175 Division St · Trenton, NJ 08611

$200,000

3 bd · 1.0 ba · 1,052 sqft · SingleFamily public records · 120 Days on market

Built 1902 1,306 sqft lot Est $258k · 22% under

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +21.7/30.0
• ARV discount +15.0/15.0
• DSCR +6.9/10.0
• 1% rule +5.5/10.0
• Livability +3.8/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor delight. 3 BR in Chambersburg.

Key facts

• 1,306 sq ft lot
• Built 1902
• Listed 120 days

Property features AI

Exterior

• Parking: No garage
• Utilities: Public sewer
• Home design: Fee simple ownership
• Exterior features: Shingle roof

Interior

• Bedrooms: 3 bedrooms
• Flooring: Other flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; No cooling
• Interior features: Basement: Other; No fireplaces

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $306 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $182k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 6.3% in Trenton — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 76/100 on livability (#133 in NJ, #3,533 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A+; Watch: schools F, crime F, employment F.
• Trenton Public School District (urban): math 2% / reading 16% proficiency, ranked #471 of 472 in NJ (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.7%/yr); 84 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 2,256 units permitted in Mercer County in 2024 (1,303 in 5+ unit buildings).
• This rent runs 44% of the median local income ($57k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Mercer County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 120 days — a 9% lower offer ($182k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 26y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $22k; list at $200k implies a 809% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1902 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $182,000 (9.0% below list)

Questions for the listing agent

1. It's been on market 120 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1902 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.05% ✓
• Cap rate: 8.13%
• Cash-on-cash: 6.56%
• DSCR: 1.29
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $257,740
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
811 Anderson St	0.37mi	2/1.0 (-1)	1,026 (-2%)	0mo	$206,000	$201	74
775 Chambers St	0.28mi	4/1.0 (+1)	1,028 (-2%)	18mo	$185,000	$180	64
1045 Fairmount Ave	0.68mi	3/1.0	1,078 (+2%)	4mo	$240,000	$223	61
861 Lyndale Ave	0.62mi	3/1.0	1,046 (-1%)	20mo	$280,000	$268	54
1051 Quinton Ave	0.55mi	4/1.0 (+1)	1,116 (+6%)	11mo	$295,000	$264	50
212 Tioga St	0.67mi	4/1.5 (+1)	1,127 (+7%)	2mo	$298,000	$264	48
872 Revere Ave	0.49mi	3/1.0	1,200 (+14%)	8mo	$293,000	$244	47
162 E Franklin St	0.58mi	3/1.0	960 (-9%)	14mo	$270,000	$281	46
627 Grand St	0.69mi	2/1.0 (-1)	953 (-9%)	4mo	$183,000	$192	44
36 Emanuel St	0.67mi	2/1.0 (-1)	1,127 (+7%)	13mo	$370,000	$328	41
807 S Broad St	0.45mi	4/1.0 (+1)	1,200 (+14%)	15mo	$150,000	$125	38
427 Woodland St	0.56mi	3/2.0	1,204 (+14%)	14mo	$295,000	$245	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 4.71% rent growth · sell at horizon

5-year hold

• IRR: -4.3%
• Equity multiple: 0.83×
• Total profit: $-9,246
• Equity at exit: $29,821

10-year hold

• IRR: 7.2%
• Equity multiple: 1.58×
• Total profit: $32,636
• Equity at exit: $17,292

Cash invested: $56,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 21 Tenant-Leaning
• State New Jersey: 21 Tenant-Leaning · D+6
• County: — inherits STATE
• City: — inherits STATE

Anti-eviction Act requires just-cause statewide; rent control in 100+ municipalities; one of the most tenant-friendly states.

Methodology + full state rankings →

ZIP-level market 08611

• Rents YoY: 4.7%
• Active inventory: 84
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $2,091 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$214 /mo · $2,562/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$439
• Net cashflow: $306

Break-even live

Break-even rent $1,703

Max offer price $200,000

Occupancy floor 80%

Sensitivity live

Price	-10% $419	-5% $363	+0% $306	+5% $249	+10% $193
Rent	-10% $141	-5% $224	+0% $306	+5% $389	+10% $471
Rate	-1.0pp $407	-0.5pp $357	base $306	+0.5pp $254	+1.0pp $202

