Penthouse Residential Income
For Sale
$379,000
Pending
968 ROBBINSVILLE EDINBURG ROAD #302, Robbinsville, NJ 08691
Two-bedroom, two-bath residence with elevator access, underground parking, renovated baths, and an open kitchen-living layout.
Property Size1,373 SF
Days on Market47
Property Features for 968 ROBBINSVILLE EDINBURG ROAD #302
General Information
Standard status
Pending
Size
1,373 SF
Property subtype
Apartment
Building Details
Year Built
2013
Listing Agency:
Douglas Elliman of NJ, LLC
(732) 387-3807
Listed By:
Susan A Norman · License #9133614
(609) 273-4811
Source:
Cummingsrealtors
Added: Sep 20
Changed: Nov 5
Last Checked: Nov 4 at 3:53PM
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 Douglas Elliman of NJ, LLC
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Investment Insights
Based on property information with market context.
This top-floor residential property offers 1,373 square feet with two bedrooms and two bathrooms. The open main level includes hardwood flooring, upgraded lighting, ceiling fans, a kitchen with granite countertops, a center island, 42-inch wood cabinetry, stainless steel appliances, and a built-in desk. A café dining area connects with the living room, while the primary suite features two custom closets and a renovated ensuite bath with double sinks, a walk-in shower, and additional storage. The second bedroom includes double closets and can also serve as a home office. A dedicated laundry room includes a newer washer and dryer.
The residence was built in 2013 and includes one assigned underground garage space plus overflow lot parking. Elevator service is available in the secure building. The property overlooks Robbinsville Town Center and is near dining, shopping, major roads and highways, medical facilities, and the Hamilton and Princeton Junction train stations.
The residence was built in 2013 and includes one assigned underground garage space plus overflow lot parking. Elevator service is available in the secure building. The property overlooks Robbinsville Town Center and is near dining, shopping, major roads and highways, medical facilities, and the Hamilton and Princeton Junction train stations.
Key Highlights
- Top‑floor residence with 1,373 square feet of living space
- Two bedrooms and two bathrooms with renovated ensuite and secondary baths
- Kitchen features granite counters, center island, 42‑inch cabinetry, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,955
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,100
$419.1K
Cap Rate 7%
$299,357
$299.4K
Cap Rate 9%
$232,833
$232.8K
Market Conditions
NOI Build-Up for 1,373 SF
Gross rent
$41.2K $30.00/SF
− Vacancy
−$3.1K −$2.25/SF
EGI
$38.1K $27.75/SF
− OpEx
−$17.1K −$12.49/SF
NOI
$21.0K $15.26/SF
Area
Mercer County, NJ
Vacancy
7.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,100
Cap Rate 7%
$299,357
Cap Rate 9%
$232,833
Alternative Uses
Best Use
Apartment 5plus
$299.4K
$261.9K – $349.3K
NOI $20,955 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$441.7K
$386.5K – $515.4K
NOI $30,922 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
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Business Placement
Demographics for 08691, NJ
16,866
Population
7,322
Households
2.3
Avg Household Size
43
Median Age
63%
College-Educated
97%
High-School Grad
24.2 sq mi
ZIP Area
697
Density / Sq Mi
$129,900
Median Household Income
$85,331
Median Earnings
$1,845
Median Rent
$523,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom, two-bath residence with elevator access, underground parking, renovated baths, and an open kitchen-living layout.
Where is this residential income property located?
The property is located at 968 ROBBINSVILLE EDINBURG ROAD #302 Robbinsville, NJ.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Top‑floor residence with 1,373 square feet of living space; Two bedrooms and two bathrooms with renovated ensuite and secondary baths; Kitchen features granite counters, center island, 42‑inch cabinetry, and stainless steel appliances
