Turnkey 6-Unit Multifamily
724 Division Street Trenton, NJ 08611
724 Division Street, Trenton, NJ, 08611
$899,999
For Sale
$899,999
Turnkey six-unit multifamily building with five 1-bed units and one 2-bed unit, plus a currently rented parking lot.
Property Size4,905 SF
Price / SF$183.49
Days on Market320
Property Features for 724 Division Street
General Information
- Standard status
- Active
- Size
- 4,905 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1897
Listing agency
Century 21 Alliance-Moorestown
(609) 321-5893
Listed by
Andrei Essam Mounir Gayed · License #2443593
(609) 321-5893
Source
Compass
Added: Sep 6, 2025 Updated: Jul 22 at 5:26PM Checked: Jul 22 at 5:26PM
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 Century 21 Alliance-Moorestown
Investment Insights
Based on property information with market context.
724 Division Street is a turnkey 6-unit commercial/multifamily property with five 1 bed/1 bath units and one 2 bed/1 bath unit. The parking lot is currently rented, creating additional monthly income.
The property is located in Trenton, NJ within Mercer County, in the Trenton City MLS area. The listing notes Trenton Public Schools as the school district.
As presented in the remarks, the building is positioned as an income-producing investment with a stated in-place rent roll and expenses already reflected in the provided annual net income figures.
The property is located in Trenton, NJ within Mercer County, in the Trenton City MLS area. The listing notes Trenton Public Schools as the school district.
As presented in the remarks, the building is positioned as an income-producing investment with a stated in-place rent roll and expenses already reflected in the provided annual net income figures.
Key Highlights
- Turnkey 6‑unit commercial/multifamily in Trenton, NJ (Mercer County)
- Unit mix: five 1 bed/1 bath units and one 2 bed/1 bath unit
- Parking lot currently rented for $750/month
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 |
4,905 SF · lease $30.00/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.07M
$935.8K – $1.25M
NOI $74,863 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.58M
$1.38M – $1.84M
NOI $110,468 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Turnkey six-unit multifamily building with five 1-bed units and one 2-bed unit, plus a currently rented parking lot.
Where is this apartment building located?
The property is located at 724 Division Street Trenton, NJ.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Turnkey 6‑unit commercial/multifamily in Trenton, NJ (Mercer County); Unit mix: five 1 bed/1 bath units and one 2 bed/1 bath unit; Parking lot currently rented for $750/month
