Mixed-Use Property with
847 Hamilton St, Franklin, NJ 08873
For Sale
$1,175,000
The property combines three residential apartments with two commercial storefronts.
Property Size3,360 SF
Price / SF$349.70
Days on Market13
Property Features for 847 Hamilton St
General Information
Standard status
Size
Property subtype
Additional Details
Mixed-Use Components
Multifamily Units
Tenant in Place
Building Details
Tenancy
Listing Agency:
Real Broker, LLC
Listed By:
John Natale · License #790719
(855) 450-0442
Source:
Soldbypattie
Added: Oct 26
Changed: Nov 6
Last Checked: Aug 25 at 5:29AM
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 Real Broker, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 847 Hamilton St. in Franklin Twp., this mixed-use property has three residential apartments and two commercial retail spaces. The brick building dates to 1970 and sits on a 0.11-acre lot measuring 50 by 100 feet.
Public water serves the property. Its residential and commercial components are located within the same building.
Public water serves the property. Its residential and commercial components are located within the same building.
Key Highlights
- Three residential apartments and two commercial stores
- Brick building constructed in 1970
- 0.11‑acre lot measuring 50X100
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,464
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,129,280
$1.1M
Cap Rate 7%
$806,629
$806.6K
Cap Rate 9%
$627,378
$627.4K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$116.1K $34.56/SF
− Vacancy
−$25.8K −$7.67/SF
EGI
$90.3K $26.89/SF
− OpEx
−$33.9K −$10.08/SF
NOI
$56.5K $16.80/SF
Area
Somerset County, NJ
Vacancy
22.20%
Lease Rate
$34.56 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,129,280
Cap Rate 7%
$806,629
Cap Rate 9%
$627,378
Alternative Uses
Best Use
Mixed Use
$806.6K
$705.8K – $941.1K
NOI $56,464 @ 7.0% cap · market cap 4.81%
Second Best
Retail
$685.1K
$599.5K – $799.3K
NOI $47,958 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$877.4K
$767.7K – $1.02M
NOI $61,415 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Explore this area
Business Placement
Demographics for 08873, NJ
55,500
Population
22,142
Households
2.5
Avg Household Size
42
Median Age
54%
College-Educated
93%
High-School Grad
32.1 sq mi
ZIP Area
1,729
Density / Sq Mi
$117,866
Median Household Income
$61,727
Median Earnings
$1,942
Median Rent
$438,600
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Somerset County, NJ
Properties on Market for Mixed-use properties in Somerset County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines three residential apartments with two commercial storefronts.
Where is this mixed-use property located?
The property is located at 847 Hamilton St Franklin, NJ.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Three residential apartments and two commercial stores; Brick building constructed in 1970; 0.11‑acre lot measuring 50X100
