Updated Multifamily Income
713 West State Street Trenton, NJ 08618
For Sale
$485,000
Five rented units include one one-bedroom and four studios, with the owner handling utilities for common areas.
Property Size2,365 SF
Price / SF$205.07
Days on Market152
Property Features for 713 West State Street
General Information
- Standard status
- Active
- Size
- 2,365 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1896
Listing Agency:
Keller Williams Premier
(609) 306-9189
Listed By:
Patricia Hogan · License #339824
(609) 306-9189
Source:
Compass
Added: Feb 21
Changed: Jul 23
Last Checked: Jul 23 at 4:57PM
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 Keller Williams Premier
Investment Insights
Based on property information with market context.
This for-sale residential income property features five rented units plus a garage. Unit 1F is a one-bedroom, while the remaining units are studio apartments. The public remarks state that all units have been updated and are described as clean.\n\nThe owner pays for the buildings’ water, heat, and electricity for outside and hallways within the house. The property is offered strictly “AS IS,” and the buyer is responsible for all city permits and inspections.\n\nFor planning purposes, transportation access is noted with a bus stop less than 1 mile away, and the listing indicates Trenton Public Schools as the school district.
Key Highlights
- Five rented units in total: one 1‑bedroom unit (1F) and four studio apartments
- Owner pays utilities for common areas, including building water, heat, and electricity for outside and hallways
- Year built: 1896
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.0k | $30.00 |
| − Vacancy | −$5.3k | −$2.25 |
| EGI | $65.6k | $27.75 |
| − OpEx | −$29.5k | −$12.49 |
| NOI | $36.1k | $15.26 |
2,365 SF · lease $30.00/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$515.7K
$451.2K – $601.6K
NOI $36,096 @ 7.0% cap · market cap 7.44%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$760.9K
$665.8K – $887.7K
NOI $53,264 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five rented units include one one-bedroom and four studios, with the owner handling utilities for common areas.
Where is this apartment building located?
The property is located at 713 West State Street Trenton, NJ.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Five rented units in total: one 1‑bedroom unit (1F) and four studio apartments; Owner pays utilities for common areas, including building water, heat, and electricity for outside and hallways; Year built: 1896
