724 DIVISION Street, Trenton, NJ 08611
- Added:
- Oct 29, 2025
- Days on Market:
- 239
- Last Refresh:
- Jun 24 at 12:06 am
Property Features for 724 DIVISION Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street, Parking Lot
- Standard status
- Active
- Size
- 4,905 SF
Taxes and HOA fees
- Tax Annual Amount
- 11108
Utilities
- Heating system
- Other (Heating)
Building Details
- Year built
- 1897
- Number of units
- 4
- Building materials
- Frame
Listing agent Andrei Essam Mounir Gayed License #2447352 (609) 321-5893
Listing office Century 21 Alliance-Moorestown 704 E Main Street unit: K, Mount Laurel, NJ (856) 235-4664
Listing date Oct 29, 2025
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.
HighLights
- Six‑unit commercial/multifamily building built in 1897 with frame construction
- Unit mix: five 1 bed/1 bath units and one 2 bed/1 bath unit
- Parking lot is currently rented for $750/month
- Total gross monthly income is $8,796
- Annual net income after expenses is $82,244 with a 9.1% cap rate
- Estimated Section 8 rents of $10,050/month project $106,292 annual net income after expenses and an 11.19% cap rate
Overview
Located at 724 Division Street in Trenton, New Jersey (Mercer County), the offering is presented as a ready-to-operate income property with minimal owner expenses, supported by an in-place rent roll.
The current gross monthly income is $8,796, with annual net income reported at $82,244 after expenses, reflecting a 9.1% cap rate as stated in the provided materials. The remarks also note an estimated Section 8 rent scenario of $10,050 per month, which is projected to result in annual net income of $106,292 after expenses and an 11.19% cap rate. Make sure you are on time to all showings, as the property manager will leave after 10 minutes of being late.
Local 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 | $147.2k | $30.00 |
| − Vacancy | −$11.0k | −$2.25 |
| EGI | $136.1k | $27.75 |
| − OpEx | −$61.3k | −$12.49 |
| NOI | $74.9k | $15.26 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Trenton
- County
- Mercer
- State
- New Jersey
- Longitude
- -74.74346
- Latitude
- 40.20753