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
176 Division St Apt 106 Trenton, NJ	2.0	1.0	975	$1,700	$1.74	22d	1	0.03mi
705 Anderson St Trenton, NJ	3.0	1.0	1132	$1,800	$1.59	15d	1	0.32mi
635 Chambers St Trenton, NJ	4.0	2.0	1312	$2,500	$1.91	15d	1	0.32mi
720 Monmouth St Unit 204 Trenton, NJ	2.0	1.0	1011	$1,750	$1.73	22d	1	0.37mi
121 Columbus Ave Trenton, NJ	3.0	1.0	1050	$1,900	$1.81	22d	1	0.42mi
203 Genesee St Unit 2 Trenton, NJ	2.0	1.0	1452	$1,700	$1.17	22d	1	0.42mi
1103 Division St Trenton, NJ	4.0	1.0	1296	$2,000	$1.54	22d	1	0.44mi
71 Clark St Trenton, NJ	1.0–2.0	1.0–2.0	975	$2,350	$2.41	15d	4	0.50mi
225 Home Ave Trenton, NJ	2.0	1.0	800	$1,750	$2.19	22d	1	0.58mi
837 Genesee St Trenton, NJ	2.0	1.0	850	$1,700	$2.00	22d	1	0.59mi
105 Walnut Ave Unit 1 Trenton, NJ	2.0	1.0	1200	$2,000	$1.67	22d	1	0.63mi
313 Home Ave Trenton, NJ	3.0	1.0	1112	$2,100	$1.89	15d	1	0.65mi
234 Walnut Ave Trenton, NJ	4.0	1.0	1480	$2,200	$1.49	22d	1	0.72mi
1049 Genesee St Trenton, NJ	3.0	1.0	1270	$2,300	$1.81	22d	1	0.72mi
1132 Genesee St Unit 1132 Trenton, NJ	3.0	1.0	1198	$2,500	$2.09	22d	1	0.76mi
339 Tioga St #339 Trenton, NJ	2.0	1.0	864	$1,850	$2.14	22d	1	0.76mi
233 Virginia Ave Trenton, NJ	3.0	1.0	1302	$2,500	$1.92	14d	1	0.77mi
244 Jersey St Trenton, NJ	3.0	1.5	1368	$2,300	$1.68	15d	1	0.81mi
417 Walnut Ave Trenton, NJ	3.0	1.0	992	$2,050	$2.07	22d	1	0.84mi
547 Centre St Trenton, NJ	3.0	1.0	1060	$1,850	$1.75	22d	1	0.89mi
1078 Lalor St Unit 2 Trenton, NJ	2.0	1.0	1488	$1,785	$1.20	22d	1	0.89mi
1078 Lalor St Unit 1 Trenton, NJ	2.0	1.0	1488	$1,895	$1.27	22d	1	0.89mi
428 Cleveland Ave Trenton, NJ	4.0	2.0	1400	$2,500	$1.79	22d	1	0.99mi
42 Grant St Trenton, NJ	4.0	1.0	1000	$2,000	$2.00	15d	1	1.03mi
1163 E State St Unit 9 Trenton, NJ	2.0	1.0	775	$1,770	$2.28	22d	1	1.04mi
1165 E State St Trenton, NJ	3.0	1.0	900	$1,749	$1.94	15d	1	1.04mi
216 E State St Trenton, NJ	1.0–2.0	1.0	811	$1,895	$2.34	15d	2	1.04mi
202 E Hanover St Unit 5G Trenton, NJ	2.0	1.0	750	$1,200	$1.60	22d	1	1.11mi
125 Olive St Trenton, NJ	2.0–3.0	1.0–1.5	896	$1,392	$1.55	22d	1	1.15mi
219 Woodlawn Ave Trenton, NJ	3.0	1.0	1456	$2,355	$1.62	15d	1	1.17mi
340 Connecticut Ave Unit 2 Hamilton Township, NJ	3.0	1.0	1400	$2,850	$2.04	15d	1	1.28mi
340 Connecticut Ave Unit 1 Hamilton Township, NJ	2.0	1.0	1000	$2,500	$2.50	15d	1	1.28mi
134 Old Rose St Trenton, NJ	4.0	2.0	1212	$2,300	$1.90	22d	1	1.33mi
315 Wert Ave Trenton, NJ	2.0	1.0	685	$2,270	$3.31	14d	9	1.41mi
117 Park Ave Morrisville, PA	3.0	2.0	1396	$3,200	$2.29	14d	1	1.47mi

Listing history 29 events

1. 2026-06-18
   days on market $200,000 Active 120 DOM
2. 2026-06-17
   days on market $200,000 Active 119 DOM
3. 2026-06-16
   days on market $200,000 Active 118 DOM
4. 2026-06-15
   days on market $200,000 Active 117 DOM
5. 2026-06-14
   days on market $200,000 Active 115 DOM
6. 2026-06-10
   days on market $200,000 Active 112 DOM
7. 2026-06-09
   days on market $200,000 Active 111 DOM
8. 2026-06-08
   days on market $200,000 Active 110 DOM
9. 2026-06-07
   days on market $200,000 Active 109 DOM
10. 2026-06-03
    days on market $200,000 Active 105 DOM
11. 2026-06-02
    days on market $200,000 Active 104 DOM
12. 2026-06-01
    days on market $200,000 Active 103 DOM
13. 2026-05-31
    days on market $200,000 Active 102 DOM
14. 2026-05-30
    days on market $200,000 Active 101 DOM
15. 2026-02-18
    listed $200,000 Active
16. 2017-09-29
    soldstatus $22,000 39-char remark

    Show marketing remark (40 chars)

    Investor delight. 3 BR in Chambersburg.

17. 2017-09-29
    soldstatus $22,000 Sold 40-char remark

    Show marketing remark (40 chars)

    Investor delight. 3 BR in Chambersburg.

