409 Genesee St · Trenton, NJ 08611

$220,000

3 bd · 1.0 ba · 1,148 sqft · Townhouse public records · 46 Days on market

Built 1910 1,460 sqft lot Est $208k · 6% over

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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 +17.0/30.0
• DSCR +5.3/10.0
• ARV discount +4.9/15.0
• 1% rule +4.5/10.0
• 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 MLS

Great investment opportunity! 409 Genesee Street, Trenton, NJ is a 3 bedroom row home with 1 car garage parking spot and fenced backyard. Home is 1,064 sq ft and was built in 1910. Schedule to see it today!

Key facts

• Garage
• Built 1910
• Listed 46 days

Property features AI

Finance

• Other: Fee simple ownership

Exterior

• Parking: Detached rear-entry garage (1 space); On-street and off-street parking available; Alley access
• Utilities: Public water; Public sewer; Natural gas service
• Home design: Interior townhouse/rowhouse; Frame construction
• Construction: Stone foundation
• Exterior features: Lot dimensions approximately 14.6 x 100 ft; No tidal water

Interior

• Bedrooms: 3 bedrooms on the upper level
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard hot water heating; Natural gas heating and hot water
• Interior features: Full basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $220k.

Deal economics

• At list price, monthly cash flow is $148 ($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 $209k (4.9% below list).
• Recommended offer: $209k (4.9% 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: Columbus Elementary School (math 2% / reading 17%, grade F, #1,235 of 1,303 statewide, top 96%, 296 students, 74% 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 63% FRL vs 80% district-wide (17 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+4.7%/yr); 84 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 44% 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 $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 46 days — a 3% lower offer ($213k) is reasonable based on typical stale-listing flexibility.
• 8 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 $80k; list at $220k implies a 175% 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 $209,240 (4.9% below list)

Questions for the listing agent

1. It's been on market 46 days. Have you received any prior offers? Is the seller open to a 5% concession, seller financing, or rate buy-down credit?
2. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
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: 0.95% ✗
• Cap rate: 7.10%
• Cash-on-cash: 2.88%
• DSCR: 1.13
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $207,788
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
345 Genesee St	0.03mi	3/1.0	1,080 (-6%)	1mo	$110,000	$102	88
35 Jersey St	0.25mi	4/1.0 (+1)	1,131 (-2%)	0mo	$210,000	$186	81
1210 Chestnut Ave	0.17mi	3/1.0	1,047 (-9%)	1mo	$170,000	$162	76
175 Anderson St	0.45mi	4/1.0 (+1)	1,136 (-1%)	1mo	$225,000	$198	72
632 Lalor St	0.54mi	3/1.0	1,120 (-2%)	2mo	$215,000	$192	68
814 Chestnut Ave	0.22mi	3/1.5	1,292 (+12%)	0mo	$265,000	$205	67
203 3rd St	0.39mi	3/1.0	1,248 (+9%)	1mo	$195,000	$156	66
32 Washington St	0.65mi	3/0.5	1,136 (-1%)	4mo	$164,000	$144	62
242 Centre St #1	0.60mi	2/2.0 (-1)	1,173 (+2%)	3mo	$193,000	$165	57
327 Woodland St	0.47mi	3/1.0	1,007 (-12%)	3mo	$182,000	$181	55
108 Fitz Randolph	0.72mi	3/1.5	1,218 (+6%)	3mo	$215,000	$177	52
320 Commonwealth Ave	0.68mi	2/1.5 (-1)	1,104 (-4%)	4mo	$225,000	$204	51

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: -9.9%
• Equity multiple: 0.63×
• Total profit: $-22,541
• Equity at exit: $32,803

10-year hold

• IRR: 1.7%
• Equity multiple: 1.13×
• Total profit: $8,155
• Equity at exit: $19,022

Cash invested: $61,600 (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 08611

• Rents YoY: 4.7%
• Active inventory: 84
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $2,092 high
• Mortgage (P&I): −$1,154
• Tax from tax record: −$260 /mo · $3,116/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$439
• Net cashflow: $148

