$350,000

Estimated payment $2,456/month

Total Views 17,033
-- Bed
-- Bath
3,312 Sq Ft
$106 Price per Sq Ft

Highlights

  • Forced Air Heating System
  • Dwelling with Rental
  • 3-minute walk to Columbus Park

About This Home

Prime Investment or Live/Work Opportunity in Trenton!

Welcome to 122 Butler St, a versatile mixed‐use gem brimming with potential. The street‐level commercial space—ideal for retail, office, or food service—boasts high visibility and strong foot traffic. Tucked behind the storefront is a spacious residential unit, perfect for owner-occupancy or rental income. A separate entrance to this unit via a deeded easement ensures full privacy—no need to walk through the storefront.

But that’s not all: the first floor can be easily converted into two separate residential units, creating a true triplex when combined with the upstairs unit. That’s three income streams under one roof.

Why 122 Butler St stands out:
- Flexible commercial frontage tuned for business success
- Private residential access via recorded easement
- Conversion-ready layout for a triplex—maximized rental return
- Ideal for investors or live/work entrepreneurs—a turnkey cash-flow property with owner-occupant possibilities

Whether you're an experienced investor hunting steady income, or an entrepreneur seeking a live/work setup, this property delivers both versatility and upside. Don’t miss your chance to own a high-value, multi-purpose asset in Trenton’s growth corridor.

Listing Agent

John Terebey

BHHS Fox & Roach - Princeton Listed on: 03/17/2025

BHHS Fox & Roach - Princeton

Co-Listing Agent

Ted Fragulis

BHHS Fox & Roach - Princeton License #2439251

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,618

Year Built

  • Built in 1950

Lot Details

  • 1,750 Sq Ft Lot
  • Lot Dimensions are 17.50 x 100.00

Parking

  • On-Street Parking

Home Design

  • 3,312 Sq Ft Home
  • Triplex
  • Dwelling with Rental
  • Block Foundation
  • Frame Construction

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Forced Air Heating System
  • Natural Gas Water Heater

Community Details

  • 3 Units
  • 3 Vacant Units

Listing and Financial Details

  • Tax Lot 00011
  • Assessor Parcel Number 11-15402-00011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,618

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Dwelling With Rental
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1950
  • Remarks Public: Prime Investment or Live/Work Opportunity in Trenton! Welcome to 122 Butler St, a versatile mixed‑use gem brimming with potential. The street‑level commercial space—ideal for retail, office, or food service—boasts high visibility and strong foot traffic. Tucked behind the storefront is a spacious residential unit, perfect for owner-occupancy or rental income. A separate entrance to this unit via a deeded easement ensures full privacy—no need to walk through the storefront. But that’s not all: the first floor can be easily converted into two separate residential units, creating a true triplex when combined with the upstairs unit. That’s three income streams under one roof. Why 122 Butler St stands out: - Flexible commercial frontage tuned for business success - Private residential access via recorded easement - Conversion-ready layout for a triplex—maximized rental return - Ideal for investors or live/work entrepreneurs—a turnkey cash-flow property with owner-occupant possibilities Whether you're an experienced investor hunting steady income, or an entrepreneur seeking a live/work setup, this property delivers both versatility and upside. Don’t miss your chance to own a high-value, multi-purpose asset in Trenton’s growth corridor.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Total Sq Ft: 3312
  • Living Area Sq Ft: 3312
  • Price Per Sq Ft: 105.68
  • Above Grade Finished Sq Ft: 3312
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 122

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s), Wall Unit
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: TRENTON PUBLIC SCHOOLS
  • School District Key: 300200396606
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.04
  • Lot Dimensions: 17.50 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1750.00
  • Year Assessed: 2024
  • Zoning: COMMERCIAL

Rental Info

  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 3

Tax Info

  • Tax Annual Amount: 6618.00
  • Assessor Parcel Number: 11-15402-00011
  • Tax Lot: 00011
  • Tax Total Finished Sq Ft: 3312
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: TRENTON PUBLIC SCHOOLS

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2025 $6,619 $114,100 $28,300 $85,800
2024 $6,352 $114,100 $28,300 $85,800
2023 $6,352 $114,100 $28,300 $85,800
2022 $6,228 $114,100 $28,300 $85,800
2021 $7,363 $132,600 $28,300 $104,300
2020 $7,339 $132,600 $28,300 $104,300
2019 $7,221 $132,600 $28,300 $104,300
2018 $7,512 $144,100 $30,800 $113,300
2017 $7,140 $144,100 $30,800 $113,300
2016 $4,223 $73,400 $18,200 $55,200
2015 $4,208 $73,400 $18,200 $55,200
2014 $4,188 $73,400 $18,200 $55,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2025 05/19/25 Price Changed $350,000 -9.6% $106 / Sq Ft
03/28/2025 03/28/25 Price Changed $387,000 -7.9% $117 / Sq Ft
03/17/2025 03/17/25 For Sale $420,000 -- $127 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $150,000 Micasa Title
Warranty Deed $150,000 Micasa Title
Deed $50,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $105,000 New Conventional
Closed $105,000 New Conventional
Previous Owner $47,500 Commercial
Source: Public Records

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Source: Bright MLS

MLS Number: NJME2055972

Bright MLS

APN: 11-15402-0000-00011