Corner-Lot Mixed-Use
789 Chambers St Trenton, NJ 08611
New
For Sale
$799,000
Two leased residential units and ground-floor retail are included, with the retail delivered vacant at closing.
Property Size5,568 SF
Price / SF$143.50
Days on Market4
Property Features for 789 Chambers St
General Information
- Standard status
- Active
- Size
- 5,568 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency:
LEGACY REALTY GROUP
(732) 744-0400
Listed By:
MAROOF SIDDIQI
Source:
Corcoran
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 24 at 6:17AM
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 LEGACY REALTY GROUP
Investment Insights
Based on property information with market context.
789 Chambers Street, Trenton, NJ presents a corner-lot mixed-use configuration with two fully-leased residential units and ground-floor retail space. Unit 1 offers three bedrooms and two full bathrooms, and Unit 2 offers two bedrooms and two full bathrooms. The ground-floor retail is delivered vacant at closing, totaling approximately 2,500 square feet, giving an owner the flexibility to bring in a new commercial tenant.
The property is designed for street-level visibility with ample storage referenced in the marketing materials. This is a real estate sale only.
The property is designed for street-level visibility with ample storage referenced in the marketing materials. This is a real estate sale only.
Key Highlights
- Built in 1950 mixed‑use property in Trenton, NJ
- Two leased residential units: Unit 1 has 3 beds and 2 full baths; Unit 2 has 2 beds and 2 full baths
- Approximately 2,500 sq ft ground‑floor retail space delivered vacant at closing
Financial Insights For Mixed Use
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 | $133.6k | $24.00 |
| − Vacancy | −$16.0k | −$2.88 |
| EGI | $117.6k | $21.12 |
| − OpEx | −$44.1k | −$7.92 |
| NOI | $73.5k | $13.20 |
5,568 SF · lease $24.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Multifamily LT 5
$1.41M
$1.23M – $1.64M
NOI $98,395 @ 7.0% cap · market cap 12.31%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.42M
NOI $84,982 @ 7.0% cap · market cap 10.64%
Theoretical Best
Warehouse
$1.79M
$1.57M – $2.09M
NOI $125,400 @ 7.0% cap · market cap 15.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Mixed-use property - Two leased residential units and ground-floor retail are included, with the retail delivered vacant at closing.
Where is this mixed-use property located?
The property is located at 789 Chambers St Trenton, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Built in 1950 mixed‑use property in Trenton, NJ; Two leased residential units: Unit 1 has 3 beds and 2 full baths; Unit 2 has 2 beds and 2 full baths; Approximately 2,500 sq ft ground‑floor retail space delivered vacant at closing
