1157 Chambers St · Trenton, NJ 08610

$179,000

3 bd · 1.0 ba · 1,265 sqft · Townhouse public records · 27 Days on market

Built 1910 1,742 sqft lot Est $259k · 31% under

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Why this score? — see what drove the B 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 +28.1/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.3/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

1st Floor: Living Room, Dining Room, and Eat in Kitchen. 2nd Floor: 3 Bedrooms and Full Bath. 3rd Floor: Attic-Finished No heat. House needs Rehab. Cash "AS IS" Only.

Key facts

• Third floor attic
• Built 1910
• Listed 27 days

Tags

• THIRD FLOOR ATTIC

Property features AI

Exterior

• Parking: Street parking; Alley access
• Utilities: Public water; Public sewer; Natural gas service
• Home design: Interior townhouse/rowhouse; Fee simple ownership
• Construction: Frame construction; Brick/mortar foundation; Estimated year built
• Exterior features: Not in a federal flood zone

Interior

• Bedrooms: Three bedrooms on the first upper level
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating; Natural gas hot water
• Interior features: Average condition; Unfinished basement
• Laundry & utility: Laundry located in the basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $179k.

Deal economics

• At list price, monthly cash flow is $565 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $179k).
• Recommended offer: $176k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.1% vs local median 5.7% in Trenton — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

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: Franklin Elementary School (math 3% / reading 14%, grade F, #1,261 of 1,303 statewide, top 97%, 349 students, 57% 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 58% FRL vs 80% district-wide (23 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 118 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,256 units permitted in Mercer County in 2024 (1,303 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $50k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 24y 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 $30k; list at $179k implies a 499% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — 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 $176,315 (1.5% below list)

Questions for the listing agent

1. Built in 1910 — 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: 1.33% ✓
• Cap rate: 10.08%
• Cash-on-cash: 13.52%
• DSCR: 1.60
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $259,325
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
814 Chestnut Ave	0.47mi	3/1.5	1,292 (+2%)	0mo	$265,000	$205	72
1553 Chambers St	0.39mi	3/1.0	1,182 (-7%)	1mo	$225,000	$190	70
508 Dayton St	0.46mi	3/1.0	1,376 (+9%)	4mo	$250,000	$182	61
175 Anderson St	0.45mi	4/1.0 (+1)	1,136 (-10%)	1mo	$225,000	$198	56
336 Columbus Ave	0.42mi	3/3.0	1,162 (-8%)	3mo	$370,000	$318	56
541 Emmett Ave	0.63mi	4/1.5 (+1)	1,204 (-5%)	1mo	$275,000	$228	54
2102 Liberty St	0.66mi	3/2.0	1,201 (-5%)	3mo	$252,000	$210	54
1315 S Broad St	0.45mi	2/1.5 (-1)	1,400 (+11%)	2mo	$205,000	$146	53
1229 S Broad St	0.44mi	4/1.5 (+1)	1,410 (+12%)	2mo	$250,000	$177	51
18 Panfili Ln	0.46mi	3/3.0	1,410 (+12%)	1mo	$390,000	$277	51
11 Panfili Ln	0.45mi	3/3.5	1,394 (+10%)	2mo	$378,500	$272	50
345 Genesee St	0.66mi	3/1.0	1,080 (-15%)	1mo	$110,000	$102	44

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 3.6%
• Equity multiple: 1.14×
• Total profit: $7,035
• Equity at exit: $26,689

10-year hold

• IRR: 13.2%
• Equity multiple: 2.05×
• Total profit: $52,765
• Equity at exit: $15,477

Cash invested: $50,120 (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 08610

• Active inventory: 118
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $2,379 high
• Mortgage (P&I): −$939
• Tax from tax record: −$301 /mo · $3,616/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$500
• Net cashflow: $565

Break-even live

Break-even rent $1,664

Max offer price $179,000

Occupancy floor 71%

Sensitivity live

Price	-10% $666	-5% $615	+0% $565	+5% $514	+10% $463
Rent	-10% $377	-5% $471	+0% $565	+5% $659	+10% $752
Rate	-1.0pp $655	-0.5pp $610	base $565	+0.5pp $518	+1.0pp $471

