1428 Stuyvesant Ave · Trenton, NJ 08618

$245,000

4 bd · 1.5 ba · 1,404 sqft · SingleFamily public records · 273 Days on market

Built 1924 Est $368k · 33% 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 +22.8/30.0
• ARV discount +15.0/15.0
• DSCR +7.3/10.0
• 1% rule +6.4/10.0
• Livability +3.8/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• Appreciation +0.0/10.0

Listing remarks

PRICE REDUCED FOR SELL QUICK!!!!! * * * * CALLING ALL INVESTORS * * * * This charming 1924 Colonial twin home offers a solid investment opportunity with 1,404 sq. ft. of potential. Featuring four spacious bedrooms and 1.5 bathrooms, the layout is ideal for maximizing rental income. The gourmet kitchen is equipped with essential appliances, including a microwave, single oven, and refrigerator, appealing to modern tenants. The full unfinished basement provides ample storage or potential for future expansion, enhancing property value. A cozy fireplace adds character, while hardwood and carpet flooring create a warm ambiance. Exterior highlights include a deck and porch, perfect for outd

Key facts

• Deck and porch
• Asphalt driveway
• Gourmet kitchen

Tags

• GOURMET KITCHEN
• FULL UNFINISHED BASEMENT
• COZY FIREPLACE
• HARDWOOD AND CARPET FLOORING
• DECK AND PORCH
• ASPHALT DRIVEWAY

Property features AI

Exterior

• Parking: Asphalt driveway; Driveway parking
• Utilities: Public water; No septic system; Natural gas available; Electric available; Phone available
• Home design: Semi-detached; Two floors in unit; Entry level is 1
• Construction: Frame construction; Brick/mortar foundation; Above-grade structures
• Exterior features: Sidewalks; Deck(s); Porch(es)

Interior

• Kitchen: Microwave; Single oven; Refrigerator
• Bedrooms: Three bedrooms on the first upper level; One bedroom on the second upper level
• Flooring: Carpet; Hardwood
• Bathrooms: One full bathroom on upper level; One half bathroom on main level
• Heating & cooling: Radiator heat (natural gas); Window cooling units; Electric hot water
• Interior features: Gourmet kitchen; Full unfinished basement; Fireplace (1)
• Laundry & utility: Laundry on main floor

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $245k.

Deal economics

• At list price, monthly cash flow is $425 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $245k).
• Recommended offer: $216k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 6.0% 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: 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 (+2.6%/yr); 144 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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 $2,786/mo this rent would consume 66% of the median local household income ($50k/yr) (locally 2116% 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

• It's been on market 273 days — a 12% lower offer ($216k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 12y ago; this cycle's ask has dropped $76k (24%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $64k; list at $245k implies a 283% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1924 — 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 $215,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 273 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1924 — 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: 1.14% ✓
• Cap rate: 8.37%
• Cash-on-cash: 7.43%
• DSCR: 1.33
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $367,848
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
12 Lasalle Ave	0.58mi	3/1.0 (-1)	1,394 (-1%)	3mo	$120,000	$86	62
325 Concord Ave	0.41mi	3/2.5 (-1)	1,452 (+3%)	10mo	$377,400	$260	58
31 N Lenape Ave	0.58mi	3/1.0 (-1)	1,364 (-3%)	7mo	$301,050	$221	55
323 Concord Ave	0.40mi	4/2.0	1,593 (+14%)	3mo	$258,100	$162	55
318 Sutherland Rd	0.58mi	3/1.5 (-1)	1,440 (+3%)	10mo	$377,500	$262	55
404 Latona Ave	0.40mi	3/2.5 (-1)	1,484 (+6%)	11mo	$440,000	$296	54
524 Greenway Ave	0.60mi	3/1.0 (-1)	1,440 (+3%)	9mo	$400,000	$278	53
840 Parkside Ave	0.63mi	3/2.5 (-1)	1,500 (+7%)	2mo	$400,000	$267	49
23 Cadwalader Ter	0.73mi	3/2.0 (-1)	1,344 (-4%)	5mo	$325,000	$242	48
429 Greenway Ave	0.48mi	3/1.0 (-1)	1,266 (-10%)	11mo	$347,500	$274	45
525 Cleardale Ave	0.69mi	3/1.5 (-1)	1,545 (+10%)	4mo	$400,000	$259	43
25 Preston Ave	0.60mi	3/1.0 (-1)	1,200 (-14%)	2mo	$325,000	$271	40

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 · 2.6% rent growth · sell at horizon

5-year hold

• IRR: -5.4%
• Equity multiple: 0.80×
• Total profit: $-13,678
• Equity at exit: $36,530

10-year hold

• IRR: 3.8%
• Equity multiple: 1.27×
• Total profit: $18,748
• Equity at exit: $21,183

Cash invested: $68,600 (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 08618

• Rents YoY: 2.6%
• Active inventory: 144
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $2,786 high
• Mortgage (P&I): −$1,285
• Tax from tax record: −$389 /mo · $4,671/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$585
• Net cashflow: $425

Break-even live

Break-even rent $2,248

Max offer price $245,000

Occupancy floor 80%

Sensitivity live

Price	-10% $563	-5% $494	+0% $425	+5% $355	+10% $286
Rent	-10% $205	-5% $315	+0% $425	+5% $535	+10% $645
Rate	-1.0pp $548	-0.5pp $487	base $425	+0.5pp $361	+1.0pp $297

