644 Edgewood Ave · Trenton, NJ 08618

$290,000

4 bd · 1.0 ba · 1,246 sqft · Townhouse public records · 24 Days on market

Built 1923 1,882 sqft lot

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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 +16.5/30.0
• ARV discount +7.5/15.0
• DSCR +5.1/10.0
• 1% rule +4.0/10.0
• 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 MLS

CORPORATE OWNED. SELLING STRICTLY AS-IS, MAKE ALL OFFERS KNOWN. BUYER RESPONSIBLE FOR C/O, SMOKE CERT & ALL INSPECTIONS. VACANT CALL L/O FOR LBOX COMBO. PREQUAL OR PROOF OF FUNDS WITH ALL OFFERS PLEASE.

Key facts

• On-street parking
• Low-maintenance lot
• Brick exterior

Tags

• UNFINISHED BASEMENT
• ALUMINUM SIDING
• BRICK EXTERIOR
• ON-STREET PARKING
• LOW-MAINTENANCE LOT

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas hot water
• Home design: Semi-detached property; Estimated year built
• Construction: Aluminum siding and brick exterior; Brick/mortar foundation; Above-grade and below-grade structures
• Exterior features: Lot approximately 18.8 x 100; Tidal water: none

Interior

• Bedrooms: Four bedrooms on the main level
• Flooring: Vinyl flooring; Wood flooring
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Radiator heating (natural gas); 60 Amp electrical service
• Interior features: Full unfinished basement
• Laundry & utility: Laundry in the basement

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath townhouse listed at $290k.

Deal economics

• At list price, monthly cash flow is $168 ($2k/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 $260k (10.3% below list).
• Recommended offer: $260k (10.3% 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: Gregory Elementary School (math 0% / reading 12%, grade F, #1,290 of 1,303 statewide, top 99%, 269 students, 84% FRL); Joyce Kilmer School (math 0% / reading 14%); Trenton Central High School - Main Campus (math 2% / reading 10%, grade F, #396 of 399 statewide, top 99%, 2,255 students, 56% FRL).
• Market conditions: Rents rising (+2.6%/yr); 148 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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 $2,602/mo this rent would consume 62% 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 $9k 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 24 days — a 2% lower offer ($286k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 25y 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 $27k; list at $290k implies a 974% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1923 — 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 $260,214 (10.3% below list)

Questions for the listing agent

1. Built in 1923 — 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: 0.90% ✗
• Cap rate: 6.99%
• Cash-on-cash: 2.48%
• DSCR: 1.11
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $160,734
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
27 Laurel Ave	0.45mi	4/1.0	1,258 (+1%)	2mo	$201,000	$160	76
29 Laurel Ave	0.46mi	4/1.0	1,258 (+1%)	4mo	$180,000	$143	74
51 Boudinot St	0.08mi	3/1.0 (-1)	1,382 (+11%)	2mo	$181,000	$131	71
508 Riverside Ave	0.29mi	4/1.0	1,384 (+11%)	2mo	$160,000	$116	67
2 Laurel Pl	0.54mi	3/1.0 (-1)	1,222 (-2%)	2mo	$130,000	$106	65
506 Riverside Ave	0.29mi	4/1.0	1,402 (+12%)	3mo	$160,000	$114	63
440 W Hanover St	0.57mi	3/1.0 (-1)	1,230 (-1%)	8mo	$40,000	$33	60
128 Exton Ave	0.34mi	3/1.0 (-1)	1,108 (-11%)	3mo	$189,900	$171	59
28 Bryn Mawr Ave	0.38mi	4/1.0	1,428 (+15%)	5mo	$130,000	$91	54
50 Kelsey Ave	0.72mi	3/1.0 (-1)	1,291 (+4%)	7mo	$200,000	$155	49
33 Oak St	0.51mi	3/1.0 (-1)	1,428 (+15%)	2mo	$150,000	$105	46
46 Reading Ave	0.66mi	3/2.0 (-1)	1,432 (+15%)	8mo	$184,900	$129	29

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: -12.8%
• Equity multiple: 0.54×
• Total profit: $-37,389
• Equity at exit: $43,240

10-year hold

• IRR: -4.4%
• Equity multiple: 0.71×
• Total profit: $-23,183
• Equity at exit: $25,074

Cash invested: $81,200 (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 08618

• Rents YoY: 2.6%
• Active inventory: 148
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $2,602 high
• Mortgage (P&I): −$1,521
• Tax from tax record: −$246 /mo · $2,957/yr
• Insurance: −$121
• HOA: −$0
• Vacancy / Maint / Mgmt: −$546
• Net cashflow: $168

Break-even live

Break-even rent $2,390

Max offer price $290,000

Occupancy floor 89%

Sensitivity live

Price	-10% $332	-5% $250	+0% $168	+5% $86	+10% $4
Rent	-10% $-38	-5% $65	+0% $168	+5% $270	+10% $373
Rate	-1.0pp $314	-0.5pp $241	base $168	+0.5pp $93	+1.0pp $16

