5-Unit Mixed-Use
For Sale
$629,000
685691 CLINTON AVENUE, Trenton, NJ 08611
Five-unit property with four residences and a restaurant/corner store, including an updated apartment and billboard income.
Property Size3,468 SF
Price / SF$181.37
Days on Market20
Property Features for 685691 CLINTON AVENUE
General Information
Standard status
Active
Size
3,468 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$13,305
Amenities
3
Parking. Corner Lot.
On Street.
75.00 x 29.00
Corner.
Building Details
Year Built
1950
Listing Agency:
(609) 954-8669
Listed By:
Robbinsville
(609) 954-8669
Source:
Xome
Added: Jul 21
Changed: Aug 8
Last Checked: Aug 9 at 5:14AM
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 Robbinsville
Investment Insights
Based on property information with market context.
This 5-unit mixed-use property includes four residential units and one restaurant/corner store. The residential mix features two 2-bedroom units, one 1-bedroom unit, and one studio unit. One of the apartments (Apartment 3) has been newly updated with a new kitchen.
The property is listed as 685–691 S Clinton Ave and 125 Dye St. The offering also includes an income-producing billboard. The asset is described as clean and professionally managed, with current City registration and a Certificate of Occupancy (CO).
According to the seller, the property is currently producing positive net operating income, with additional upside noted. Showings are by appointment only and subject to pre-scheduled tenant showing times. Buyer purchase verification and proof of funds are required for tenant security.
The property is listed as 685–691 S Clinton Ave and 125 Dye St. The offering also includes an income-producing billboard. The asset is described as clean and professionally managed, with current City registration and a Certificate of Occupancy (CO).
According to the seller, the property is currently producing positive net operating income, with additional upside noted. Showings are by appointment only and subject to pre-scheduled tenant showing times. Buyer purchase verification and proof of funds are required for tenant security.
Key Highlights
- 5‑unit mixed‑use property: 4 residential units and 1 restaurant/corner store
- Two 2‑bedroom units, one 1‑bedroom unit, and one studio unit
- Newly updated apartment 3 with a new kitchen
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
$55,565
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
8.83%
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%
$1,111,300
$1.1M
Cap Rate 7%
$793,786
$793.8K
Cap Rate 9%
$617,389
$617.4K
Market Conditions
NOI Build-Up for 3,468 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
$77.8K $22.44/SF
− Vacancy
−$3.7K −$1.08/SF
EGI
$74.1K $21.36/SF
− OpEx
−$18.5K −$5.34/SF
NOI
$55.6K $16.02/SF
Area
Mercer County, NJ
Vacancy
4.80%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
25.00%
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%
$1,111,300
Cap Rate 7%
$793,786
Cap Rate 9%
$617,389
Alternative Uses
Best Use
Multifamily LT 5
$875.5K
$766.1K – $1.02M
NOI $61,285 @ 7.0% cap · market cap 9.74%
Second Best
Specialty Retail
$793.8K
$694.6K – $926.1K
NOI $55,565 @ 7.0% cap · market cap 8.83%
Theoretical Best
Warehouse
$1.12M
$976.3K – $1.30M
NOI $78,105 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Explore this area
Business Placement
Demographics for 08611, NJ
31,531
Population
11,638
Households
2.7
Avg Household Size
32
Median Age
16%
College-Educated
70%
High-School Grad
2.9 sq mi
ZIP Area
10,873
Density / Sq Mi
$50,806
Median Household Income
$29,185
Median Earnings
$1,300
Median Rent
$142,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Five-unit property with four residences and a restaurant/corner store, including an updated apartment and billboard income.
Where is this quadplex located?
The property is located at 685691 CLINTON AVENUE Trenton, NJ.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: 5‑unit mixed‑use property: 4 residential units and 1 restaurant/corner store; Two 2‑bedroom units, one 1‑bedroom unit, and one studio unit; Newly updated apartment 3 with a new kitchen
