29 Dexter St · Trenton, NJ 08638

$170,000

3 bd · 1.5 ba · 1,320 sqft · Townhouse public records · 30 Days on market

Built 1912 1,485 sqft lot Est $216k · 21% under

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Why this score? — see what drove the B 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 +29.3/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.7/10.0
• Livability +3.8/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• Appreciation +0.0/10.0

Listing remarks

Town Home in the Abbott Commons section! This updated solid brick colonial style twin home boasts 3 bedrooms with full basement, 1 full and 1 partial bath, nice front porch, back porch, large eat in kitchen with granite stainless and updated cabinets and tastefully done backsplash, large living room/dining room, tile flooring carpeting and beautiful hardwood floors in living room. Home is move in ready and awaits it's lucky new owners. Conveniently located near Route 295, NJ Turnpike, under 60 minutes to New York City and Philadelphia. It is an estate sale and sold in as-is condition and the buyers are responsible for any city inspections and certificate of occupancy! This could be a great

Key facts

• Large eat in kitchen
• Updated cabinets
• Granite stainless

Tags

• SOLID BRICK COLONIAL STYLE
• FULL BASEMENT
• LARGE EAT IN KITCHEN
• GRANITE STAINLESS
• UPDATED CABINETS
• TASTEFULLY DONE BACKSPLASH

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Electric hot water
• Home design: Interior townhouse/rowhouse; Fee simple ownership
• Construction: Brick construction; Brick/mortar foundation
• Exterior features: Lot approximately 16.5 x 90 feet

Interior

• Bedrooms: 3 bedrooms on the upper level
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Full basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $170k.

Deal economics

• At list price, monthly cash flow is $600 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).
• Recommended offer: $167k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.5% vs local median 6.3% 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 (+3.3%/yr); 83 active listings in the ZIP; 37 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 ($67k/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 $5k 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.
• At projected returns (-3.0% appreciation + 3.3% rent growth), your $48k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($167k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y 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 $46k; list at $170k implies a 266% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1912 — 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 $167,450 (1.5% below list)

Questions for the listing agent

1. Built in 1912 — 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: 1.37% ✓
• Cap rate: 10.52%
• Cash-on-cash: 15.11%
• DSCR: 1.67
• GRM: 6.1

CMA / ARV

• ARV (on-the-fly): $216,480
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
224 Phillips Ave	0.07mi	3/1.5	1,210 (-8%)	8mo	$300,000	$248	76
535 Brunswick Ave	0.18mi	3/2.0	1,223 (-7%)	4mo	$200,000	$164	74
18 Evans Ave	0.21mi	4/2.0 (+1)	1,348 (+2%)	8mo	$220,000	$163	73
92 Evans Ave	0.25mi	4/1.5 (+1)	1,368 (+4%)	8mo	$279,000	$204	70
219 Phillips Ave	0.05mi	2/1.0 (-1)	1,158 (-12%)	0mo	$230,000	$199	70
1542 Princeton Ave	0.47mi	4/2.0 (+1)	1,330 (+1%)	5mo	$305,000	$229	66
1242 N Olden Ave	0.40mi	4/2.0 (+1)	1,290 (-2%)	6mo	$167,000	$129	66
119 Wayne Ave	0.56mi	4/1.5 (+1)	1,318 (-0%)	6mo	$170,000	$129	64
224 Miller St	0.12mi	3/1.0	1,503 (+14%)	8mo	$245,000	$163	63
712 Ohio Ave	0.44mi	3/2.0	1,386 (+5%)	9mo	$220,000	$159	62
55 Heil Ave	0.27mi	4/2.0 (+1)	1,200 (-9%)	7mo	$224,999	$187	59
50 Kelsey Ave	0.75mi	3/1.0	1,291 (-2%)	7mo	$200,000	$155	54

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 · 3.31% rent growth · sell at horizon

5-year hold

• IRR: 6.1%
• Equity multiple: 1.24×
• Total profit: $11,439
• Equity at exit: $25,348

10-year hold

• IRR: 15.8%
• Equity multiple: 2.31×
• Total profit: $62,434
• Equity at exit: $14,698