Break-even live

Break-even rent $1,905

Max offer price $220,000

Occupancy floor 88%

Sensitivity live

Price	-10% $273	-5% $210	+0% $148	+5% $86	+10% $23
Rent	-10% $-17	-5% $65	+0% $148	+5% $231	+10% $313
Rate	-1.0pp $259	-0.5pp $204	base $148	+0.5pp $91	+1.0pp $33

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
203 Genesee St Unit 2 Trenton, NJ	2.0	1.0	1452	$1,700	$1.17	23d	1	0.15mi
225 Home Ave Trenton, NJ	2.0	1.0	800	$1,750	$2.19	23d	1	0.19mi
1103 Division St Trenton, NJ	4.0	1.0	1296	$2,000	$1.54	23d	1	0.24mi
313 Home Ave Trenton, NJ	3.0	1.0	1112	$2,100	$1.89	15d	1	0.28mi
705 Anderson St Trenton, NJ	3.0	1.0	1132	$1,800	$1.59	15d	1	0.37mi
244 Jersey St Trenton, NJ	3.0	1.5	1368	$2,300	$1.68	15d	1	0.42mi
176 Division St Apt 106 Trenton, NJ	2.0	1.0	975	$1,700	$1.74	23d	1	0.43mi
71 Clark St Trenton, NJ	1.0–2.0	1.0–2.0	975	$2,350	$2.41	15d	4	0.46mi
837 Genesee St Trenton, NJ	2.0	1.0	850	$1,700	$2.00	23d	1	0.47mi
233 Virginia Ave Trenton, NJ	3.0	1.0	1302	$2,500	$1.92	14d	1	0.51mi
547 Centre St Trenton, NJ	3.0	1.0	1060	$1,850	$1.75	23d	1	0.53mi
1049 Genesee St Trenton, NJ	3.0	1.0	1270	$2,300	$1.81	23d	1	0.63mi
1132 Genesee St Unit 1132 Trenton, NJ	3.0	1.0	1198	$2,500	$2.09	23d	1	0.70mi
635 Chambers St Trenton, NJ	4.0	2.0	1312	$2,500	$1.91	15d	1	0.72mi
720 Monmouth St Unit 204 Trenton, NJ	2.0	1.0	1011	$1,750	$1.73	23d	1	0.73mi
1078 Lalor St Unit 1 Trenton, NJ	2.0	1.0	1488	$1,895	$1.27	23d	1	0.79mi
1078 Lalor St Unit 2 Trenton, NJ	2.0	1.0	1488	$1,785	$1.20	23d	1	0.79mi
121 Columbus Ave Trenton, NJ	3.0	1.0	1050	$1,900	$1.81	23d	1	0.82mi
105 Walnut Ave Unit 1 Trenton, NJ	2.0	1.0	1200	$2,000	$1.67	23d	1	0.95mi
234 Walnut Ave Trenton, NJ	4.0	1.0	1480	$2,200	$1.49	23d	1	1.08mi
216 E State St Trenton, NJ	1.0–2.0	1.0	811	$1,895	$2.34	15d	2	1.14mi
339 Tioga St #339 Trenton, NJ	2.0	1.0	864	$1,850	$2.14	23d	1	1.15mi
202 E Hanover St Unit 5G Trenton, NJ	2.0	1.0	750	$1,200	$1.60	23d	1	1.22mi
417 Walnut Ave Trenton, NJ	3.0	1.0	992	$2,050	$2.07	23d	1	1.23mi
125 Olive St Trenton, NJ	2.0–3.0	1.0–1.5	896	$1,392	$1.55	23d	1	1.28mi
117 Park Ave Morrisville, PA	3.0	2.0	1396	$3,200	$2.29	14d	1	1.32mi
42 Grant St Trenton, NJ	4.0	1.0	1000	$2,000	$2.00	15d	1	1.32mi
428 Cleveland Ave Trenton, NJ	4.0	2.0	1400	$2,500	$1.79	23d	1	1.39mi
1163 E State St Unit 9 Trenton, NJ	2.0	1.0	775	$1,770	$2.28	23d	1	1.43mi
1165 E State St Trenton, NJ	3.0	1.0	900	$1,749	$1.94	15d	1	1.43mi

