625 Lamberton St · Trenton, NJ 08611

$185,000

2 bd · 2.0 ba · 1,116 sqft · SingleFamily public records · 82 Days on market

Built 1876 1,560 sqft lot Est $306k · 39% 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 +21.0/30.0
• ARV discount +15.0/15.0
• DSCR +6.7/10.0
• 1% rule +5.7/10.0
• 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

Welcome to this very well maintained row home in Trenton. Totally updated, new kitchen and new appliances with tile flooring and tile backsplash. Beautiful cherry hardwood flooring downstairs and upstairs. Two updated full bathrooms. Roof, furnace and hvac are newer. This home is move in ready! Located near Trenton Thunder Stadium and Trenton Waterfront . Convenient access to the entire Capital Complex, Princeton, recreation areas along the canal, Flemington, New Hope, Rt 195, Rt 295, Rt 29, Rt 129 for access North, South, and East to the shore.

Key facts

• New kitchen
• New appliances
• Tile flooring

Tags

• NEW KITCHEN
• NEW APPLIANCES
• TILE FLOORING
• TILE BACKSPLASH
• CHERRY HARDWOOD FLOORING
• UPDATED FULL BATHROOMS

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; 100 amp electric service; Cable TV available; Hot water: natural gas
• Home design: Interior townhouse/rowhouse; Flat roof; Fee simple ownership
• Construction: Brick construction; Stone foundation; Above-grade and below-grade structures; Built year per assessor
• Exterior features: Level lot with rear yard; Patio(s)

Interior

• Kitchen: Self-cleaning oven; Dishwasher; Built-in microwave
• Bedrooms: Two bedrooms on the upper level
• Flooring: Wood flooring
• Bathrooms: Two full bathrooms (one on main level, one on upper level)
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Ceiling fan(s); Eat-in kitchen

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $261 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $185k).
• Recommended offer: $174k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.0% 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.
• 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 fast (+4.7%/yr); 84 active listings in the ZIP; 33 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).
• This rent runs 42% of the median local income ($57k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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

• It's been on market 82 days — a 6% lower offer ($174k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 22y ago; this cycle's ask has dropped $25k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $21k; list at $185k implies a 781% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1876 — 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 $173,900 (6.0% below list)

Questions for the listing agent

1. It's been on market 82 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1876 — 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: 1.07% ✓
• Cap rate: 7.99%
• Cash-on-cash: 6.05%
• DSCR: 1.27
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $305,784
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
82 Central Ave	0.73mi	2/1.0	1,126 (+1%)	1mo	$190,000	$169	59
554 Centre St	0.27mi	3/1.0 (+1)	1,169 (+5%)	23mo	$225,000	$192	51
73 Central Ave	0.72mi	2/1.5	1,175 (+5%)	11mo	$328,000	$279	47
10 Bowling Green Ave	0.74mi	3/2.0 (+1)	1,224 (+10%)	1mo	$335,000	$274	43

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: -5.0%
• Equity multiple: 0.81×
• Total profit: $-9,841
• Equity at exit: $27,584

10-year hold

• IRR: 6.6%
• Equity multiple: 1.54×
• Total profit: $27,713
• Equity at exit: $15,995

Cash invested: $51,800 (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: 7.8×

Monthly cashflow live

• Estimated rent: $1,975 high
• Mortgage (P&I): −$970
• Tax from tax record: −$252 /mo · $3,022/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$415
• Net cashflow: $261

