29 Kent St · Trenton, NJ 08611

$229,900

4 bd · 2.0 ba · 1,412 sqft · Townhouse public records · 7 Days on market

Built 1901 1,670 sqft lot Est $239k · at est.

---

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 +21.5/30.0
• ARV discount +9.1/15.0
• DSCR +6.9/10.0
• 1% rule +5.7/10.0
• 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

* * * Best Offers Deadline: May 26, 3pm. Move in condition 4 bedroom, 2 bathroom home located in the desirable Chambersburg section of Trenton! This home has tall ceilings, spacious living space with beautiful hardwood floors and wood work. The 4th bedroom has a large cedar closet. The basement can be finished for additional living space. The basement is also dry that with a sump pump. Lastly, you can enjoy the outdoors with a fenced in back yard. There is also a park across street for family to enjoy. There is nothing to do but unpack. Sale is subject to Seller finding suitable housing.

Key facts

• Built 1901
• Listed 7 days

Property features AI

Finance

• Other: Pets allowed with no restrictions

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Hot water: natural gas
• Home design: Semi-detached property; Fee simple ownership; Very good condition
• Construction: Brick construction; Asphalt roof; Slab foundation; Building not winterized
• Exterior features: Rear yard; Wood fencing; Not in a federal flood zone

Interior

• Kitchen: Refrigerator; Stove
• Bedrooms: Three bedrooms on the first upper level; One bedroom on the second upper level
• Flooring: Hardwood; Vinyl
• Bathrooms: Two full bathrooms (one on main level, one on first upper level)
• Heating & cooling: Baseboard hot water heating; Radiator heating; Window air conditioning units (electric)
• Interior features: Cedar closets; Eat-in kitchen; Wood floors
• Laundry & utility: Washer and dryer located in the basement

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath townhouse listed at $230k.

Deal economics

• At list price, monthly cash flow is $345 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $230k).
• 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; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 2,256 units permitted in Mercer County in 2024 (1,303 in 5+ unit buildings).
• At $2,454/mo this rent would consume 52% of the median local household income ($57k/yr) (locally 2147% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 25y ago; this cycle's ask is 53% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $155k; 48% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1901 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $229,900

Questions for the listing agent

1. Built in 1901 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.07% ✓
• Cap rate: 8.10%
• Cash-on-cash: 6.44%
• DSCR: 1.29
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $238,628
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
238 Bayard St	0.13mi	4/1.5	1,364 (-3%)	2mo	$231,000	$169	85
744 Chambers St	0.30mi	4/2.0	1,458 (+3%)	1mo	$269,000	$184	80
202 Commonwealth Ave	0.33mi	4/2.0	1,456 (+3%)	1mo	$275,000	$189	79
527 Emory Ave	0.30mi	4/1.0	1,484 (+5%)	1mo	$230,000	$155	73
212 Commonwealth Ave	0.34mi	4/1.5	1,496 (+6%)	0mo	$245,000	$164	72
413 Monmouth St	0.48mi	3/1.0 (-1)	1,404 (-1%)	1mo	$170,000	$121	67
25 Mckinley Ave	0.32mi	4/1.5	1,274 (-10%)	0mo	$300,000	$235	66
814 Chestnut Ave	0.31mi	3/1.5 (-1)	1,292 (-8%)	0mo	$265,000	$205	64
108 Chambers St	0.56mi	4/2.0	1,488 (+5%)	2mo	$200,000	$134	63
106 Chambers St	0.56mi	4/2.0	1,488 (+5%)	3mo	$200,000	$134	63
27 Tyler St	0.48mi	4/1.0	1,528 (+8%)	3mo	$290,000	$190	57
203 3rd St	0.74mi	3/1.0 (-1)	1,248 (-12%)	1mo	$195,000	$156	36

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: -4.5%
• Equity multiple: 0.83×
• Total profit: $-10,920
• Equity at exit: $34,279

10-year hold

• IRR: 7.1%
• Equity multiple: 1.58×
• Total profit: $37,229
• Equity at exit: $19,878

Cash invested: $64,372 (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: 7.8×

Monthly cashflow live

• Estimated rent: $2,454 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$292 /mo · $3,505/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$515
• Net cashflow: $345