18. 2016-03-22
    status Under Contract 40-char remark

    Show marketing remark (40 chars)

    Investor delight. 3 BR in Chambersburg.

19. 2016-03-17
    historical Contingent - Other 40-char remark

    Show marketing remark (40 chars)

    Investor delight. 3 BR in Chambersburg.

20. 2016-03-14
    listed $19,000 Active 40-char remark

    Show marketing remark (39 chars)

    Investor delight. 3 BR in Chambersburg.

21. 2016-03-14
    listed $19,000 39-char remark

    Show marketing remark (39 chars)

    Investor delight. 3 BR in Chambersburg.

22. 2005-06-30
    soldstatus $85,175
23. 2005-06-16
    historical
24. 2005-05-25
    listed $85,175
25. 2001-05-16
    soldstatus $45,000
26. 2001-04-27
    soldstatus $45,000
27. 2001-03-19
    historical
28. 2000-11-15
    listed $45,000
29. 1990-04-02
    soldstatus $74,600

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NJ · Partial reset (capped growth)

• Current annual tax: $2,562 · $214/mo
• Projected year-2 tax: $3,771 · $314/mo
• Expected delta: +$1,209/yr (+$101/mo · 47.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 67% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,090
• − Mortgage interest: −$11,203
• − Property taxes: −$2,562
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,007
• − Management: −$2,007
• − Depreciation: −$5,818
• Taxable income: $492
• Est. tax owed @ 24.0%: −$118
• After-tax cash flow: $3,555/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Trenton Public School District
• NCES district ID: 3416290
• Math proficiency: 2% ▼ -8.00%
• Reading proficiency: 16% ▼ -4.00%
• Median HH income: $35,078
• Composite: 7.31/100
• National rank: #9956
• State rank: #471 of 472 in NJ

Livability — Trenton

• Score: 76/100
• State rank: #133
• US rank: #3533

Category grades

Amenities A+ Commute A+ Cost of living B+ Crime F Employment F Housing A- Health & safety A+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Trenton, NJ
• County: Mercer County · 327,655 people
• City population: 177,819
• Metro: Trenton-Princeton, NJ
• Population (ZIP): 31,995
• Household income: $56,788
• Rent vs Own: 61.0% rent · 39.0% own
• Severe rent burden: 2147.0

Population outlook (Mercer County) Hauer SSP2

• Today (2025): 381,395 people
• By 2030: 384,640 · +0.9%
• By 2040: 391,431 · +2.6%
• By 2050: 397,845 · +4.3%
• By 2075: 417,281 · +9.4%
• By 2100: 420,327 · +10.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Hispanic / Latino 62% Black 20% Two or more races 18% White 14% Native American 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 12% Dominican 8%
• Common ancestry: Romanian 2% Swiss 1% Hispanic 1%
• Foreign-born: 37% · Canada, Jamaica, Guatemala
• Languages at home: 41% English-only · Spanish 57% French/Haitian/Cajun 2%

Political lean MEDSL · Mercer

• 2024 margin: Solid D (+33.9) · D 65.9% · R 32.0% · Other 2.1%
• 2008→2024 swing: -2.2pp toward R · 2008: 36.1pp · 2024: 33.9pp
• All cycles: 2024: D+33.9 2020: D+40.0 2016: D+36.2 2012: D+36.8 2008: D+36.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -267.62%
• Current HPI: 276.5427
• Rent YoY: ▲ 4.71%
• Metro: Trenton-Princeton, NJ
• State GDP YoY: ▲ 2.05%
• F500 in state: 34

Industry mix (Fortune 500 HQ in NJ)

Industry	F500 HQs	Revenue
▸Consumer Goods	3	$31B
▸Pharmaceuticals	2	$153B
▸Technology	2	$21B
▸Insurance	2	$20B
▸Healthcare	2	$19B
▸Financial Services	1	$70B

Price history

+168.1% since first listed

15 events — show timeline

• 2026-02-18 Listed $200,000 MOMLS
• 2017-09-29 Sold (MLS) $22,000 TREND
• 2017-09-29 Sold (MLS) $22,000 BRIGHT MLS
• 2016-03-22 Pending — TREND
• 2016-03-17 Contingent — TREND
• 2016-03-14 Listed $19,000 TREND
• 2016-03-14 Listed $19,000 BRIGHT MLS
• 2005-06-30 Sold (MLS) $85,175 BRIGHT MLS
• 2005-06-16 Listing Removed — BRIGHT MLS
• 2005-05-25 Listed $85,175 BRIGHT MLS
• 2001-05-16 Sold (Public Records) $45,000 Public Records
• 2001-04-27 Sold (MLS) $45,000 BRIGHT MLS
• 2001-03-19 Listing Removed — BRIGHT MLS
• 2000-11-15 Listed $45,000 BRIGHT MLS
• 1990-04-02 Sold (Public Records) $74,600 Public Records

Property tax history

-1.2%/yr

Latest (2025): $2,562 · +1.5% YoY. Source: county tax records.