Break-even live

Break-even rent $1,644

Max offer price $185,000

Occupancy floor 82%

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
547 Centre St Trenton, NJ	3.0	1.0	1060	$1,850	$1.75	21d	1	0.23mi
71 Clark St Trenton, NJ	1.0–2.0	1.0–2.0	975	$2,350	$2.41	13d	4	0.47mi
203 Genesee St Unit 2 Trenton, NJ	2.0	1.0	1452	$1,700	$1.17	21d	1	0.47mi
225 Home Ave Trenton, NJ	2.0	1.0	800	$1,750	$2.19	21d	1	0.59mi
244 Jersey St Trenton, NJ	3.0	1.5	1368	$2,300	$1.68	13d	1	0.65mi
313 Home Ave Trenton, NJ	3.0	1.0	1112	$2,100	$1.89	13d	1	0.66mi
117 Park Ave Morrisville, PA	3.0	2.0	1396	$3,200	$2.29	12d	1	0.79mi
176 Division St Apt 106 Trenton, NJ	2.0	1.0	975	$1,700	$1.74	21d	1	0.89mi
705 Anderson St Trenton, NJ	3.0	1.0	1132	$1,800	$1.59	13d	1	0.95mi
216 E State St Trenton, NJ	1.0–2.0	1.0	811	$1,895	$2.34	13d	2	0.95mi
233 Virginia Ave Trenton, NJ	3.0	1.0	1302	$2,500	$1.92	12d	1	0.96mi
130 Harper Ave Morrisville, PA	3.0	2.5	1276	$3,500	$2.74	12d	1	0.99mi
202 E Hanover St Unit 5G Trenton, NJ	2.0	1.0	750	$1,200	$1.60	21d	1	1.01mi
27 E Palmer St Unit 6 Morrisville, PA	2.0	1.0	1100	$2,100	$1.91	13d	1	1.01mi
27 E Palmer St Unit 5 Morrisville, PA	2.0	1.0	750	$1,750	$2.33	13d	1	1.01mi
720 Monmouth St Unit 103 Trenton, NJ	1.0	1.0	832	$1,450	$1.74	21d	1	1.02mi
720 Monmouth St Unit 111 Trenton, NJ	1.0	1.0	1102	$1,500	$1.36	21d	1	1.02mi
720 Monmouth St Unit 204 Trenton, NJ	2.0	1.0	1011	$1,750	$1.73	21d	1	1.03mi
837 Genesee St Trenton, NJ	2.0	1.0	850	$1,700	$2.00	21d	1	1.03mi
435 Tyler St Unit 115 Trenton, NJ	1.0	1.0	860	$1,600	$1.86	21d	1	1.05mi
125 Olive St Trenton, NJ	2.0–3.0	1.0–1.5	896	$1,220	$1.36	21d	1	1.11mi
105 Walnut Ave Unit 1 Trenton, NJ	2.0	1.0	1200	$2,000	$1.67	21d	1	1.12mi
400 W Bridge St Unit A Morrisville, PA	1.0	1.0	1085	$1,495	$1.38	13d	1	1.14mi
1049 Genesee St Trenton, NJ	3.0	1.0	1270	$2,300	$1.81	21d	1	1.18mi
34 E Hendrickson Ave Morrisville, PA	3.0	1.0	1360	$2,650	$1.95	43d	1	1.18mi
1132 Genesee St Unit 1132 Trenton, NJ	3.0	1.0	1198	$2,500	$2.09	21d	1	1.25mi
121 Columbus Ave Trenton, NJ	3.0	1.0	1050	$1,900	$1.81	21d	1	1.26mi
27 Passaic St Trenton, NJ	2.0	1.0	900	$1,700	$1.89	21d	1	1.31mi
1078 Lalor St Unit 2 Trenton, NJ	2.0	1.0	1488	$1,785	$1.20	21d	1	1.31mi
1078 Lalor St Unit 1 Trenton, NJ	2.0	1.0	1488	$1,895	$1.27	21d	1	1.31mi
12 Belvidere St Trenton, NJ	1.0	1.0	1068	$1,600	$1.50	21d	1	1.32mi
8 Belvidere St Trenton, NJ	2.0	1.0	1260	$1,900	$1.51	21d	1	1.32mi
339 Tioga St #339 Trenton, NJ	2.0	1.0	864	$1,850	$2.14	21d	1	1.44mi

