Two-Unit Duplex with
For Sale
Under Contract
$325,000
70 FRANKLIN Street, Trenton, NJ 08611
Multi-Family, TRENTON, NJ
Property Size1,704 SF
Lot Size0.09 Acres
Price / SF$190.73
Days on Market22
Property Features for 70 FRANKLIN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Subdivision
CHAMBERSBURG
Elementary school district
TRENTON PUBLIC SCHOOLS
Middle school district
TRENTON PUBLIC SCHOOLS
High school district
TRENTON PUBLIC SCHOOLS
Standard status
Active Under Contract
Size
1,704 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
5348
Utilities
Heating system
Forced Air
Building Details
Year built
1900
Number of units
2
Building materials
Frame
Listing Agency:
EXP Realty, LLC
(866) 201-6210
Listed By:
Paula S Wirth · License #9799460
(609) 977-3293
Added: Oct 1
Changed: Oct 21
Last Checked: Oct 22 at 8:06AM
MLS# NJME2084472
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,704-square-foot detached duplex dates to 1900 and contains two residential units. The first-floor apartment has two bedrooms, a full bath, an eat-in kitchen, and a living room with a decorative brick fireplace and built-in bar. The second-floor unit includes a living room, eat-in kitchen, bedroom, and full bath, with a walk-up attic above. Both units have received fresh paint; the second-floor kitchen and bathroom are newer.
The property sits on a 0.0918-acre double lot in the Chambersburg section of Trenton. Parking is on street. Heating is forced air, and the building has frame construction.
The property sits on a 0.0918-acre double lot in the Chambersburg section of Trenton. Parking is on street. Heating is forced air, and the building has frame construction.
Key Highlights
- Detached two‑unit duplex on a 0.0918‑acre double lot
- 1,704 square feet; built in 1900
- First‑floor unit offers two bedrooms, eat‑in kitchen, full bath, fireplace, and built‑in bar
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.
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A detached, two-unit residence occupies a double lot in Trenton’s Chambersburg section.
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: Detached two‑unit duplex on a 0.0918‑acre double lot; 1,704 square feet; built in 1900; First‑floor unit offers two bedrooms, eat‑in kitchen, full bath, fireplace, and built‑in bar
