1471 Liberty St · Trenton, NJ 08629

$215,000

3 bd · 1.0 ba · 1,296 sqft · SingleFamily public records · 11 Days on market

Built 1930 1,699 sqft lot Est $295k · 27% 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 +21.6/30.0
• ARV discount +15.0/15.0
• DSCR +6.9/10.0
• 1% rule +5.6/10.0
• Livability +3.8/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious Colonial in Hamilton with 3 bedrooms, 1 bath, full basement, new carpets, gorgeous hardwood flooring, wood plank front porch in excellent condition, huge kitchen with tons of cabinets and shelves, built-in wood china cabinet, large rooms, fenced yard all in nice location.

Key facts

• Large eat in kitchen
• Formal dining room
• Great size back yard

Tags

• LARGE LIVING ROOM
• FORMAL DINING ROOM
• LARGE EAT IN KITCHEN
• GREAT SIZE BACK YARD
• LARGE UNFINISHED BASEMENT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $325 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $215k).
• 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.
• Hamilton Township Public School District (suburban): math 17% / reading 41% proficiency, ranked #338 of 472 in NJ (top 72%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 25 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $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

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 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 $140k; list at $215k implies a 54% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1930 — 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 $215,000

Questions for the listing agent

1. Built in 1930 — 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: 1.06% ✓
• Cap rate: 8.11%
• Cash-on-cash: 6.49%
• DSCR: 1.29
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $295,488
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
326 Tindall Ave	0.06mi	3/1.0	1,411 (+9%)	2mo	$365,000	$259	81
1040 Melrose Ave	0.16mi	3/1.0	1,344 (+4%)	6mo	$225,000	$167	81
611 E Brown St	0.30mi	3/1.0	1,388 (+7%)	4mo	$310,000	$223	71
21 Berg Ave	0.52mi	3/1.5	1,270 (-2%)	3mo	$329,900	$260	68
872 Revere Ave	0.32mi	3/1.0	1,200 (-7%)	8mo	$293,000	$244	66
877 Park Ave	0.39mi	3/2.0	1,406 (+8%)	7mo	$320,000	$228	58
307 Commonwealth Ave	0.33mi	3/1.0	1,480 (+14%)	8mo	$275,000	$186	55
1521 S Clinton Ave	0.59mi	4/1.5 (+1)	1,348 (+4%)	6mo	$208,000	$154	54
825 Lyndale Ave	0.41mi	4/1.5 (+1)	1,443 (+11%)	1mo	$360,000	$249	54
1919--1921 Clinton	0.68mi	3/1.0	1,408 (+9%)	1mo	$250,000	$178	53
156 Kent St	0.52mi	3/1.0	1,470 (+13%)	0mo	$208,000	$141	53
718 E Howell St	0.35mi	3/3.0	1,144 (-12%)	7mo	$380,000	$332	50

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: -6.3%
• Equity multiple: 0.77×
• Total profit: $-14,089
• Equity at exit: $32,057

10-year hold

• IRR: 3.3%
• Equity multiple: 1.24×
• Total profit: $14,517
• Equity at exit: $18,589

Cash invested: $60,200 (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 08629

• Active inventory: 25
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $2,272 high
• Mortgage (P&I): −$1,127
• Tax from tax record: −$252 /mo · $3,026/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$477
• Net cashflow: $325