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: $72,500
• Closing costs: $8,700
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
600 Artisan St Trenton, NJ	3.0	2.0	1392	$2,650	$1.90	14d	3	0.07mi
600 Artisan St Unit 126 Trenton, NJ	3.0	2.0	1392	$2,650	$1.90	22d	1	0.07mi
510 N Hermitage Ave Trenton, NJ	5.0	1.5	1316	$2,300	$1.75	0d	1	0.27mi
311 Spring St Trenton, NJ	3.0	1.0	1200	$2,200	$1.83	15d	1	0.41mi
319 Rutherford Ave Trenton, NJ	4.0	2.0	1100	$2,200	$2.00	23d	1	0.42mi
510 W Hanover St Trenton, NJ	5.0	1.0	1200	$2,200	$1.83	15d	1	0.45mi
186 Passaic St Trenton, NJ	3.0	2.0	1064	$2,400	$2.26	6d	1	0.46mi
24 New Trent St Trenton, NJ	3.0	2.0	1336	$2,350	$1.76	15d	1	0.93mi
1100 Prospect St Unit 1 Ewing Township, NJ	3.0	1.0	1100	$2,000	$1.82	23d	1	0.94mi
130 W Ingham Ave Trenton, NJ	4.0	1.0	1126	$2,000	$1.78	15d	1	0.99mi
34 E Hendrickson Ave Morrisville, PA	3.0	1.0	1360	$2,650	$1.95	45d	1	1.07mi
129 Clearfield Ave Trenton, NJ	4.0	1.5	1358	$3,000	$2.21	14d	1	1.13mi
134 Old Rose St Trenton, NJ	4.0	2.0	1212	$2,300	$1.90	23d	1	1.16mi
125 Olive St Trenton, NJ	2.0–3.0	1.0–1.5	896	$1,392	$1.55	23d	1	1.19mi
117 Park Ave Morrisville, PA	3.0	2.0	1396	$3,200	$2.29	14d	1	1.28mi
130 Harper Ave Morrisville, PA	3.0	2.5	1276	$3,500	$2.74	14d	1	1.47mi

Listing history 22 events

1. 2026-06-22
   days on market $290,000 Active 24 DOM
2. 2026-06-18
   days on market $290,000 Active 21 DOM
3. 2026-06-17
   price $290,000 Active 20 DOM
4. 2026-06-17
   days on market $295,000 Active 20 DOM
5. 2026-06-16
   days on market $295,000 Active 19 DOM
6. 2026-06-15
   days on market $295,000 Active 18 DOM
7. 2026-06-14
   days on market $295,000 Active 16 DOM
8. 2026-06-10
   days on market $295,000 Active 13 DOM
9. 2026-06-09
   days on market $295,000 Active 12 DOM
10. 2026-06-08
    days on market $295,000 Active 11 DOM
11. 2026-06-07
    days on market $295,000 Active 10 DOM
12. 2026-06-03
    days on market $295,000 Active 6 DOM
13. 2026-06-02
    days on market $295,000 Active 5 DOM
14. 2026-06-01
    days on market $295,000 Active 4 DOM
15. 2026-05-31
    days on market $295,000 Active 3 DOM
16. 2026-05-30
    days on market $295,000 Active 2 DOM
17. 2026-05-28
    listed $295,000 Active
18. 2002-05-20
    soldstatus $27,000 208-char remark

    Show marketing remark (208 chars)

    CORPORATE OWNED. SELLING STRICTLY AS-IS, MAKE ALL OFFERS KNOWN. BUYER RESPONSIBLE FOR C/O, SMOKE CERT & ALL INSPECTIONS. VACANT CALL L/O FOR LBOX COMBO. PREQUAL OR PROOF OF FUNDS WITH ALL OFFERS PLEASE.

19. 2002-05-01
    historical 208-char remark

    Show marketing remark (208 chars)

    CORPORATE OWNED. SELLING STRICTLY AS-IS, MAKE ALL OFFERS KNOWN. BUYER RESPONSIBLE FOR C/O, SMOKE CERT & ALL INSPECTIONS. VACANT CALL L/O FOR LBOX COMBO. PREQUAL OR PROOF OF FUNDS WITH ALL OFFERS PLEASE.

20. 2001-11-27
    listed $27,000 208-char remark

    Show marketing remark (208 chars)

    CORPORATE OWNED. SELLING STRICTLY AS-IS, MAKE ALL OFFERS KNOWN. BUYER RESPONSIBLE FOR C/O, SMOKE CERT & ALL INSPECTIONS. VACANT CALL L/O FOR LBOX COMBO. PREQUAL OR PROOF OF FUNDS WITH ALL OFFERS PLEASE.

21. 2001-11-24
    historical
22. 2001-08-29
    listed $35,900

ⓘ 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: $2,957 · $246/mo
• Projected year-2 tax: $5,089 · $424/mo
• Expected delta: +$2,132/yr (+$178/mo · 72.1%)

ⓘ 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 ≥103°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: $31,226
• − Mortgage interest: −$16,245
• − Property taxes: −$2,957
• − Insurance: −$1,450
• − Repairs & maintenance: −$2,498
• − Management: −$2,498
• − Depreciation: −$8,436
• Taxable loss: −$2,858
• Est. tax savings @ 24.0%: +$686
• After-tax cash flow: $2,698/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

+721.7% since first listed

6 events — show timeline

• 2026-05-28 Listed $295,000 BRIGHT MLS
• 2002-05-20 Sold (MLS) $27,000 BRIGHT MLS
• 2002-05-01 Listing Removed — BRIGHT MLS
• 2001-11-27 Listed $27,000 BRIGHT MLS
• 2001-11-24 Listing Removed — BRIGHT MLS
• 2001-08-29 Listed $35,900 BRIGHT MLS

Property tax history

+1.8%/yr

Latest (2025): $2,957 · +1.5% YoY. Source: county tax records.