Listing history 42 events

1. 2026-06-22
   days on market $220,000 Active 46 DOM
2. 2026-06-18
   days on market $220,000 Active 43 DOM
3. 2026-06-17
   days on market $220,000 Active 42 DOM
4. 2026-06-16
   days on market $220,000 Active 41 DOM
5. 2026-06-15
   days on market $220,000 Active 40 DOM
6. 2026-06-14
   days on market $220,000 Active 38 DOM
7. 2026-06-10
   days on market $220,000 Active 35 DOM
8. 2026-06-09
   days on market $220,000 Active 34 DOM
9. 2026-06-08
   days on market $220,000 Active 33 DOM
10. 2026-06-07
    days on market $220,000 Active 32 DOM
11. 2026-06-03
    days on market $220,000 Active 28 DOM
12. 2026-06-02
    days on market $220,000 Active 27 DOM
13. 2026-06-01
    days on market $220,000 Active 26 DOM
14. 2026-05-31
    days on market $220,000 Active 25 DOM
15. 2026-05-30
    days on market $220,000 Active 24 DOM
16. 2026-05-07
    listed $220,000 Active
17. 2021-07-15
    soldstatus $80,000
18. 2017-06-06
    soldstatus $30,500 206-char remark

    Show marketing remark (206 chars)

    Great investment opportunity! 409 Genesee Street, Trenton, NJ is a 3 bedroom row home with 1 car garage parking spot and fenced backyard. Home is 1,064 sq ft and was built in 1910. Schedule to see it today!

19. 2017-06-06
    soldstatus $30,500 Sold 206-char remark

    Show marketing remark (206 chars)

    Great investment opportunity! 409 Genesee Street, Trenton, NJ is a 3 bedroom row home with 1 car garage parking spot and fenced backyard. Home is 1,064 sq ft and was built in 1910. Schedule to see it today!

20. 2017-05-17
    status Under Contract 206-char remark

    Show marketing remark (206 chars)

    Great investment opportunity! 409 Genesee Street, Trenton, NJ is a 3 bedroom row home with 1 car garage parking spot and fenced backyard. Home is 1,064 sq ft and was built in 1910. Schedule to see it today!

21. 2017-05-02
    status Active 206-char remark

    Show marketing remark (206 chars)

    Great investment opportunity! 409 Genesee Street, Trenton, NJ is a 3 bedroom row home with 1 car garage parking spot and fenced backyard. Home is 1,064 sq ft and was built in 1910. Schedule to see it today!

22. 2017-04-24
    status Under Contract 206-char remark

    Show marketing remark (206 chars)

    Great investment opportunity! 409 Genesee Street, Trenton, NJ is a 3 bedroom row home with 1 car garage parking spot and fenced backyard. Home is 1,064 sq ft and was built in 1910. Schedule to see it today!

23. 2017-04-11
    price $28,000 206-char remark

    Show marketing remark (206 chars)

    Great investment opportunity! 409 Genesee Street, Trenton, NJ is a 3 bedroom row home with 1 car garage parking spot and fenced backyard. Home is 1,064 sq ft and was built in 1910. Schedule to see it today!

24. 2017-04-10
    status Active 206-char remark

    Show marketing remark (206 chars)

    Great investment opportunity! 409 Genesee Street, Trenton, NJ is a 3 bedroom row home with 1 car garage parking spot and fenced backyard. Home is 1,064 sq ft and was built in 1910. Schedule to see it today!

25. 2017-04-03
    historical 206-char remark

    Show marketing remark (206 chars)

    Great investment opportunity! 409 Genesee Street, Trenton, NJ is a 3 bedroom row home with 1 car garage parking spot and fenced backyard. Home is 1,064 sq ft and was built in 1910. Schedule to see it today!

