 9.66%
Second Best
Apartment 5plus
$273.0K
$238.9K – $318.5K
NOI $19,109 @ 7.0% cap · market cap 8.34%
Theoretical Best
Warehouse
$402.8K
$352.5K – $470.0K
NOI $28,197 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
792
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?
Duplex - Brick two-unit duplex with separate utilities and a consistent rental history, built in 1896.
Where is this duplex located?
The property is located at 50 MURRAY STREET Trenton, NJ.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Brick two‑unit duplex with separate utilities for each unit; Consistent rental history described over the years; Recent upgrades throughout the building
