79 MODEL Avenue, Hopewell, NJ 08525
MULTI_FAMILY - HOPEWELL, NJ
- Added:
- Jun 11, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 13 at 12:06 am
Property Features for 79 MODEL Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Dining Room
- Parking
- 5
- Parking features
- On Street, Driveway
- Interior features
- 2nd Kitchen, Attic, Bathroom - Tub Shower, Ceiling Fan(s), Entry Level Bedroom, Kitchen - Eat-In, Formal/Separate Dining Room, Wood Floors, Recessed Lighting
- Appliances
- Dishwasher, Dryer, Microwave, Refrigerator, Oven/Range - Gas, Washer
- Standard status
- Active
- Size
- 2,191 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Annual Amount
- 15349
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air, Attic Fan
Building Details
- Year built
- 1900
- Number of units
- 1
- Building materials
- Frame, Metal Siding
Listing agent Robert Dekanski License #232901 (732) 827-5344
Listing office RE/MAX 1st Advantage 170 Inman Avenue, Colonia, NJ (732) 382-0200
Listing date Jun 11, 2026
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
- Two‑family home with interior features including 2nd kitchen, formal/separate dining, recessed lighting, and wood floors
- Includes gas oven/range, dishwasher, microwave, refrigerator, washer, and dryer
- Forced‑air heating with central air and an attic fan
- Unit 1 offers a full bath and 2 bedrooms, plus a dining area and a galley efficiency kitchen
- Unit 2 includes a bedroom with attached full bath and access to a walk‑up attic with additional storage
- 1900‑built frame home with metal siding, driveway and on‑street parking, and an enclosed rear sun porch
Overview
Located in Hopewell, NJ (Mercer County), the property is described as convenient to parks, schools, shopping, and dining, with access to public transportation and major roads for commuting.
From an owner-occupant or investor perspective, the layout supports flexible occupancy, including the option to live in one unit while renting the other, or renting both units. Outdoor amenities include a backyard patio area, shed, and fire pit, along with driveway parking to help support everyday convenience.
Local Financial Insights For Multifamily LT 5
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 | $59.2k | $27.00 |
| − Vacancy | −$3.8k | −$1.76 |
| EGI | $55.3k | $25.25 |
| − OpEx | −$16.6k | −$7.57 |
| NOI | $38.7k | $17.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hopewell
- County
- Mercer
- State
- New Jersey
- Longitude
- -74.76726532
- Latitude
- 40.38808441
