Building Details

Year Built 1920

Listing Agency: Weichert Realtors-Cherry Hill

Listed By: Tahesia Reid · License #2448580 Show Phone

Source: Viewmarylandhomesforsale

Added: Oct 12 Changed: Oct 15 Last Checked: Oct 14 at 9:04PM

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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 Weichert Realtors-Cherry Hill

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Investment Insights

Based on property information with market context.

This 1,280-square-foot duplex has a finished walk-out basement arranged as a studio suite, with its own kitchen, living area, bedroom, and full bathroom. The main level connects the living room and dining area with the kitchen and laundry area, plus a half bathroom. Additional features include a finished attic, forced-air and electric baseboard heating, and carpeted bedrooms. The property was built in 1920 and has been updated and painted.

The exterior includes a fenced backyard and a front porch. A train station is within minutes of the property.

Key Highlights

• 1,280‑square‑foot duplex built in 1920
• Finished walk‑out basement studio with kitchen, living area, bedroom, and full bathroom
• Two full kitchens and two full bathrooms, plus a half bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,620

Cap Rate

6.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$452,400 $452.4K

Cap Rate 7%

$323,143 $323.1K

Cap Rate 9%

$251,333 $251.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,280 SF

Gross rent

$34.6K $27.00/SF

− Vacancy

−$2.2K −$1.76/SF

EGI

$32.3K $25.25/SF

− OpEx

−$9.7K −$7.57/SF

NOI

$22.6K $17.67/SF

Area

Mercer County, NJ

Vacancy

6.50%

Lease Rate

$27.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$452,400

Cap Rate 7%

$323,143

Cap Rate 9%

$251,333

Alternative Uses

Best Use

Multifamily LT 5

$323.1K

$282.8K – $377.0K (±1% cap)

NOI $22,620 @ 7.0% cap · market cap 6.65%

Second Best

Apartment 5plus

$279.1K

$244.2K – $325.6K (±1% cap)

NOI $19,536 @ 7.0% cap · market cap 5.75%

Theoretical Best

Warehouse

$411.8K

$360.4K – $480.5K (±1% cap)

NOI $28,828 @ 7.0% cap · market cap 8.48%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Electrical Service Accounting Firm Acupuncture Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,417

Businesses Nearby

Explore this area Business Placement

Demographics for 08609, NJ

14,867

Population

5,347

Households

2.8

Avg Household Size

33

Median Age

10%

College-Educated

72%

High-School Grad

1.3 sq mi

ZIP Area

11,436

Density / Sq Mi

$56,932

Median Household Income

$36,133

Median Earnings

$1,218

Median Rent

$96,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - A finished lower-level suite adds a second kitchen, living area, bedroom, and full bathroom.

Where is this duplex located?

The property is located at 532 Tyler St Trenton, NJ.

What is the asking price?

The asking price for this property is $340,000.

What are key features of this property?

This property features: 1,280‑square‑foot duplex built in 1920; Finished walk‑out basement studio with kitchen, living area, bedroom, and full bathroom; Two full kitchens and two full bathrooms, plus a half bathroom