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: $61,250
• Closing costs: $7,350
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
129 Clearfield Ave Trenton, NJ	4.0	1.5	1358	$3,000	$2.21	14d	1	0.63mi
830 Lower Ferry Rd Ewing, NJ	3.0	2.0	1438	$2,975	$2.07	15d	1	0.89mi
20 N Overbrook Ave Unit B Trenton, NJ	3.0	1.0	1518	$2,300	$1.52	14d	1	0.99mi
510 N Hermitage Ave Trenton, NJ	5.0	1.5	1316	$2,300	$1.75	0d	1	1.00mi
34 Western Ave Ewing Township, NJ	1.0–3.0	1.0–1.5	832	$2,685	$3.23	15d	3	1.05mi
649 W State St Trenton, NJ	5.0	2.0	1870	$2,900	$1.55	14d	1	1.11mi
600 Artisan St Unit 126 Trenton, NJ	3.0	2.0	1392	$2,650	$1.90	21d	1	1.13mi
600 Artisan St Trenton, NJ	3.0	2.0	1392	$2,650	$1.90	14d	3	1.13mi
92 Pennwood Dr Ewing, NJ	4.0	3.0	1702	$3,850	$2.26	15d	1	1.18mi
117 Rutledge Ave Ewing, NJ	4.0	1.0	1260	$2,800	$2.22	22d	1	1.25mi
1008 Terrace Blvd Ewing, NJ	4.0	1.0	1116	$2,850	$2.55	15d	1	1.33mi
1100 Prospect St Unit 1 Ewing Township, NJ	3.0	1.0	1100	$2,000	$1.82	22d	1	1.35mi
103 Pennsylvania Ave Ewing, NJ	3.0	1.0	1200	$2,600	$2.17	15d	1	1.38mi
1062 Terrace Blvd Ewing, NJ	4.0	1.0	1116	$2,600	$2.33	15d	1	1.41mi
319 Rutherford Ave Trenton, NJ	4.0	2.0	1100	$2,200	$2.00	22d	1	1.42mi

Listing history 27 events

1. 2026-06-18
   days on market $245,000 Active 273 DOM
2. 2026-06-17
   days on market $245,000 Active 272 DOM
3. 2026-06-16
   days on market $245,000 Active 271 DOM
4. 2026-06-15
   days on market $245,000 Active 270 DOM
5. 2026-06-14
   days on market $245,000 Active 268 DOM
6. 2026-06-10
   days on market $245,000 Active 265 DOM
7. 2026-06-09
   days on market $245,000 Active 264 DOM
8. 2026-06-08
   days on market $245,000 Active 263 DOM
9. 2026-06-07
   days on market $245,000 Active 262 DOM
10. 2026-06-03
    days on market $245,000 Active 258 DOM
11. 2026-06-02
    days on market $245,000 Active 257 DOM
12. 2026-06-01
    days on market $245,000 Active 256 DOM
13. 2026-05-31
    days on market $245,000 Active 255 DOM
14. 2026-05-30
    days on market $245,000 Active 254 DOM
15. 2026-05-14
    price $245,000
16. 2026-02-19
    price $280,999
17. 2025-10-16
    price $285,999
18. 2025-09-28
    price $289,999
19. 2025-09-23
    price $310,999
20. 2025-09-18
    listed $320,999 Active
21. 2020-01-28
    historical
22. 2019-10-23
    price $190,000
23. 2019-10-23
    price $190,000
24. 2019-10-01
    listed $225,000 Active
25. 2015-09-22
    historical
26. 2014-09-22
    listed $75,000
27. 1996-10-28
    soldstatus $64,000

ⓘ 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: $4,671 · $389/mo
• Projected year-2 tax: $5,386 · $449/mo
• Expected delta: +$715/yr (+$60/mo · 15.3%)

ⓘ 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: $33,429
• − Mortgage interest: −$13,724
• − Property taxes: −$4,671
• − Insurance: −$1,225
• − Repairs & maintenance: −$2,674
• − Management: −$2,674
• − Depreciation: −$7,127
• Taxable income: $1,334
• Est. tax owed @ 24.0%: −$320
• After-tax cash flow: $4,776/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): 35,634
• Household income: $50,390
• Rent vs Own: 54.2% rent · 45.8% own
• Severe rent burden: 2116.0

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 0.59)
• Race & ethnicity: Black 59% White 19% Hispanic / Latino 16% Two or more races 7% Asian 3%
• Hispanic origin (detail): Mexican 1% Puerto Rican 6% Dominican 3%
• Common ancestry: Romanian 2% Hispanic 1% Scotch-Irish 1%
• Foreign-born: 14% · Canada, China, South Korea
• Languages at home: 80% English-only · Spanish 10% Other Indo-European 3% Arabic 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: ▼ -309.54%
• Current HPI: 288.6841
• Rent YoY: ▲ 2.60%
• 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

+282.8% since first listed

13 events — show timeline

• 2026-05-14 Price Changed $245,000 BRIGHT MLS
• 2026-02-19 Price Changed $280,999 BRIGHT MLS
• 2025-10-16 Price Changed $285,999 BRIGHT MLS
• 2025-09-28 Price Changed $289,999 BRIGHT MLS
• 2025-09-23 Price Changed $310,999 BRIGHT MLS
• 2025-09-18 Listed $320,999 BRIGHT MLS
• 2020-01-28 Listing Removed — BRIGHT MLS
• 2019-10-23 Price Changed $190,000 CJMLS
• 2019-10-23 Price Changed $190,000 BRIGHT MLS
• 2019-10-01 Listed $225,000 BRIGHT MLS
• 2015-09-22 Listing Removed — BRIGHT MLS
• 2014-09-22 Listed $75,000 BRIGHT MLS
• 1996-10-28 Sold (Public Records) $64,000 Public Records

Property tax history

+2.3%/yr

Latest (2025): $4,671 · +1.5% YoY. Source: county tax records.