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: Jun 11
Changed: Sep 12
Last Checked: Sep 12 at 7:11AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,109
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
792
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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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
