1401 Princeton Ave Ewing, NJ 08638
Prospect NeighborhoodEstimated payment $2,015/month
Total Views
36,754
6
Beds
3
Baths
2,093
Sq Ft
$143
Price per Sq Ft
Highlights
- Colonial Architecture
- No HOA
- Porch
- Attic
- 1 Car Detached Garage
- Eat-In Kitchen
About This Home
Presenting a rare and versatile investment property in the heart of Ewing Township, this spacious 6-bedroom, 3-bathroom home offers an exceptional opportunity for investors seeking strong cash flow and long-term tenants. With three separate rental areas, the property is currently generating $3,300/month ($39,600/year) in rental income. All tenants are on month-to-month leases, providing immediate returns with future flexibility.
Set on a generous lot with approximately 2,749 sq ft of living space, the home can be used as a single family, commercial, or mixed use due to the type of zoning and its unique location. This property features a detached garage, fenced backyard, and is zoned residential with low annual taxes of just $4,247. Its location is ideal — just minutes from The College of New Jersey (TCNJ), major highways, public transportation, and local shopping.
With only cosmetic updates needed, this property offers excellent potential for increased value, making it a strong opportunity for anyone looking to build equity.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $4,247
Year Built
- Built in 1962
Lot Details
- 2,614 Sq Ft Lot
- Lot Dimensions are 22.00 x 125.00
Parking
- 1 Car Detached Garage
- Parking Storage or Cabinetry
- Front Facing Garage
- Side Facing Garage
- On-Street Parking
Home Design
- Semi-Detached or Twin Home
- Colonial Architecture
- Frame Construction
- Concrete Perimeter Foundation
Interior Spaces
- 2,093 Sq Ft Home
- Property has 2 Levels
- Family Room
- Living Room
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Eat-In Kitchen
- Laundry on main level
- Attic
Bedrooms and Bathrooms
- En-Suite Primary Bedroom
Utilities
- Wall Furnace
- 100 Amp Service
- Natural Gas Water Heater
Additional Features
- More Than Two Accessible Exits
- Porch
Community Details
- No Home Owners Association
- Ewingsville Subdivision
Listing and Financial Details
- Tax Lot 00028
- Assessor Parcel Number 02-00016-00028
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 | $3,993 | $108,000 | $15,200 | $92,800 |
| 2023 | $3,993 | $108,000 | $15,200 | $92,800 |
| 2022 | $3,885 | $108,000 | $15,200 | $92,800 |
| 2021 | $3,790 | $108,000 | $15,200 | $92,800 |
| 2020 | $3,736 | $108,000 | $15,200 | $92,800 |
| 2019 | $3,639 | $108,000 | $15,200 | $92,800 |
| 2018 | $3,539 | $67,000 | $9,900 | $57,100 |
| 2017 | $3,621 | $67,000 | $9,900 | $57,100 |
| 2016 | $3,572 | $67,000 | $9,900 | $57,100 |
| 2015 | $3,525 | $67,000 | $9,900 | $57,100 |
| 2014 | $3,515 | $67,000 | $9,900 | $57,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/18/2025 07/18/25 | For Sale | $299,998 | 0.0% | $143 / Sq Ft |
| 07/02/2025 07/02/25 | For Sale | $299,900 | -- | $143 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $137,000 | -- | |
| Deed | $95,400 | -- | |
| Deed | $39,888 | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $51,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $109,600 | No Value Available | |
| Previous Owner | $95,400 | No Value Available | |
| Previous Owner | $38,000 | No Value Available |
Source: Public Records
Similar Homes in the area
Source: Bright MLS
MLS Number: NJME2061184
APN: 02-00016-0000-00028
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