2-Unit Duplex with Double
New
For Sale
$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 Market2
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
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
Last Checked: Oct 2 at 5:06PM
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.
Investment Insights
Based on property information with market context.
This 1,704-square-foot, frame-construction duplex was built in 1900 and occupies a 0.0918-acre double lot. The first-floor unit has two bedrooms, a living room with a decorative brick fireplace and built-in bar, an eat-in kitchen, and a full bathroom. The second-floor unit includes a living room, eat-in kitchen, and full bathroom, with a walk-up attic above.
Both units have been freshly painted. The second-floor kitchen and bathroom are newer. Heating is forced air. Tenants pay for gas, electricity, and heat; the owner covers taxes, water, sewer, and insurance. Parking is on street.
Both units have been freshly painted. The second-floor kitchen and bathroom are newer. Heating is forced air. Tenants pay for gas, electricity, and heat; the owner covers taxes, water, sewer, and insurance. Parking is on street.
Key Highlights
- Two‑unit duplex on a 0.0918‑acre double lot
- 1,704 square feet; frame construction; built in 1900
- First‑floor unit has two bedrooms, eat‑in kitchen, full bath, decorative brick fireplace, and built‑in bar
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
$26,007
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
8.00%
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%
$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
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
$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 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%
$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
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
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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 - Two residential units have separate living areas and eat-in kitchens, with tenants responsible for gas, electricity, and heat.
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‑unit duplex on a 0.0918‑acre double lot; 1,704 square feet; frame construction; built in 1900; First‑floor unit has two bedrooms, eat‑in kitchen, full bath, decorative brick fireplace, and built‑in bar
