1116 W State St Trenton, NJ 08618
Berkeley Square & Parkside NeighborhoodEstimated payment $3,256/month
Total Views
189
--
Bed
--
Bath
2,278
Sq Ft
3,955
Sq Ft Lot
Highlights
- Colonial Architecture
- Wood Frame Window
- Eat-In Kitchen
- Wood Flooring
- Porch
- Bay Window
About This Home
Immediate investment opportunity for a highly-profitable, income producing, multi-family residential property in the historic capital city of Trenton. This three-apartment home is conveniently located close to an exit off of Route 29, shopping plazas, and the Delaware River. Tenants enjoy access to beautiful parks and tennis courts within a 5-minute walk, along with a common back yard. Each apartment conveniently has separate meters for utilities, and tenants have been responsible to pay their own heating, gas and electric utility bills. The ground-floor apartment has two bedrooms, each with an individual full bathroom, along with a Living room and dine-in kitchen. The second floor apartment offers two-bedrooms, each with an individual full bathroom, in addition to living room and dine-in kitchen. On the top floor is the third apartment, featuring one bedroom, one bathroom, and a dine-in kitchen area. The conservative rent potential for this multi-family property is $4,600 a month ($1,705for first-floor and $1,700 second-floor unit, and probable $1200 for the top-floor which is empty. Due to local housing needs and recent economic events, higher rents may be possible.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,016
Year Built
- Built in 1912 | Remodeled in 2022
Lot Details
- 3,955 Sq Ft Lot
- Property is in excellent condition
Parking
- On-Street Parking
Home Design
- Triplex
- Colonial Architecture
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- Bathtub with Shower
- 2,278 Sq Ft Home
- Built-In Features
- Crown Molding
- Ceiling height of 9 feet or more
- Bay Window
- Wood Frame Window
- Combination Kitchen and Dining Room
- Wood Flooring
- Basement Fills Entire Space Under The House
Kitchen
- Eat-In Kitchen
- Self-Cleaning Oven
- ENERGY STAR Qualified Refrigerator
Home Security
- Exterior Cameras
- Motion Detectors
- Carbon Monoxide Detectors
Outdoor Features
- Porch
Utilities
- Cooling System Mounted In Outer Wall Opening
- Hot Water Baseboard Heater
- 100 Amp Service
- Natural Gas Water Heater
Listing and Financial Details
- Coming Soon on 9/1/25
- Tax Lot 00007
- Assessor Parcel Number 11-32403-00007
Community Details
Overview
- 3 Units
- 3-Story Building
- Cadwalader Heights Subdivision
Building Details
- 1 Vacant Unit
- Rent Control
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,291 | $113,000 | $10,800 | $102,200 |
| 2023 | $6,291 | $113,000 | $10,800 | $102,200 |
| 2022 | $6,168 | $113,000 | $10,800 | $102,200 |
| 2021 | $6,275 | $113,000 | $10,800 | $102,200 |
| 2020 | $6,255 | $113,000 | $10,800 | $102,200 |
| 2019 | $6,154 | $113,000 | $10,800 | $102,200 |
| 2018 | $5,891 | $113,000 | $10,800 | $102,200 |
| 2017 | $5,599 | $113,000 | $10,800 | $102,200 |
| 2016 | $4,763 | $82,800 | $10,800 | $72,000 |
| 2015 | $4,747 | $82,800 | $10,800 | $72,000 |
| 2014 | $4,725 | $82,800 | $10,800 | $72,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/30/2023 04/30/23 | Rented | $1,600 | 0.0% | -- |
| 04/01/2023 04/01/23 | Price Changed | $1,600 | 0.0% | $1 / Sq Ft |
| 04/01/2023 04/01/23 | For Rent | $1,600 | -5.9% | -- |
| 03/23/2023 03/23/23 | Off Market | $1,700 | -- | -- |
| 01/29/2023 01/29/23 | For Rent | $1,700 | 0.0% | -- |
| 05/20/2022 05/20/22 | Sold | $235,000 | -12.9% | $103 / Sq Ft |
| 05/14/2022 05/14/22 | Pending | -- | -- | -- |
| 05/14/2022 05/14/22 | For Sale | $269,900 | +14.9% | $118 / Sq Ft |
| 05/07/2022 05/07/22 | Sold | $235,000 | -12.9% | $103 / Sq Ft |
| 04/23/2022 04/23/22 | Pending | -- | -- | -- |
| 04/23/2022 04/23/22 | For Sale | $269,900 | 0.0% | $118 / Sq Ft |
| 03/22/2022 03/22/22 | Pending | -- | -- | -- |
| 03/15/2022 03/15/22 | For Sale | $269,900 | +14.9% | $118 / Sq Ft |
| 02/23/2022 02/23/22 | Off Market | $235,000 | -- | -- |
| 02/23/2022 02/23/22 | For Sale | $269,900 | -- | $118 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $235,000 | None Listed On Document | |
| Deed | $52,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $220,924 | FHA | |
| Closed | $10,000 | No Value Available |
Source: Public Records
Similar Homes in the area
Source: Bright MLS
MLS Number: NJME2064034
APN: 11-32403-0000-00007
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