Cash invested: $47,600 (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 08638

• Rents YoY: 3.3%
• Active inventory: 83
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $2,326 high
• Mortgage (P&I): −$891
• Tax from tax record: −$275 /mo · $3,304/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$488
• Net cashflow: $600

Break-even live

Break-even rent $1,567

Max offer price $170,000

Occupancy floor 69%

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: $42,500
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
77 Race St Trenton, NJ	2.0	1.0	950	$1,700	$1.79	21d	1	0.20mi
1314 Princeton Ave Trenton, NJ	4.0	1.0	1092	$2,400	$2.20	13d	1	0.23mi
901 Brunswick Ave #7 Trenton, NJ	3.0	1.0	940	$2,800	$2.98	13d	1	0.42mi
130 W Ingham Ave Trenton, NJ	4.0	1.0	1126	$2,000	$1.78	13d	1	0.44mi
331 Ellis Ave Trenton, NJ	3.0	1.0	1190	$2,275	$1.91	21d	1	0.47mi
24 New Trent St Trenton, NJ	3.0	2.0	1336	$2,350	$1.76	13d	1	0.49mi
134 Old Rose St Trenton, NJ	4.0	2.0	1212	$2,300	$1.90	21d	1	0.57mi
42 Grant St Trenton, NJ	4.0	1.0	1000	$2,000	$2.00	13d	1	0.66mi
1100 Prospect St Unit 1 Ewing Township, NJ	3.0	1.0	1100	$2,000	$1.82	21d	1	0.74mi
34 Southard St #2 Trenton, NJ	2.0	2.0	1808	$2,150	$1.19	21d	1	0.79mi
1040 Indiana Ave Trenton, NJ	3.0	1.0	1232	$2,950	$2.39	13d	1	0.79mi
125 Olive St Trenton, NJ	2.0–3.0	1.0–1.5	896	$1,392	$1.55	21d	1	0.88mi
416 Klagg Ave Trenton, NJ	3.0	1.0	1034	$2,300	$2.22	21d	1	0.93mi
21 Bellevue Ave Trenton, NJ	3.0	2.0	1740	$2,400	$1.38	43d	1	0.94mi
8 Belvidere St Trenton, NJ	2.0	1.0	1260	$1,900	$1.51	21d	1	0.98mi
216 E State St Trenton, NJ	1.0–2.0	1.0	811	$1,895	$2.34	13d	2	1.02mi
234 Walnut Ave Trenton, NJ	4.0	1.0	1480	$2,200	$1.49	21d	1	1.02mi
1165 E State St Trenton, NJ	3.0	1.0	900	$1,749	$1.94	13d	1	1.04mi
319 Rutherford Ave Trenton, NJ	4.0	2.0	1100	$2,200	$2.00	21d	1	1.04mi
105 Walnut Ave Unit 1 Trenton, NJ	2.0	1.0	1200	$2,000	$1.67	21d	1	1.06mi
417 Walnut Ave Trenton, NJ	3.0	1.0	992	$2,050	$2.07	21d	1	1.07mi
311 Calhoun St Trenton, NJ	4.0	1.0	1516	$2,400	$1.58	43d	1	1.10mi
27 Passaic St Trenton, NJ	2.0	1.0	900	$1,700	$1.89	21d	1	1.16mi
307 Spring St Unit 1 Trenton, NJ	2.0	1.0	1677	$2,000	$1.19	21d	1	1.25mi
307 Spring St Unit 3 Trenton, NJ	2.0	1.0	1677	$1,800	$1.07	21d	1	1.25mi
307 Spring St Unit 2 Trenton, NJ	2.0	1.0	1677	$1,750	$1.04	21d	1	1.25mi
311 Spring St Trenton, NJ	3.0	1.0	1200	$2,200	$1.83	13d	1	1.25mi
186 Passaic St Trenton, NJ	3.0	2.0	1064	$2,400	$2.26	4d	1	1.26mi
219 Woodlawn Ave Trenton, NJ	3.0	1.0	1456	$2,355	$1.62	13d	1	1.26mi
239 Ardmore Ave Trenton, NJ	4.0	2.0	1665	$2,750	$1.65	21d	1	1.29mi
720 Monmouth St Unit 204 Trenton, NJ	2.0	1.0	1011	$1,750	$1.73	21d	1	1.33mi
600 Artisan St Unit 126 Trenton, NJ	3.0	2.0	1392	$2,650	$1.90	20d	1	1.35mi
600 Artisan St Trenton, NJ	3.0	2.0	1392	$2,650	$1.90	12d	3	1.35mi
92 Pennwood Dr Ewing, NJ	4.0	3.0	1702	$3,850	$2.26	13d	1	1.41mi
21 Adella Ave Trenton, NJ	3.0	1.0	1280	$2,000	$1.56	13d	1	1.44mi
25 Adella Ave Trenton, NJ	3.0	1.0	1280	$2,050	$1.60	13d	1	1.45mi
635 Chambers St Trenton, NJ	4.0	2.0	1312	$2,500	$1.91	13d	1	1.47mi