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 32 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
234 Howell St Trenton, NJ	3.0	3.0	1656	$3,600	$2.17	22d	1	0.14mi
705 Anderson St Trenton, NJ	3.0	1.0	1132	$1,800	$1.59	15d	1	0.27mi
1049 Genesee St Trenton, NJ	3.0	1.0	1270	$2,300	$1.81	22d	1	0.36mi
1132 Genesee St Unit 1132 Trenton, NJ	3.0	1.0	1198	$2,500	$2.09	22d	1	0.36mi
1103 Division St Trenton, NJ	4.0	1.0	1296	$2,000	$1.54	22d	1	0.45mi
1078 Lalor St Unit 2 Trenton, NJ	2.0	1.0	1488	$1,785	$1.20	22d	1	0.50mi
1078 Lalor St Unit 1 Trenton, NJ	2.0	1.0	1488	$1,895	$1.27	22d	1	0.50mi
176 Division St Apt 106 Trenton, NJ	2.0	1.0	975	$1,700	$1.74	22d	1	0.50mi
121 Columbus Ave Trenton, NJ	3.0	1.0	1050	$1,900	$1.81	22d	1	0.60mi
233 Virginia Ave Trenton, NJ	3.0	1.0	1302	$2,500	$1.92	14d	1	0.61mi
635 Chambers St Trenton, NJ	4.0	2.0	1312	$2,500	$1.91	15d	1	0.65mi
973 S Olden Ave Unit 2ND FLOOR Trenton, NJ	2.0	1.0	1664	$1,850	$1.11	22d	1	0.66mi
313 Home Ave Trenton, NJ	3.0	1.0	1112	$2,100	$1.89	15d	1	0.70mi
203 Genesee St Unit 2 Trenton, NJ	2.0	1.0	1452	$1,700	$1.17	22d	1	0.76mi
720 Monmouth St Unit 204 Trenton, NJ	2.0	1.0	1011	$1,750	$1.73	22d	1	0.80mi
244 Jersey St Trenton, NJ	3.0	1.5	1368	$2,300	$1.68	15d	1	0.86mi
239 Ardmore Ave Trenton, NJ	4.0	2.0	1665	$2,750	$1.65	22d	1	0.94mi
71 Clark St Trenton, NJ	1.0–2.0	1.0–2.0	975	$2,350	$2.41	15d	4	0.97mi
700 Schiller Ave Trenton, NJ	3.0	1.0	1558	$2,500	$1.60	15d	1	1.02mi
428 Cleveland Ave Trenton, NJ	4.0	2.0	1400	$2,500	$1.79	22d	1	1.02mi
105 Walnut Ave Unit 1 Trenton, NJ	2.0	1.0	1200	$2,000	$1.67	22d	1	1.07mi
234 Walnut Ave Trenton, NJ	4.0	1.0	1480	$2,200	$1.49	22d	1	1.10mi
417 Walnut Ave Trenton, NJ	3.0	1.0	992	$2,050	$2.07	22d	1	1.13mi
547 Centre St Trenton, NJ	3.0	1.0	1060	$1,850	$1.75	22d	1	1.16mi
1165 E State St Trenton, NJ	3.0	1.0	900	$1,749	$1.94	15d	1	1.28mi
219 Woodlawn Ave Trenton, NJ	3.0	1.0	1456	$2,355	$1.62	15d	1	1.31mi
340 Connecticut Ave Unit 2 Hamilton Township, NJ	3.0	1.0	1400	$2,850	$2.04	15d	1	1.33mi
340 Connecticut Ave Unit 1 Hamilton Township, NJ	2.0	1.0	1000	$2,500	$2.50	15d	1	1.33mi
210 Kuser Rd Trenton, NJ	3.0	1.5	1360	$2,700	$1.99	22d	1	1.38mi
34 Southard St #2 Trenton, NJ	2.0	2.0	1808	$2,150	$1.19	22d	1	1.45mi
42 Grant St Trenton, NJ	4.0	1.0	1000	$2,000	$2.00	15d	1	1.46mi
88 Sundance Dr Trenton, NJ	3.0	2.5	1730	$3,103	$1.79	45d	1	1.47mi

Listing history 6 events

1. 2026-05-17
   status Pending
2. 2026-04-20
   listed $179,000 Active
3. 2002-06-06
   soldstatus $29,900 176-char remark

   Show marketing remark (176 chars)

   1st Floor: Living Room, Dining Room, and Eat in Kitchen. 2nd Floor: 3 Bedrooms and Full Bath. 3rd Floor: Attic-Finished No heat. House needs Rehab. Cash "AS IS" Only.

4. 2002-03-08
   historical 176-char remark

   Show marketing remark (176 chars)

   1st Floor: Living Room, Dining Room, and Eat in Kitchen. 2nd Floor: 3 Bedrooms and Full Bath. 3rd Floor: Attic-Finished No heat. House needs Rehab. Cash "AS IS" Only.

5. 2002-03-05
   listed $29,900 176-char remark

   Show marketing remark (176 chars)

   1st Floor: Living Room, Dining Room, and Eat in Kitchen. 2nd Floor: 3 Bedrooms and Full Bath. 3rd Floor: Attic-Finished No heat. House needs Rehab. Cash "AS IS" Only.

6. 1977-07-11
   soldstatus $15,000

ⓘ 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: $3,616 · $301/mo
• Projected year-2 tax: $4,037 · $336/mo
• Expected delta: +$420/yr (+$35/mo · 11.6%)

ⓘ 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 3/10 Moderate
• 🌡 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: $28,545
• − Mortgage interest: −$10,027
• − Property taxes: −$3,616
• − Insurance: −$895
• − Repairs & maintenance: −$2,284
• − Management: −$2,284
• − Depreciation: −$5,207
• Taxable income: $4,232
• Est. tax owed @ 24.0%: −$1,016
• After-tax cash flow: $5,759/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): 33,465
• Household income: $83,906
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 1166.0

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 0.65)
• Race & ethnicity: Hispanic / Latino 43% White 39% Black 15% Two or more races 13% Asian 3%
• Hispanic origin (detail): Puerto Rican 12% Dominican 9%
• Common ancestry: Romanian 5% Hispanic 3% Italian 1%
• Foreign-born: 25% · Canada, Jamaica, Guatemala
• Languages at home: 55% English-only · Spanish 37% French/Haitian/Cajun 3% Other Indo-European 1%

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: ▼ -412.61%
• Current HPI: 296.6642
• Rent YoY: —
• 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

+1093.3% since first listed

6 events — show timeline

• 2026-05-17 Pending — BRIGHT MLS
• 2026-04-20 Listed $179,000 BRIGHT MLS
• 2002-06-06 Sold (MLS) $29,900 BRIGHT MLS
• 2002-03-08 Listing Removed — BRIGHT MLS
• 2002-03-05 Listed $29,900 BRIGHT MLS
• 1977-07-11 Sold (Public Records) $15,000 Public Records

Property tax history

+2.1%/yr

Latest (2025): $3,616 · +1.5% YoY. Source: county tax records.