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276-278 Hillcrest Ave 7 Unit Apartment Building $950,000 ($135,714/Unit) 6.50% Cap Rate Trenton, NJ 08618
Executive Summary
7-unit building. Fully occupied
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$103,212
|
$18.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,160
|
$0.92
|
| Effective Gross Income |
$98,052
|
$17.49
|
| Taxes |
$14,640
|
$2.61
|
| Operating Expenses |
$12,024
|
$2.14
|
| Total Expenses |
$26,664
|
$4.76
|
| Net Operating Income |
$71,388
|
$12.73
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $103,212 |
| Annual Per SF | $18.41 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $5,160 |
| Annual Per SF | $0.92 |
| Effective Gross Income | |
|---|---|
| Annual | $98,052 |
| Annual Per SF | $17.49 |
| Taxes | |
|---|---|
| Annual | $14,640 |
| Annual Per SF | $2.61 |
| Operating Expenses | |
|---|---|
| Annual | $12,024 |
| Annual Per SF | $2.14 |
| Total Expenses | |
|---|---|
| Annual | $26,664 |
| Annual Per SF | $4.76 |
| Net Operating Income | |
|---|---|
| Annual | $71,388 |
| Annual Per SF | $12.73 |
Property Facts
| Price | $950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $135,714 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 6.50% | Building Size | 5,606 SF |
| Gross Rent Multiplier | 8.9 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2019 |
| Property Subtype | Apartment | ||
| Zoning | RB1 | ||
| Price | $950,000 |
| Price Per Unit | $135,714 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Gross Rent Multiplier | 8.9 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 5,606 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2019 |
| Zoning | RB1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 2 | - | - |
| 2+1 | 2 | - | - |
| 3+1 | 1 | - | - |
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Property Taxes
| Parcel Number | 11-32901-0000-00033 | Total Assessment | $252,300 |
| Land Assessment | $140,000 | Annual Taxes | $14,640 ($2.61/SF) |
| Improvements Assessment | $112,300 | Tax Year | 2025 |
Property Taxes
Parcel Number
11-32901-0000-00033
Land Assessment
$140,000
Improvements Assessment
$112,300
Total Assessment
$252,300
Annual Taxes
$14,640 ($2.61/SF)
Tax Year
2025
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276-278 Hillcrest Ave
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