26. 2017-03-14
    status Under Contract 206-char remark

    Show marketing remark (206 chars)

    Great investment opportunity! 409 Genesee Street, Trenton, NJ is a 3 bedroom row home with 1 car garage parking spot and fenced backyard. Home is 1,064 sq ft and was built in 1910. Schedule to see it today!

27. 2017-02-28
    listed $30,000 Active 206-char remark

    Show marketing remark (206 chars)

    Great investment opportunity! 409 Genesee Street, Trenton, NJ is a 3 bedroom row home with 1 car garage parking spot and fenced backyard. Home is 1,064 sq ft and was built in 1910. Schedule to see it today!

28. 2017-02-27
    listed $28,000 206-char remark

    Show marketing remark (206 chars)

    Great investment opportunity! 409 Genesee Street, Trenton, NJ is a 3 bedroom row home with 1 car garage parking spot and fenced backyard. Home is 1,064 sq ft and was built in 1910. Schedule to see it today!

29. 2006-04-24
    soldstatus $120,000
30. 2006-04-20
    soldstatus $120,000
31. 2006-03-01
    historical
32. 2005-12-22
    listed $120,000
33. 2005-10-27
    soldstatus $61,000
34. 2005-10-17
    soldstatus $61,000
35. 2002-01-22
    soldstatus $48,500
36. 2001-11-30
    soldstatus $52,000
37. 2001-10-30
    historical
38. 2001-07-03
    listed $52,000
39. 2001-01-02
    listed $52,000
40. 2001-01-02
    historical
41. 1985-10-01
    soldstatus $426,000
42. 1983-07-01
    soldstatus $29,900

ⓘ 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: $3,116 · $260/mo
• Projected year-2 tax: $4,297 · $358/mo
• Expected delta: +$1,181/yr (+$98/mo · 37.9%)

ⓘ 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: $25,109
• − Mortgage interest: −$12,323
• − Property taxes: −$3,116
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,009
• − Management: −$2,009
• − Depreciation: −$6,400
• Taxable loss: −$1,848
• Est. tax savings @ 24.0%: +$443
• After-tax cash flow: $2,219/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

+635.8% since first listed

27 events — show timeline

• 2026-05-07 Listed $220,000 BRIGHT MLS
• 2021-07-15 Sold (Public Records) $80,000 Public Records
• 2017-06-06 Sold (MLS) $30,500 TREND
• 2017-06-06 Sold (MLS) $30,500 BRIGHT MLS
• 2017-05-17 Pending — TREND
• 2017-05-02 Relisted — TREND
• 2017-04-24 Pending — TREND
• 2017-04-11 Price Changed $28,000 TREND
• 2017-04-10 Relisted — TREND
• 2017-04-03 Delisted — TREND
• 2017-03-14 Pending — TREND
• 2017-02-28 Listed $30,000 TREND
• 2017-02-27 Listed $28,000 BRIGHT MLS
• 2006-04-24 Sold (Public Records) $120,000 Public Records
• 2006-04-20 Sold (MLS) $120,000 BRIGHT MLS
• 2006-03-01 Listing Removed — BRIGHT MLS
• 2005-12-22 Listed $120,000 BRIGHT MLS
• 2005-10-27 Sold (Public Records) $61,000 Public Records
• 2005-10-17 Sold (Public Records) $61,000 Public Records
• 2002-01-22 Sold (Public Records) $48,500 Public Records
• 2001-11-30 Sold (MLS) $52,000 BRIGHT MLS
• 2001-10-30 Listing Removed — BRIGHT MLS
• 2001-07-03 Listed $52,000 BRIGHT MLS
• 2001-01-02 Listing Removed — BRIGHT MLS
• 2001-01-02 Listed $52,000 BRIGHT MLS
• 1985-10-01 Sold (Public Records) $426,000 Public Records
• 1983-07-01 Sold (Public Records) $29,900 Public Records

Property tax history

+0.7%/yr

Latest (2025): $3,116 · +1.5% YoY. Source: county tax records.