744 Chambers St · Trenton, NJ 08611

$269,000

4 bd · 2.0 ba · 1,458 sqft · SingleFamily public records · 22 Days on market

Built 1912 2,178 sqft lot Est $332k · 19% under

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Why this score? — see what drove the D+ 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 +15.1/30.0
• ARV discount +15.0/15.0
• DSCR +4.6/10.0
• 1% rule +4.2/10.0
• 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

Spacious brick home with new appliances. New kitchen with built in microwave, new windows throughout, newer roof, portico porch in front, 2 full baths, partially finished basement. 4 bedrooms. Near bus line and fine dining!

Key facts

• Updated kitchen
• Convenient location
• Built 1912

Tags

• UPDATED KITCHEN
• FULLY FINISHED BASEMENT
• CONVENIENT LOCATION

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $269k.

Deal economics

• At list price, monthly cash flow is $88 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $248k (7.8% below list).
• Recommended offer: $248k (7.8% below list) — sets the bar for 1% rule.

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: 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.
• Zoned schools: Washington Elementary School (math 0% / reading 11%, grade F, #1,291 of 1,303 statewide, top 99%, 289 students, 65% FRL); Dunn Middle School (math 2% / reading 19%, grade F, #424 of 431 statewide, top 98%, 670 students, 60% FRL); Trenton Central High School - Main Campus (math 2% / reading 10%, grade F, #396 of 399 statewide, top 99%, 2,255 students, 56% FRL) — zoned schools average 60% FRL vs 80% district-wide (20 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+4.7%/yr); 84 active listings in the ZIP; 25 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).
• At $2,481/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 $8k 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 22 days — a 2% lower offer ($265k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 21y 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 $170k; list at $269k implies a 58% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1912 — 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 $248,098 (7.8% below list)

Questions for the listing agent

1. Built in 1912 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 0.92% ✗
• Cap rate: 6.68%
• Cash-on-cash: 1.40%
• DSCR: 1.06
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $332,424
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
156 Kent St	0.18mi	3/1.0 (-1)	1,470 (+1%)	0mo	$208,000	$141	81
307 Commonwealth Ave	0.04mi	3/1.0 (-1)	1,480 (+2%)	8mo	$275,000	$186	80
825 Lyndale Ave	0.33mi	4/1.5	1,443 (-1%)	1mo	$360,000	$249	80
326 Tindall Ave	0.40mi	3/1.0 (-1)	1,411 (-3%)	2mo	$365,000	$259	65
877 Park Ave	0.40mi	3/2.0 (-1)	1,406 (-4%)	7mo	$320,000	$228	65
416 E Franklin St	0.49mi	3/2.0 (-1)	1,524 (+4%)	1mo	$310,000	$203	64
445 Tindall Ave	0.49mi	4/2.0	1,597 (+10%)	6mo	$440,000	$276	56
1040 Melrose Ave	0.35mi	3/1.0 (-1)	1,344 (-8%)	7mo	$225,000	$167	56
206 E Franklin St	0.44mi	3/2.5 (-1)	1,584 (+9%)	8mo	$395,000	$249	52
611 E Brown St	0.61mi	3/1.0 (-1)	1,388 (-5%)	4mo	$310,000	$223	52
531 Redfern St	0.60mi	3/2.0 (-1)	1,545 (+6%)	8mo	$450,000	$291	50
1521 S Clinton Ave	0.70mi	4/1.5	1,348 (-8%)	6mo	$208,000	$154	48

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: -12.1%
• Equity multiple: 0.55×
• Total profit: $-33,614
• Equity at exit: $40,109

10-year hold

• IRR: -0.6%
• Equity multiple: 0.95×
• Total profit: $-3,441
• Equity at exit: $23,258

Cash invested: $75,320 (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: 9.0×

Monthly cashflow live

• Estimated rent: $2,481 high
• Mortgage (P&I): −$1,411
• Tax from tax record: −$349 /mo · $4,194/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$521
• Net cashflow: $88

Break-even live

Break-even rent $2,370

Max offer price $269,000

Occupancy floor 91%

Sensitivity live

Price	-10% $240	-5% $164	+0% $88	+5% $12	+10% $-65
Rent	-10% $-108	-5% $-10	+0% $88	+5% $186	+10% $284
Rate	-1.0pp $223	-0.5pp $156	base $88	+0.5pp $18	+1.0pp $-53

