Top-Floor Residential Income
For Sale
$309,000
70 MULBERRY COURT, Trenton, NJ 08619
The two-bedroom, two-bathroom condominium features an open living area and a fireplace.
Property Size1,100 SF
Days on Market138
Property Features for 70 MULBERRY COURT
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
pool
clubhouse
tennis courts
playground
fireplace
Building Details
Building Size
1,100 SF
Year Built
1985
Listing Agency:
Realmart Realty, LLC
Listed By:
Qizhan Jack Yao · License #0902217
(732) 727-2285
Source:
Brunogroup.kw
Added: May 22
Changed: Oct 3
Last Checked: Oct 5 at 3:31PM
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 Realmart Realty, LLC
Investment Insights
Based on property information with market context.
This top-floor condominium in Society Hill at Hamilton has two bedrooms and two full bathrooms. The living area uses an open-plan layout and includes a fireplace. The kitchen is newly updated, and both bathrooms have been remodeled; the primary bathroom includes a double-sink vanity.
Community amenities include a swimming pool, clubhouse, tennis courts, and playground facilities. Hamilton Train Station and access to I-295 and Route 1 are described as nearby.
Community amenities include a swimming pool, clubhouse, tennis courts, and playground facilities. Hamilton Train Station and access to I-295 and Route 1 are described as nearby.
Key Highlights
- Two bedrooms and two full bathrooms
- Top‑floor condominium with an open‑plan living area and fireplace
- Newly updated kitchen and remodeled bathrooms, including a double‑sink vanity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,789
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,780
$335.8K
Cap Rate 7%
$239,843
$239.8K
Cap Rate 9%
$186,544
$186.5K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$33.0K $30.00/SF
− Vacancy
−$2.5K −$2.25/SF
EGI
$30.5K $27.75/SF
− OpEx
−$13.7K −$12.49/SF
NOI
$16.8K $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%
$335,780
Cap Rate 7%
$239,843
Cap Rate 9%
$186,544
Alternative Uses
Best Use
Apartment 5plus
$239.8K
$209.9K – $279.8K
NOI $16,789 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$353.9K
$309.7K – $412.9K
NOI $24,774 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
829
Businesses Nearby
Explore this area
Business Placement
Demographics for 08619, NJ
23,301
Population
9,761
Households
2.4
Avg Household Size
44
Median Age
46%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
2,330
Density / Sq Mi
$104,922
Median Household Income
$56,772
Median Earnings
$1,712
Median Rent
$320,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, two-bathroom condominium features an open living area and a fireplace.
Where is this residential income property located?
The property is located at 70 MULBERRY COURT Trenton, NJ.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Top‑floor condominium with an open‑plan living area and fireplace; Newly updated kitchen and remodeled bathrooms, including a double‑sink vanity