Break-even live

Break-even rent $2,017

Max offer price $229,900

Occupancy floor 81%

Sensitivity live

Price	-10% $476	-5% $410	+0% $345	+5% $280	+10% $215
Rent	-10% $152	-5% $248	+0% $345	+5% $442	+10% $539
Rate	-1.0pp $461	-0.5pp $404	base $345	+0.5pp $286	+1.0pp $225

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: $57,475
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
635 Chambers St Trenton, NJ	4.0	2.0	1312	$2,500	$1.91	14d	1	0.24mi
121 Columbus Ave Trenton, NJ	3.0	1.0	1050	$1,900	$1.81	21d	1	0.37mi
705 Anderson St Trenton, NJ	3.0	1.0	1132	$1,800	$1.59	14d	1	0.47mi
234 Walnut Ave Trenton, NJ	4.0	1.0	1480	$2,200	$1.49	21d	1	0.58mi
1103 Division St Trenton, NJ	4.0	1.0	1296	$2,000	$1.54	21d	1	0.59mi
239 Ardmore Ave Trenton, NJ	4.0	2.0	1665	$2,750	$1.65	21d	1	0.64mi
417 Walnut Ave Trenton, NJ	3.0	1.0	992	$2,050	$2.07	21d	1	0.72mi
234 Howell St Trenton, NJ	3.0	3.0	1656	$3,600	$2.17	21d	1	0.75mi
313 Home Ave Trenton, NJ	3.0	1.0	1112	$2,100	$1.89	14d	1	0.77mi
1049 Genesee St Trenton, NJ	3.0	1.0	1270	$2,300	$1.81	21d	1	0.87mi
42 Grant St Trenton, NJ	4.0	1.0	1000	$2,000	$2.00	14d	1	0.88mi
1132 Genesee St Unit 1132 Trenton, NJ	3.0	1.0	1198	$2,500	$2.09	21d	1	0.91mi
233 Virginia Ave Trenton, NJ	3.0	1.0	1302	$2,500	$1.92	13d	1	0.91mi
1165 E State St Trenton, NJ	3.0	1.0	900	$1,749	$1.94	14d	1	0.92mi
244 Jersey St Trenton, NJ	3.0	1.5	1368	$2,300	$1.68	14d	1	0.93mi
428 Cleveland Ave Trenton, NJ	4.0	2.0	1400	$2,500	$1.79	21d	1	0.94mi
547 Centre St Trenton, NJ	3.0	1.0	1060	$1,850	$1.75	21d	1	0.94mi
125 Olive St Trenton, NJ	2.0–3.0	1.0–1.5	896	$1,392	$1.55	21d	1	1.02mi
219 Woodlawn Ave Trenton, NJ	3.0	1.0	1456	$2,355	$1.62	14d	1	1.08mi
134 Old Rose St Trenton, NJ	4.0	2.0	1212	$2,300	$1.90	21d	1	1.19mi
340 Connecticut Ave Unit 2 Hamilton Township, NJ	3.0	1.0	1400	$2,850	$2.04	14d	1	1.21mi
21 Bellevue Ave Trenton, NJ	3.0	2.0	1740	$2,400	$1.38	44d	1	1.41mi
117 Park Ave Morrisville, PA	3.0	2.0	1396	$3,200	$2.29	13d	1	1.42mi

Listing history 19 events

1. 2026-06-14
   status $229,900 Pending 7 DOM
2. 2026-06-07
   status $229,900 Active Under Contract 7 DOM
3. 2026-06-03
   days on market $229,900 Active 7 DOM
4. 2026-06-02
   days on market $229,900 Active 6 DOM
5. 2026-06-01
   days on market $229,900 Active 5 DOM
6. 2026-05-31
   days on market $229,900 Active 4 DOM
7. 2026-05-30
   days on market $229,900 Active 3 DOM
8. 2026-05-25
   historical $229,900
9. 2021-07-29
   soldstatus $155,000 Closed 600-char remark

   Show marketing remark (600 chars)

   * * * Best Offers Deadline: May 26, 3pm. Move in condition 4 bedroom, 2 bathroom home located in the desirable Chambersburg section of Trenton! This home has tall ceilings, spacious living space with beautiful hardwood floors and wood work. The 4th bedroom has a large cedar closet. The basement can be finished for additional living space. The basement is also dry that with a sump pump. Lastly, you can enjoy the outdoors with a fenced in back yard. There is also a park across street for family to enjoy. There is nothing to do but unpack. Sale is subject to Seller finding suitable housing.