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: $67,250
• Closing costs: $8,070
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
635 Chambers St Trenton, NJ	4.0	2.0	1312	$2,500	$1.91	15d	1	0.18mi
121 Columbus Ave Trenton, NJ	3.0	1.0	1050	$1,900	$1.81	22d	1	0.18mi
705 Anderson St Trenton, NJ	3.0	1.0	1132	$1,800	$1.59	15d	1	0.42mi
239 Ardmore Ave Trenton, NJ	4.0	2.0	1665	$2,750	$1.65	22d	1	0.53mi
234 Howell St Trenton, NJ	3.0	3.0	1656	$3,600	$2.17	22d	1	0.60mi
1103 Division St Trenton, NJ	4.0	1.0	1296	$2,000	$1.54	22d	1	0.62mi
234 Walnut Ave Trenton, NJ	4.0	1.0	1480	$2,200	$1.49	22d	1	0.63mi
417 Walnut Ave Trenton, NJ	3.0	1.0	992	$2,050	$2.07	22d	1	0.69mi
428 Cleveland Ave Trenton, NJ	4.0	2.0	1400	$2,500	$1.79	22d	1	0.75mi
1049 Genesee St Trenton, NJ	3.0	1.0	1270	$2,300	$1.81	22d	1	0.78mi
1132 Genesee St Unit 1132 Trenton, NJ	3.0	1.0	1198	$2,500	$2.09	22d	1	0.80mi
313 Home Ave Trenton, NJ	3.0	1.0	1112	$2,100	$1.89	15d	1	0.86mi
1165 E State St Trenton, NJ	3.0	1.0	900	$1,749	$1.94	15d	1	0.86mi
233 Virginia Ave Trenton, NJ	3.0	1.0	1302	$2,500	$1.92	14d	1	0.92mi
219 Woodlawn Ave Trenton, NJ	3.0	1.0	1456	$2,355	$1.62	15d	1	0.95mi
42 Grant St Trenton, NJ	4.0	1.0	1000	$2,000	$2.00	15d	1	1.00mi
244 Jersey St Trenton, NJ	3.0	1.5	1368	$2,300	$1.68	15d	1	1.03mi
340 Connecticut Ave Unit 2 Hamilton Township, NJ	3.0	1.0	1400	$2,850	$2.04	15d	1	1.04mi
547 Centre St Trenton, NJ	3.0	1.0	1060	$1,850	$1.75	22d	1	1.14mi
125 Olive St Trenton, NJ	2.0–3.0	1.0–1.5	896	$1,392	$1.55	22d	1	1.24mi
210 Kuser Rd Trenton, NJ	3.0	1.5	1360	$2,700	$1.99	22d	1	1.35mi
8 Joan Ter Trenton, NJ	3.0	2.0	1397	$3,250	$2.33	22d	1	1.37mi
134 Old Rose St Trenton, NJ	4.0	2.0	1212	$2,300	$1.90	22d	1	1.38mi
255 Hollywood Dr Trenton, NJ	4.0	1.0	1650	$2,950	$1.79	22d	1	1.44mi
700 Schiller Ave Trenton, NJ	3.0	1.0	1558	$2,500	$1.60	15d	1	1.48mi

Listing history 8 events

1. 2026-04-23
   status Pending
2. 2026-04-01
   listed $269,000 Active
3. 2006-01-27
   soldstatus $170,000
4. 2006-01-06
   soldstatus $170,000 223-char remark

   Show marketing remark (223 chars)

   Spacious brick home with new appliances. New kitchen with built in microwave, new windows throughout, newer roof, portico porch in front, 2 full baths, partially finished basement. 4 bedrooms. Near bus line and fine dining!

5. 2005-11-21
   historical 223-char remark

   Show marketing remark (223 chars)

   Spacious brick home with new appliances. New kitchen with built in microwave, new windows throughout, newer roof, portico porch in front, 2 full baths, partially finished basement. 4 bedrooms. Near bus line and fine dining!

6. 2005-10-31
   listed $170,000 223-char remark

   Show marketing remark (223 chars)

   Spacious brick home with new appliances. New kitchen with built in microwave, new windows throughout, newer roof, portico porch in front, 2 full baths, partially finished basement. 4 bedrooms. Near bus line and fine dining!

7. 2005-08-25
   soldstatus $77,500
8. 1993-09-27
   soldstatus $75,000

ⓘ 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: $4,194 · $349/mo
• Projected year-2 tax: $5,446 · $454/mo
• Expected delta: +$1,252/yr (+$104/mo · 29.9%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 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: $29,772
• − Mortgage interest: −$15,068
• − Property taxes: −$4,194
• − Insurance: −$1,345
• − Repairs & maintenance: −$2,382
• − Management: −$2,382
• − Depreciation: −$7,825
• Taxable loss: −$3,424
• Est. tax savings @ 24.0%: +$822
• After-tax cash flow: $1,875/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

+258.7% since first listed

8 events — show timeline

• 2026-04-23 Pending — BRIGHT MLS
• 2026-04-01 Listed $269,000 BRIGHT MLS
• 2006-01-27 Sold (Public Records) $170,000 Public Records
• 2006-01-06 Sold (MLS) $170,000 BRIGHT MLS
• 2005-11-21 Listing Removed — BRIGHT MLS
• 2005-10-31 Listed $170,000 BRIGHT MLS
• 2005-08-25 Sold (Public Records) $77,500 Public Records
• 1993-09-27 Sold (Public Records) $75,000 Public Records

Property tax history

+1.1%/yr

Latest (2025): $4,194 · +1.5% YoY. Source: county tax records.