Listing history 22 events

1. 2026-06-18
   status $170,000 Pending 30 DOM
2. 2026-06-18
   days on market $170,000 Active 30 DOM
3. 2026-06-17
   days on market $170,000 Active 29 DOM
4. 2026-06-16
   days on market $170,000 Active 28 DOM
5. 2026-06-15
   days on market $170,000 Active 27 DOM
6. 2026-06-14
   days on market $170,000 Active 25 DOM
7. 2026-06-10
   days on market $170,000 Active 22 DOM
8. 2026-06-09
   days on market $170,000 Active 21 DOM
9. 2026-06-08
   days on market $170,000 Active 20 DOM
10. 2026-06-07
    days on market $170,000 Active 19 DOM
11. 2026-06-03
    days on market $170,000 Active 15 DOM
12. 2026-06-02
    days on market $170,000 Active 14 DOM
13. 2026-06-01
    days on market $170,000 Active 13 DOM
14. 2026-05-31
    days on market $170,000 Active 12 DOM
15. 2026-05-30
    days on market $170,000 Active 11 DOM
16. 2026-05-19
    listed $170,000 Active
17. 2024-02-11
    historical
18. 2024-01-24
    listed $160,000 Active
19. 2022-09-27
    status Pending
20. 2022-09-26
    historical
21. 2022-09-10
    listed $159,000 Active
22. 1998-02-04
    soldstatus $46,500

ⓘ 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: $3,304 · $275/mo
• Projected year-2 tax: $3,769 · $314/mo
• Expected delta: +$464/yr (+$39/mo · 14.1%)

ⓘ 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 ≥101°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: $27,907
• − Mortgage interest: −$9,523
• − Property taxes: −$3,304
• − Insurance: −$850
• − Repairs & maintenance: −$2,233
• − Management: −$2,233
• − Depreciation: −$4,945
• Taxable income: $4,820
• Est. tax owed @ 24.0%: −$1,157
• After-tax cash flow: $6,038/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): 22,816
• Household income: $66,875
• Rent vs Own: 42.0% rent · 58.0% own
• Severe rent burden: 1185.0

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 0.68)
• Race & ethnicity: Black 43% White 31% Hispanic / Latino 21% Two or more races 8% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6% Dominican 3%
• Common ancestry: Romanian 4% Hispanic 2% Iranian 1%
• Foreign-born: 24% · Canada, Guatemala, China
• Languages at home: 76% English-only · Spanish 17% Russian/Polish/Slavic 2% 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: ▼ -286.00%
• Current HPI: 334.5143
• Rent YoY: ▲ 3.31%
• 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

+265.6% since first listed

7 events — show timeline

• 2026-05-19 Listed $170,000 BRIGHT MLS
• 2024-02-11 Listing Removed — BRIGHT MLS
• 2024-01-24 Listed $160,000 BRIGHT MLS
• 2022-09-27 Pending — BRIGHT MLS
• 2022-09-26 Listing Removed — BRIGHT MLS
• 2022-09-10 Listed $159,000 BRIGHT MLS
• 1998-02-04 Sold (Public Records) $46,500 Public Records

Property tax history

+0.8%/yr

Latest (2025): $3,304 · +32.2% YoY. Source: county tax records.