Turnkey Duplex with Separate
For Sale
$229,000
50 MURRAY Street, Trenton, NJ 08618
MULTI_FAMILY - Other - TRENTON, NJ
Property Size1,252 SF
Lot Size0.04 Acres
Price / SF$182.91
Days on Market28
Property Features for 50 MURRAY Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Dining Room, Basement
Parking features
On Street
Interior features
Dining Area, Bathroom - Tub Shower, Kitchen - Eat-In, Upgraded Countertops, Carpet
Appliances
Oven/Range - Gas, Refrigerator
Elementary school district
TRENTON PUBLIC SCHOOLS
Middle school district
TRENTON PUBLIC SCHOOLS
High school district
TRENTON PUBLIC SCHOOLS
Standard status
Active
Size
1,252 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
3846
Utilities
Heating system
Forced Air
Building Details
Year built
1896
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
RealtyMark Properties
(856) 322-0200
Listed By:
Keith L Proctor · License #674871
(609) 540-3731
Added: Jul 26
Changed: Jul 28
Last Checked: Aug 22 at 7:06PM
MLS# NJME2081040
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey duplex at 50 Murray Street offers two separate units with separate utilities, suited to buyers looking for flexible occupancy or rental income. The building features a brick exterior and forced-air heating. Interior highlights include a dining area, eat-in kitchen, upgraded countertops, carpeted areas, and a tub/shower bathroom, with an oven/range (gas) and refrigerator included. The layout includes a dining room and basement space, and the property offers on-street parking.
Set on a 0.043-acre lot with a 1,252-square-foot building, the property was built in 1896.
Each unit’s separate utilities and long-standing rental history support an owner-occupant, house-hacker approach, while also fitting a traditional investment setup.
Set on a 0.043-acre lot with a 1,252-square-foot building, the property was built in 1896.
Each unit’s separate utilities and long-standing rental history support an owner-occupant, house-hacker approach, while also fitting a traditional investment setup.
Key Highlights
- Brick duplex with separate utilities for each unit
- Turnkey two‑unit setup with a dining area and eat‑in kitchen
- Forced‑air heating
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
Property Profile
Current Use
Lease Details
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with brick exterior, forced-air heat, and separate utilities for each unit.
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 duplex with separate utilities for each unit; Turnkey two‑unit setup with a dining area and eat‑in kitchen; Forced‑air heating