Break-even live

Break-even rent $1,860

Max offer price $215,000

Occupancy floor 81%

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
121 Columbus Ave Trenton, NJ	3.0	1.0	1050	$1,900	$1.81	21d	1	0.40mi
234 Howell St Trenton, NJ	3.0	3.0	1656	$3,600	$2.17	21d	1	0.43mi
973 S Olden Ave Unit 2ND FLOOR Trenton, NJ	2.0	1.0	1664	$1,850	$1.11	21d	1	0.44mi
705 Anderson St Trenton, NJ	3.0	1.0	1132	$1,800	$1.59	13d	1	0.47mi
635 Chambers St Trenton, NJ	4.0	2.0	1312	$2,500	$1.91	13d	1	0.50mi
176 Division St Apt 106 Trenton, NJ	2.0	1.0	975	$1,700	$1.74	21d	1	0.51mi
1132 Genesee St Unit 1132 Trenton, NJ	3.0	1.0	1198	$2,500	$2.09	21d	1	0.65mi
1049 Genesee St Trenton, NJ	3.0	1.0	1270	$2,300	$1.81	21d	1	0.65mi
1103 Division St Trenton, NJ	4.0	1.0	1296	$2,000	$1.54	21d	1	0.68mi
720 Monmouth St Unit 204 Trenton, NJ	2.0	1.0	1011	$1,750	$1.73	21d	1	0.68mi
239 Ardmore Ave Trenton, NJ	4.0	2.0	1665	$2,750	$1.65	21d	1	0.69mi
428 Cleveland Ave Trenton, NJ	4.0	2.0	1400	$2,500	$1.79	21d	1	0.72mi
1078 Lalor St Unit 2 Trenton, NJ	2.0	1.0	1488	$1,785	$1.20	21d	1	0.78mi
1078 Lalor St Unit 1 Trenton, NJ	2.0	1.0	1488	$1,895	$1.27	21d	1	0.78mi
233 Virginia Ave Trenton, NJ	3.0	1.0	1302	$2,500	$1.92	12d	1	0.89mi
203 Genesee St Unit 2 Trenton, NJ	2.0	1.0	1452	$1,700	$1.17	21d	1	0.90mi
417 Walnut Ave Trenton, NJ	3.0	1.0	992	$2,050	$2.07	21d	1	0.90mi
234 Walnut Ave Trenton, NJ	4.0	1.0	1480	$2,200	$1.49	21d	1	0.92mi
105 Walnut Ave Unit 1 Trenton, NJ	2.0	1.0	1200	$2,000	$1.67	21d	1	0.94mi
313 Home Ave Trenton, NJ	3.0	1.0	1112	$2,100	$1.89	13d	1	0.95mi
219 Woodlawn Ave Trenton, NJ	3.0	1.0	1456	$2,355	$1.62	13d	1	1.03mi
71 Clark St Trenton, NJ	1.0–2.0	1.0–2.0	975	$2,350	$2.41	13d	4	1.03mi
1165 E State St Trenton, NJ	3.0	1.0	900	$1,749	$1.94	13d	1	1.03mi
340 Connecticut Ave Unit 1 Hamilton Township, NJ	2.0	1.0	1000	$2,500	$2.50	13d	1	1.03mi
340 Connecticut Ave Unit 2 Hamilton Township, NJ	3.0	1.0	1400	$2,850	$2.04	13d	1	1.03mi
244 Jersey St Trenton, NJ	3.0	1.5	1368	$2,300	$1.68	13d	1	1.12mi
210 Kuser Rd Trenton, NJ	3.0	1.5	1360	$2,700	$1.99	21d	1	1.13mi
700 Schiller Ave Trenton, NJ	3.0	1.0	1558	$2,500	$1.60	13d	1	1.22mi
42 Grant St Trenton, NJ	4.0	1.0	1000	$2,000	$2.00	13d	1	1.30mi
88 Sundance Dr Trenton, NJ	3.0	2.5	1730	$3,103	$1.79	43d	1	1.33mi
8 Joan Ter Trenton, NJ	3.0	2.0	1397	$3,250	$2.33	21d	1	1.34mi
547 Centre St Trenton, NJ	3.0	1.0	1060	$1,850	$1.75	21d	1	1.35mi
34 Southard St #2 Trenton, NJ	2.0	2.0	1808	$2,150	$1.19	21d	1	1.35mi
110 Nottinghill Ln Hamilton Township, NJ	1.0–2.0	1.0	815	$2,345	$2.88	13d	11	1.35mi
255 Hollywood Dr Trenton, NJ	4.0	1.0	1650	$2,950	$1.79	21d	1	1.42mi

