Penthouse Residential Income
For Sale
$279,900
55 MULBERRY COURT, Hamilton, NJ 08619
Two bedrooms, updated baths, and a private balcony define this condominium in Hamilton’s Society Hill development.
Property Size1,100 SF
Price / SF$254.45
Days on Market105
Property Features for 55 MULBERRY COURT
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Penthouse Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$5,105
Building Details
Building Size
1,100 SF
Year Built
1985
Listing Agency:
Keller Williams Realty
Listed By:
Desantis Real Estate Team · License #342628
(267) 625-7016
Source:
Desantis-realestate
Added: Jul 16
Changed: Oct 28
Last Checked: Oct 28 at 1:38AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 1,100-square-foot penthouse condominium contains two bedrooms and two full bathrooms. The primary bedroom has an updated en-suite bath and a walk-in closet; a second updated bathroom is positioned across the hall from the other bedroom. A remodeled eat-in kitchen connects with the dining area, while the living room opens onto a private balcony facing a wooded area. The building dates to 1985.
Society Hill residents have access to a pool, tennis court, playground, and dog park. The property is minutes from major roadways and a train station.
Society Hill residents have access to a pool, tennis court, playground, and dog park. The property is minutes from major roadways and a train station.
Key Highlights
- 1,100‑square‑foot penthouse condominium
- Two bedrooms and two full bathrooms
- Remodeled eat‑in kitchen and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,789
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,780
$335.8K
Cap Rate 7%
$239,843
$239.8K
Cap Rate 9%
$186,544
$186.5K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$33.0K $30.00/SF
− Vacancy
−$2.5K −$2.25/SF
EGI
$30.5K $27.75/SF
− OpEx
−$13.7K −$12.49/SF
NOI
$16.8K $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%
$335,780
Cap Rate 7%
$239,843
Cap Rate 9%
$186,544
Alternative Uses
Best Use
Apartment 5plus
$239.8K
$209.9K – $279.8K
NOI $16,789 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$353.9K
$309.7K – $412.9K
NOI $24,774 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
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Business Placement
Demographics for 08619, NJ
23,301
Population
9,761
Households
2.4
Avg Household Size
44
Median Age
46%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
2,330
Density / Sq Mi
$104,922
Median Household Income
$56,772
Median Earnings
$1,712
Median Rent
$320,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two bedrooms, updated baths, and a private balcony define this condominium in Hamilton’s Society Hill development.
Where is this residential income property located?
The property is located at 55 MULBERRY COURT Hamilton, NJ.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 1,100‑square‑foot penthouse condominium; Two bedrooms and two full bathrooms; Remodeled eat‑in kitchen and dining area
