Colonial Residential Income
For Sale
$419,900
Pending
526 PINGREE AVENUE, Trenton, NJ 08618
R-2-zoned property with central air, natural gas, forced-air heating, and a driveway.
Property Size1,676 SF
Days on Market18
Property Features for 526 PINGREE AVENUE
General Information
Standard status
Pending
Size
1,676 SF
Total Parking Spaces
5
Property subtype
Residential Income
Zoning
R-2
Taxes and HOA fees
Annual Taxes
$6,915
Amenities
Central Air, Window Unit(s), Electric
Natural Gas, Forced Air
Gas Water Heater
Driveway
Colonial
Building Details
Building Size
1,676 SF
Year Built
1940
Listing Agency:
CB Schiavone & Associates
(609) 731-1244
Listed By:
David Schiavone · License #9588811
(609) 731-1244
Source:
Evrealestate
Added: Jul 25
Changed: Aug 2
Last Checked: Aug 2 at 7:21AM
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 CB Schiavone & Associates
Investment Insights
Based on property information with market context.
Built in 1940, this Colonial-style residential income property includes central air, window unit(s), electric service, natural gas, forced-air heating, and a gas water heater. Exterior improvements include a driveway.
The property is located at 526 Pingree Avenue in Trenton, New Jersey. Directions identify access from Parkway Ave to Latona and then Pingree. The property is designated R-2.
The property is located at 526 Pingree Avenue in Trenton, New Jersey. Directions identify access from Parkway Ave to Latona and then Pingree. The property is designated R-2.
Key Highlights
- R‑2 zoning
- Built in 1940
- Colonial exterior style
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
$25,580
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
6.09%
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%
$511,600
$511.6K
Cap Rate 7%
$365,429
$365.4K
Cap Rate 9%
$284,222
$284.2K
Market Conditions
NOI Build-Up for 1,676 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
$50.3K $30.00/SF
− Vacancy
−$3.8K −$2.25/SF
EGI
$46.5K $27.75/SF
− OpEx
−$20.9K −$12.49/SF
NOI
$25.6K $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%
$511,600
Cap Rate 7%
$365,429
Cap Rate 9%
$284,222
Alternative Uses
Best Use
Apartment 5plus
$365.4K
$319.8K – $426.3K
NOI $25,580 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$539.2K
$471.8K – $629.1K
NOI $37,746 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
553
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - R-2-zoned property with central air, natural gas, forced-air heating, and a driveway.
Where is this residential income property located?
The property is located at 526 PINGREE AVENUE Trenton, NJ.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: R‑2 zoning; Built in 1940; Colonial exterior style
