284 Bellevue Ave · Trenton, NJ 08618

$275,000

6 bd · 1.0 ba · 2,182 sqft · SingleFamily public records · 119 Days on market

Built 1904 2,222 sqft lot

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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 +23.3/30.0
• DSCR +7.5/10.0
• ARV discount +7.5/15.0
• 1% rule +5.7/10.0
• 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

This charming 6 bedroom home on the west side of the city complete with beautiful stained glass windows and a brick fireplace would be great for a first time home buyer or a seasoned investor. A double door entry from the front porch leads into a large living room and formal dining room. There is ample living space throughout the main floor. More recent updates include a newer gas furnace, replacement windows and ceiling fans. This home is being sold strictly as-is. Buyer responsible for any and all conveyance CO and or requirements to obtain it.

Key facts

• Immediate cash flow
• Tenant occupied
• Full basement

Tags

• FULL BASEMENT
• TENANT OCCUPIED
• IMMEDIATE CASH FLOW
• CONVENIENTLY LOCATED

Property features AI

Finance

• Financial info: Assessed improvement and land values available; Property assessed by tax records (tax year 2025)

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas service
• Home design: Semi-detached property; Fee simple ownership
• Construction: Built year per assessor; Foundation listed as other; Above- and below-grade structures noted
• Exterior features: Lot dimensions approximately 18.5 x 120 feet; No tidal water

Interior

• Bedrooms: Four bedrooms on the first upper level; Two bedrooms on the second upper level
• Bathrooms: One full bathroom (all upper levels total)
• Heating & cooling: Radiator heating; Natural gas heating and hot water
• Interior features: Full basement

What this means for you Summary

Snapshot

• This is a 6-bed/1.0-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $504 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $275k).
• Recommended offer: $250k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.5% 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 (+2.6%/yr); 144 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 2,256 units permitted in Mercer County in 2024 (1,303 in 5+ unit buildings).
• At $2,939/mo this rent would consume 70% 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 $8k 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 119 days — a 9% lower offer ($250k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 12y 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 $61k; list at $275k implies a 351% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1904 — 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 $250,250 (9.0% below list)

Questions for the listing agent

1. It's been on market 119 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1904 — 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: 8.49%
• Cash-on-cash: 7.86%
• DSCR: 1.35
• GRM: 7.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.6% rent growth · sell at horizon

5-year hold

• IRR: -4.8%
• Equity multiple: 0.82×
• Total profit: $-13,623
• Equity at exit: $41,003

10-year hold

• IRR: 4.5%
• Equity multiple: 1.32×
• Total profit: $24,679
• Equity at exit: $23,777

Cash invested: $77,000 (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: 144
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,939 medium
• Mortgage (P&I): −$1,442
• Tax from tax record: −$261 /mo · $3,128/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$617
• Net cashflow: $504

Break-even live

Break-even rent $2,300

Max offer price $275,000

Occupancy floor 78%

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: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
223 Spring St Trenton, NJ	6.0	2.0	1490	$2,700	$1.81	4d	1	0.15mi
649 W State St Trenton, NJ	5.0	2.0	1870	$2,900	$1.55	13d	1	0.62mi
927 Carteret Ave Trenton, NJ	5.0	1.5	2275	$2,500	$1.10	20d	1	0.94mi
1442 W State St Trenton, NJ	5.0	2.5	1956	$3,000	$1.53	13d	1	1.43mi

Listing history 28 events

1. 2026-06-18
   days on market $275,000 Active 119 DOM
2. 2026-06-17
   days on market $275,000 Active 118 DOM
3. 2026-06-16
   days on market $275,000 Active 117 DOM
4. 2026-06-15
   days on market $275,000 Active 116 DOM
5. 2026-06-14
   days on market $275,000 Active 114 DOM
6. 2026-06-10
   days on market $275,000 Active 111 DOM
7. 2026-06-09
   days on market $275,000 Active 110 DOM
8. 2026-06-08
   days on market $275,000 Active 109 DOM
9. 2026-06-07
   days on market $275,000 Active 108 DOM
10. 2026-06-03
    days on market $275,000 Active 104 DOM
11. 2026-06-02
    days on market $275,000 Active 103 DOM
12. 2026-06-01
    days on market $275,000 Active 102 DOM
13. 2026-05-31
    days on market $275,000 Active 101 DOM
14. 2026-05-30
    days on market $275,000 Active 100 DOM
15. 2026-02-19
    listed $275,000 Active
16. 2021-01-11
    soldstatus $61,000
17. 2020-12-23
    soldstatus $61,000
18. 2017-11-14
    soldstatus $30,000 Sold 553-char remark

    Show marketing remark (552 chars)

    This charming 6 bedroom home on the west side of the city complete with beautiful stained glass windows and a brick fireplace would be great for a first time home buyer or a seasoned investor. A double door entry from the front porch leads into a large living room and formal dining room. There is ample living space throughout the main floor. More recent updates include a newer gas furnace, replacement windows and ceiling fans. This home is being sold strictly as-is. Buyer responsible for any and all conveyance CO and or requirements to obtain it.