10. 2021-06-01
    status Pending 600-char remark

    Show marketing remark (600 chars)

    * * * Best Offers Deadline: May 26, 3pm. Move in condition 4 bedroom, 2 bathroom home located in the desirable Chambersburg section of Trenton! This home has tall ceilings, spacious living space with beautiful hardwood floors and wood work. The 4th bedroom has a large cedar closet. The basement can be finished for additional living space. The basement is also dry that with a sump pump. Lastly, you can enjoy the outdoors with a fenced in back yard. There is also a park across street for family to enjoy. There is nothing to do but unpack. Sale is subject to Seller finding suitable housing.

11. 2021-05-21
    listed $150,000 Active 600-char remark

    Show marketing remark (600 chars)

    * * * Best Offers Deadline: May 26, 3pm. Move in condition 4 bedroom, 2 bathroom home located in the desirable Chambersburg section of Trenton! This home has tall ceilings, spacious living space with beautiful hardwood floors and wood work. The 4th bedroom has a large cedar closet. The basement can be finished for additional living space. The basement is also dry that with a sump pump. Lastly, you can enjoy the outdoors with a fenced in back yard. There is also a park across street for family to enjoy. There is nothing to do but unpack. Sale is subject to Seller finding suitable housing.

12. 2005-07-29
    soldstatus $129,000
13. 2005-06-28
    soldstatus $129,900 257-char remark

    Show marketing remark (257 chars)

    CHAMBERSBURG!!! See this large and spacious brick townhome overlooking Columbus park, note that the living room is an oversized great room 28 x 13! This home also features a rocking chair front porch and easy parking. Best Location!! Great open floor plan!!

14. 2005-04-25
    historical 257-char remark

    Show marketing remark (257 chars)

    CHAMBERSBURG!!! See this large and spacious brick townhome overlooking Columbus park, note that the living room is an oversized great room 28 x 13! This home also features a rocking chair front porch and easy parking. Best Location!! Great open floor plan!!

15. 2005-03-03
    listed $129,900 257-char remark

    Show marketing remark (257 chars)

    CHAMBERSBURG!!! See this large and spacious brick townhome overlooking Columbus park, note that the living room is an oversized great room 28 x 13! This home also features a rocking chair front porch and easy parking. Best Location!! Great open floor plan!!

16. 2001-11-01
    soldstatus $88,500
17. 2001-10-12
    soldstatus $88,500
18. 2001-07-24
    listed $88,500
19. 1998-02-19
    soldstatus $44,000

ⓘ 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: $3,505 · $292/mo
• Projected year-2 tax: $4,615 · $385/mo
• Expected delta: +$1,110/yr (+$92/mo · 31.7%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% 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: $29,451
• − Mortgage interest: −$12,878
• − Property taxes: −$3,505
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,356
• − Management: −$2,356
• − Depreciation: −$6,688
• Taxable income: $519
• Est. tax owed @ 24.0%: −$125
• After-tax cash flow: $4,020/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

+422.5% since first listed

12 events — show timeline

• 2026-05-25 Coming Soon $229,900 BRIGHT MLS
• 2021-07-29 Sold (MLS) $155,000 BRIGHT MLS
• 2021-06-01 Pending — BRIGHT MLS
• 2021-05-21 Listed $150,000 BRIGHT MLS
• 2005-07-29 Sold (Public Records) $129,000 Public Records
• 2005-06-28 Sold (MLS) $129,900 BRIGHT MLS
• 2005-04-25 Listing Removed — BRIGHT MLS
• 2005-03-03 Listed $129,900 BRIGHT MLS
• 2001-11-01 Sold (Public Records) $88,500 Public Records
• 2001-10-12 Sold (MLS) $88,500 BRIGHT MLS
• 2001-07-24 Listed $88,500 BRIGHT MLS
• 1998-02-19 Sold (Public Records) $44,000 Public Records

Property tax history

-0.0%/yr

Latest (2025): $3,505 · +1.5% YoY. Source: county tax records.