Listing history 13 events

1. 2026-03-24
   status Pending
2. 2026-03-13
   listed $215,000 Active
3. 2006-04-28
   soldstatus $140,000
4. 2005-12-02
   historical
5. 2005-08-07
   listed $140,000
6. 2002-09-30
   soldstatus $81,000
7. 2002-09-19
   soldstatus $81,000 281-char remark

   Show marketing remark (281 chars)

   Spacious Colonial in Hamilton with 3 bedrooms, 1 bath, full basement, new carpets, gorgeous hardwood flooring, wood plank front porch in excellent condition, huge kitchen with tons of cabinets and shelves, built-in wood china cabinet, large rooms, fenced yard all in nice location.

8. 2002-07-11
   historical 281-char remark

   Show marketing remark (281 chars)

   Spacious Colonial in Hamilton with 3 bedrooms, 1 bath, full basement, new carpets, gorgeous hardwood flooring, wood plank front porch in excellent condition, huge kitchen with tons of cabinets and shelves, built-in wood china cabinet, large rooms, fenced yard all in nice location.

9. 2002-06-01
   listed $81,000 281-char remark

   Show marketing remark (281 chars)

   Spacious Colonial in Hamilton with 3 bedrooms, 1 bath, full basement, new carpets, gorgeous hardwood flooring, wood plank front porch in excellent condition, huge kitchen with tons of cabinets and shelves, built-in wood china cabinet, large rooms, fenced yard all in nice location.

10. 2002-05-30
    historical
11. 2002-01-17
    listed $79,900
12. 1995-07-31
    soldstatus $505,681
13. 1987-02-27
    soldstatus $67,800

ⓘ 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: $3,026 · $252/mo
• Projected year-2 tax: $4,190 · $349/mo
• Expected delta: +$1,164/yr (+$97/mo · 38.5%)

ⓘ 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) · 66% 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: $27,260
• − Mortgage interest: −$12,043
• − Property taxes: −$3,026
• − Insurance: −$1,075
• − Repairs & maintenance: −$2,181
• − Management: −$2,181
• − Depreciation: −$6,255
• Taxable income: $500
• Est. tax owed @ 24.0%: −$120
• After-tax cash flow: $3,785/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: Hamilton Township Public School District
• NCES district ID: 3406540
• Math proficiency: 17% ▼ -15.00%
• Reading proficiency: 41% ▼ -4.00%
• Median HH income: $71,425
• Composite: 27.33/100
• National rank: #6990
• State rank: #338 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

• City population: 177,819
• Population (ZIP): 13,015

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 0.61)
• Race & ethnicity: Hispanic / Latino 50% Black 36% White 11% Two or more races 6% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 8% Dominican 10%
• Common ancestry: Swiss 5% Hispanic 3%
• Foreign-born: 42% · Canada, Jamaica, Guatemala
• Languages at home: 44% English-only · Spanish 45% French/Haitian/Cajun 6% Other Indo-European 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: ▼ -331.65%
• Current HPI: 298.7405
• Rent YoY: —
• Metro: —
• 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

+217.1% since first listed

13 events — show timeline

• 2026-03-24 Pending — BRIGHT MLS
• 2026-03-13 Listed $215,000 BRIGHT MLS
• 2006-04-28 Sold (Public Records) $140,000 Public Records
• 2005-12-02 Listing Removed — BRIGHT MLS
• 2005-08-07 Listed $140,000 BRIGHT MLS
• 2002-09-30 Sold (Public Records) $81,000 Public Records
• 2002-09-19 Sold (MLS) $81,000 BRIGHT MLS
• 2002-07-11 Listing Removed — BRIGHT MLS
• 2002-06-01 Listed $81,000 BRIGHT MLS
• 2002-05-30 Listing Removed — BRIGHT MLS
• 2002-01-17 Listed $79,900 BRIGHT MLS
• 1995-07-31 Sold (Public Records) $505,681 Public Records
• 1987-02-27 Sold (Public Records) $67,800 Public Records

Property tax history

-0.2%/yr

Latest (2025): $3,026 · +5.2% YoY. Source: county tax records.