Listing history 35 events

1. 2026-06-18
   days on market $185,000 Active 82 DOM
2. 2026-06-17
   days on market $185,000 Active 81 DOM
3. 2026-06-16
   days on market $185,000 Active 80 DOM
4. 2026-06-15
   days on market $185,000 Active 79 DOM
5. 2026-06-14
   pricedays on market $185,000 Active 77 DOM
6. 2026-06-10
   days on market $199,000 Active 74 DOM
7. 2026-06-09
   days on market $199,000 Active 73 DOM
8. 2026-06-08
   days on market $199,000 Active 72 DOM
9. 2026-06-07
   days on market $199,000 Active 71 DOM
10. 2026-06-03
    days on market $199,000 Active 67 DOM
11. 2026-06-02
    days on market $199,000 Active 66 DOM
12. 2026-06-01
    days on market $199,000 Active 65 DOM
13. 2026-05-31
    days on market $199,000 Active 64 DOM
14. 2026-05-30
    days on market $199,000 Active 63 DOM
15. 2026-04-19
    price $199,000
16. 2026-03-28
    listed $210,000 Active
17. 2025-10-17
    historical
18. 2025-06-30
    price $229,000
19. 2025-04-22
    price $249,000
20. 2025-04-20
    listed $429,000 Active
21. 2016-03-30
    historical
22. 2015-09-22
    listed $75,000
23. 2010-06-03
    soldstatus $21,000
24. 2010-06-03
    soldstatus $21,000
25. 2010-05-07
    historical
26. 2009-08-28
    listed $21,000
27. 2009-08-28
    listed $21,000
28. 2007-12-21
    historical
29. 2007-06-21
    listed $93,000
30. 2007-06-01
    historical
31. 2006-08-31
    listed $114,900
32. 2004-12-20
    soldstatus $105,000
33. 2004-11-02
    soldstatus $105,000
34. 2004-09-02
    historical
35. 2004-08-01
    listed $105,000

ⓘ 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: $3,022 · $252/mo
• Projected year-2 tax: $3,814 · $318/mo
• Expected delta: +$792/yr (+$66/mo · 26.2%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 21% 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: $23,700
• − Mortgage interest: −$10,363
• − Property taxes: −$3,022
• − Insurance: −$925
• − Repairs & maintenance: −$1,896
• − Management: −$1,896
• − Depreciation: −$5,382
• Taxable income: $217
• Est. tax owed @ 24.0%: −$52
• After-tax cash flow: $3,083/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

+89.5% since first listed

21 events — show timeline

• 2026-04-19 Price Changed $199,000 BRIGHT MLS
• 2026-03-28 Listed $210,000 BRIGHT MLS
• 2025-10-17 Listing Removed — BRIGHT MLS
• 2025-06-30 Price Changed $229,000 BRIGHT MLS
• 2025-04-22 Price Changed $249,000 BRIGHT MLS
• 2025-04-20 Listed $429,000 BRIGHT MLS
• 2016-03-30 Listing Removed — BRIGHT MLS
• 2015-09-22 Listed $75,000 BRIGHT MLS
• 2010-06-03 Sold (MLS) $21,000 BRIGHT MLS
• 2010-06-03 Sold (MLS) $21,000 TREND
• 2010-05-07 Listing Removed — BRIGHT MLS
• 2009-08-28 Listed $21,000 BRIGHT MLS
• 2009-08-28 Listed $21,000 TREND
• 2007-12-21 Listing Removed — BRIGHT MLS
• 2007-06-21 Listed $93,000 BRIGHT MLS
• 2007-06-01 Listing Removed — BRIGHT MLS
• 2006-08-31 Listed $114,900 BRIGHT MLS
• 2004-12-20 Sold (Public Records) $105,000 Public Records
• 2004-11-02 Sold (MLS) $105,000 BRIGHT MLS
• 2004-09-02 Listing Removed — BRIGHT MLS
• 2004-08-01 Listed $105,000 BRIGHT MLS

Property tax history

-1.5%/yr

Latest (2025): $3,022 · +1.5% YoY. Source: county tax records.