19. 2017-11-14
    soldstatus $30,000 Closed 552-char remark

    Show marketing remark (552 chars)

    This charming 6 bedroom home on the west side of the city complete with beautiful stained glass windows and a brick fireplace would be great for a first time home buyer or a seasoned investor. A double door entry from the front porch leads into a large living room and formal dining room. There is ample living space throughout the main floor. More recent updates include a newer gas furnace, replacement windows and ceiling fans. This home is being sold strictly as-is. Buyer responsible for any and all conveyance CO and or requirements to obtain it.

20. 2017-10-17
    status Under Contract 553-char remark

    Show marketing remark (553 chars)

    This charming 6 bedroom home on the west side of the city complete with beautiful stained glass windows and a brick fireplace would be great for a first time home buyer or a seasoned investor. A double door entry from the front porch leads into a large living room and formal dining room. There is ample living space throughout the main floor. More recent updates include a newer gas furnace, replacement windows and ceiling fans. This home is being sold strictly as-is. Buyer responsible for any and all conveyance CO and or requirements to obtain it.

21. 2017-07-31
    historical 553-char remark

    Show marketing remark (553 chars)

    This charming 6 bedroom home on the west side of the city complete with beautiful stained glass windows and a brick fireplace would be great for a first time home buyer or a seasoned investor. A double door entry from the front porch leads into a large living room and formal dining room. There is ample living space throughout the main floor. More recent updates include a newer gas furnace, replacement windows and ceiling fans. This home is being sold strictly as-is. Buyer responsible for any and all conveyance CO and or requirements to obtain it.

22. 2017-02-23
    listed $39,900 Active 553-char remark

    Show marketing remark (553 chars)

    This charming 6 bedroom home on the west side of the city complete with beautiful stained glass windows and a brick fireplace would be great for a first time home buyer or a seasoned investor. A double door entry from the front porch leads into a large living room and formal dining room. There is ample living space throughout the main floor. More recent updates include a newer gas furnace, replacement windows and ceiling fans. This home is being sold strictly as-is. Buyer responsible for any and all conveyance CO and or requirements to obtain it.

23. 2017-02-09
    historical
24. 2016-02-10
    listed $37,500
25. 2015-12-21
    historical
26. 2015-09-21
    listed $49,000
27. 2015-08-29
    historical
28. 2014-11-29
    listed $54,000

ⓘ 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: $3,128 · $261/mo
• Projected year-2 tax: $4,988 · $416/mo
• Expected delta: +$1,860/yr (+$155/mo · 59.5%)

ⓘ 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: $35,267
• − Mortgage interest: −$15,404
• − Property taxes: −$3,128
• − Insurance: −$1,375
• − Repairs & maintenance: −$2,821
• − Management: −$2,821
• − Depreciation: −$8,000
• Taxable income: $1,717
• Est. tax owed @ 24.0%: −$412
• After-tax cash flow: $5,640/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

+409.3% since first listed

14 events — show timeline

• 2026-02-19 Listed $275,000 BRIGHT MLS
• 2021-01-11 Sold (Public Records) $61,000 Public Records
• 2020-12-23 Sold (Public Records) $61,000 Public Records
• 2017-11-14 Sold (MLS) $30,000 BRIGHT MLS
• 2017-11-14 Sold (MLS) $30,000 TREND
• 2017-10-17 Pending — TREND
• 2017-07-31 Delisted — TREND
• 2017-02-23 Listed $39,900 TREND
• 2017-02-09 Listing Removed — BRIGHT MLS
• 2016-02-10 Listed $37,500 BRIGHT MLS
• 2015-12-21 Listing Removed — BRIGHT MLS
• 2015-09-21 Listed $49,000 BRIGHT MLS
• 2015-08-29 Listing Removed — BRIGHT MLS
• 2014-11-29 Listed $54,000 BRIGHT MLS

Property tax history

+4.7%/yr

Latest (2025): $3,128 · +1.5% YoY. Source: county tax records.