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2695 Main St 10 Unit Apartment Building $875,000 ($87,500/Unit) 10% Cap Rate Lawrence, NJ 08648
Investment Highlights
- located downtown main street near lawrenceville school ,starbucks, shops and restaurants
- low vacancy rate
- private parking lot
Executive Summary
Open house Sat Jan 3 11am to 1pm. Rare opportunity in downtown Lawrenceville, NJ to own a historic 4-unit multi-family property in a walkable, highly desirable area. Steps to Starbucks, Lawrenceville Presbyterian Church, The Lawrenceville School, and an array of shops and dining. Property Highlights Four (4) rental units; all utilities separately metered Off-street parking with capacity for multiple tenants Hardwood flooring and exposed beams throughout; multiple fireplaces in select units Fully vacant and readily showable; easy to demonstrate all four units Property being sold strictly “as-is”; buyer to perform due diligence and any required rehab and obtain township CO Investment Details Appraised in 2025 at $1,000,000 in current condition (appraisal available to serious inquiries) Excellent redevelopment potential with significant upside through renovations and savvy management Potential Gross Rental Income $9500 montHly/ 114,000 yearly ESTIMATED REHAB 100K ARV 1.2
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts Under Contract
| Price | $875,000 | Apartment Style | Low-Rise |
| Price Per Unit | $87,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.57 AC |
| Cap Rate | 10% | Building Size | 2,909 SF |
| Sale Condition | Deferred Maintenance | Average Occupancy | 0% |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1789 |
| Property Subtype | Apartment |
| Price | $875,000 |
| Price Per Unit | $87,500 |
| Sale Type | Investment |
| Cap Rate | 10% |
| Sale Condition | Deferred Maintenance |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 2,909 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 1789 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,500 | - |
| 3+1 | 2 | $2,800 | - |
| 1+1 | 4 | $1,650 | - |
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Property Taxes
| Parcel Number | 07-06301-0000-00062 | Improvements Assessment | $328,900 (2025) |
| Land Assessment | $130,500 (2025) | Total Assessment | $459,400 (2025) |
Property Taxes
Parcel Number
07-06301-0000-00062
Land Assessment
$130,500 (2025)
Improvements Assessment
$328,900 (2025)
Total Assessment
$459,400 (2025)
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2695 Main St
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