Two-Family Duplex with Double
New
For Sale
$325,000
70 FRANKLIN STREET, Trenton, NJ 08611
The first-floor residence includes a decorative brick fireplace, built-in bar, and eat-in kitchen.
Property Size1,704 SF
Price / SF$190.73
Days on Market6
Property Features for 70 FRANKLIN STREET
General Information
Standard status
Active
Size
1,704 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Buildings
1
Listing Agency:
EXP Realty, LLC
(866) 201-6210
Listed By:
Paula S Wirth · License #9799460
(609) 977-3293
Source:
Cummingsrealtors
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 5 at 7:22PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This two-family property in Trenton has separate residences on the first and second floors, with a walk-up attic above. The first-floor unit includes a living room with a decorative brick fireplace and built-in bar, an eat-in kitchen, two bedrooms, and a full bathroom. Fresh paint and vinyl plank flooring are among its interior updates. The upper unit has a living room, eat-in kitchen, and full bathroom, along with a newer kitchen and bathroom.
The property occupies a double lot. Tenants pay gas, electricity, and heat; the owner covers taxes, water, sewer, and insurance. The owner will provide a clear certificate of occupancy.
The property occupies a double lot. Tenants pay gas, electricity, and heat; the owner covers taxes, water, sewer, and insurance. The owner will provide a clear certificate of occupancy.
Key Highlights
- Two‑family property on a double lot
- First‑floor unit has 2 bedrooms and a full bathroom
- Decorative brick fireplace and built‑in bar in the first‑floor living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,007
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,140
$520.1K
Cap Rate 7%
$371,529
$371.5K
Cap Rate 9%
$288,967
$289.0K
Market Conditions
NOI Build-Up for 1,704 SF
Gross rent
$51.1K $30.00/SF
− Vacancy
−$3.8K −$2.25/SF
EGI
$47.3K $27.75/SF
− OpEx
−$21.3K −$12.49/SF
NOI
$26.0K $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%
$520,140
Cap Rate 7%
$371,529
Cap Rate 9%
$288,967
Alternative Uses
Best Use
Multifamily LT 5
$430.2K
$376.4K – $501.9K
NOI $30,112 @ 7.0% cap · market cap 9.27%
Second Best
Apartment 5plus
$371.5K
$325.1K – $433.5K
NOI $26,007 @ 7.0% cap · market cap 8.00%
Theoretical Best
Warehouse
$548.2K
$479.7K – $639.6K
NOI $38,377 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,551
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The first-floor residence includes a decorative brick fireplace, built-in bar, and eat-in kitchen.
Where is this duplex located?
The property is located at 70 FRANKLIN STREET Trenton, NJ.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two‑family property on a double lot; First‑floor unit has 2 bedrooms and a full bathroom; Decorative brick fireplace and built‑in bar in the first‑floor living room
