Detached Duplex with Driveway
961 South Olden Avenue Hamilton, NJ 08610
961 South Olden Avenue, Hamilton, NJ, 08610
$515,000
Pending
For Sale
$515,000
Pending
Well-maintained detached duplex with two leased units, each offering two bedrooms, eat-in kitchens, and separate utilities.
Property Size1,664 SF
Days on Market121
Property Features for 961 South Olden Avenue
General Information
- Standard status
- Pending
- Size
- 1,664 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1940
Listing agency
Keller Williams Premier
(609) 598-0761
Listed by
Bishop Brar · License #1538605
(609) 598-0761
Source
Compass
Added: Mar 24 Updated: Jul 21 at 3:45AM Checked: Jul 21 at 3:45AM
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 Keller Williams Premier
Investment Insights
Based on property information with market context.
This well-maintained detached duplex includes two spacious units, each with two bedrooms, one bathroom, an eat-in kitchen, and comfortable living areas. The property is reported to be in very good condition and is fully leased, supporting immediate income.
The duplex sits on a generous lot with driveway parking. Public water and sewer are available, and the units have separate utilities.
Located in Hamilton Township in Mercer County, the home is described as conveniently positioned near major routes, shopping, and local amenities, making it a straightforward residential income offering for either investors or owner-occupants.
The duplex sits on a generous lot with driveway parking. Public water and sewer are available, and the units have separate utilities.
Located in Hamilton Township in Mercer County, the home is described as conveniently positioned near major routes, shopping, and local amenities, making it a straightforward residential income offering for either investors or owner-occupants.
Key Highlights
- Detached duplex built in 1940 with 2 spacious units, each with 2 bedrooms and 1 bath
- Approximately 1,664 sq ft total living area, with eat‑in kitchens and combined dining/living interiors
- Fully leased property providing immediate rental income
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 | $44.9k | $27.00 |
| − Vacancy | −$2.9k | −$1.76 |
| EGI | $42.0k | $25.25 |
| − OpEx | −$12.6k | −$7.57 |
| NOI | $29.4k | $17.67 |
1,664 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$420.1K
$367.6K – $490.1K
NOI $29,405 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$362.8K
$317.5K – $423.3K
NOI $25,397 @ 7.0% cap · market cap 4.93%
Theoretical Best
Warehouse
$535.4K
$468.5K – $624.6K
NOI $37,476 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained detached duplex with two leased units, each offering two bedrooms, eat-in kitchens, and separate utilities.
Where is this duplex located?
The property is located at 961 South Olden Avenue Hamilton, NJ.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Detached duplex built in 1940 with 2 spacious units, each with 2 bedrooms and 1 bath; Approximately 1,664 sq ft total living area, with eat‑in kitchens and combined dining/living interiors; Fully leased property providing immediate rental income
