Two-Family Duplex with Double
For Sale
$325,000
70 Franklin St, Trenton, NJ 08610
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 Market20
Property Features for 70 Franklin St
General Information
Standard status
Active
Size
1,704 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,348
Building Details
Buildings
1
Listing Agency:
EXP Realty, LLC
(866) 201-6210
Listed By:
Paula S Wirth · License #9799460
(609) 977-3293
Source:
Exprealty
Added: Oct 1
Changed: Oct 20
Last Checked: Oct 19 at 9:47AM
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
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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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,551
Businesses Nearby
Explore this area
Business Placement
Demographics for 08610, NJ
32,649
Population
12,363
Households
2.6
Avg Household Size
38
Median Age
25%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
4,412
Density / Sq Mi
$87,159
Median Household Income
$43,990
Median Earnings
$1,491
Median Rent
$248,900
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
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 St 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
