Seller's Agent in 2025
Yael Lax Zakut
Compass New Jersey, LLC - Princeton
(609) 933-0880
20 in this area
84 Total Sales
175 Washington Rd Princeton, NJ 08540
--
Bed
--
Bath
6,500
Sq Ft
0.76
Acres
Highlights
- 0.76 Acre Lot
- Central Air
- Heating Available
- Maurice Hawk Elementary School Rated A
About This Home
As of January 2025This prime mixed-use property offers an exceptional investment opportunity in a location that is second to none. Situated on 0.75 acres, this property features a thriving commercial space with a long-term lease and four fully occupied residential apartments, generating a strong and consistent income stream. Located just steps from the train station, this property benefits from unparalleled accessibility, making it highly attractive to both businesses and residents. The four apartments provide ensuring steady cash flow. With all units currently occupied by long-term, reliable tenants, you can start earning from day one. The property also offers ample on-site parking, adding to its appeal. This is not just a solid investment but also a value-add opportunity. With some modern updates and improvements, there is significant potential to increase rental income and enhance the overall value of the property. Given its location, income stability, and growth potential, this property is a rare find that stands out in the market. Don’t miss this one-of-a-kind opportunity to invest in a property with incredible potential in a prime location. The property is being sold strictly as-is, offering the buyer full control over any future renovations or enhancements.
Last Agent to Sell the Property
(609) 933-0880 yael.zakut@compass.com Compass New Jersey, LLC - Princeton License #4364557 Listed on: 10/14/2024
Last Buyer's Agent
(609) 933-9988 yuenlihuang@gmail.com BHHS Fox & Roach - Princeton License #0234160
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,137
Year Built
- Built in 1966
Lot Details
- 0.76 Acre Lot
- Lot Dimensions are 150.00 x 220.00
Home Design
- Quadruplex
- Stone Siding
Interior Spaces
- 6,500 Sq Ft Home
- Partial Basement
Parking
- Private Parking
- Parking Lot
Utilities
- Central Air
- Cooling System Mounted In Outer Wall Opening
- Heating Available
- Natural Gas Water Heater
Community Details
- Income includes shop rentals, apartment rentals
Listing and Financial Details
- The owner pays for water, sewer
- Tax Lot 00027
- Assessor Parcel Number 13-00044-00027
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 14, 2024
Closed on
Jan 10, 2025
Sold by
Marg Properties Llc
Bought by
Prime Enterprise Group Llc
Seller's Agent
Yael Lax Zakut
Compass New Jersey, LLC - Princeton
Buyer's Agent
Yuen Li Huang
BHHS Fox & Roach - Princeton
List Price
$1,200,000
Sold Price
$1,400,000
Premium/Discount to List
$200,000
16.67%
Views
22
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,278
Avg. Annual Appreciation
6.95%
Purchase Details
Listed on
Feb 22, 2016
Closed on
Oct 31, 2016
Sold by
Choi Kim Lee Investment Group Llc
Bought by
Marg Properties Llc
Seller's Agent
Hector Olaya
Coldwell Banker Residential Brokerage-Princeton Jct
Buyer's Agent
Yael Lax Zakut
Compass New Jersey, LLC - Princeton
List Price
$995,000
Sold Price
$825,000
Premium/Discount to List
-$170,000
-17.09%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.65%
Original Mortgage
$618,750
Interest Rate
3.48%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 24, 2007
Sold by
Palumbo D Llc
Bought by
Choi Kim Lee Investment Group
Purchase Details
Closed on
Feb 20, 2002
Sold by
Palumbo Kimberly
Bought by
Palumbo Daniel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
6.91%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,400,000 | Trident Land Transfer | |
| Deed | $1,400,000 | Trident Land Transfer | |
| Deed | $825,000 | Foundation Title Llc | |
| Deed | $800,000 | -- | |
| Deed | $500,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $618,750 | Commercial | |
| Previous Owner | $325,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/17/2025 01/17/25 | Sold | $1,400,000 | +16.7% | $215 / Sq Ft | |
| 10/23/2024 10/23/24 | Pending | -- | -- | -- | |
| 10/14/2024 10/14/24 | For Sale | $1,200,000 | +45.5% | $185 / Sq Ft | |
| 11/01/2016 11/01/16 | Sold | $825,000 | -17.1% | $127 / Sq Ft | View Prior Sale |
| 04/29/2016 04/29/16 | Pending | -- | -- | -- | |
| 02/22/2016 02/22/16 | For Sale | $995,000 | -- | $153 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $22,059 | $719,700 | $257,500 | $462,200 |
| 2024 | $21,138 | $719,700 | $257,500 | $462,200 |
| 2023 | $21,138 | $719,700 | $257,500 | $462,200 |
| 2022 | $20,727 | $719,700 | $257,500 | $462,200 |
| 2021 | $20,555 | $719,700 | $257,500 | $462,200 |
| 2020 | $20,180 | $719,700 | $257,500 | $462,200 |
| 2019 | $19,950 | $719,700 | $257,500 | $462,200 |
| 2018 | $19,763 | $719,700 | $257,500 | $462,200 |
| 2017 | $19,353 | $719,700 | $257,500 | $462,200 |
| 2016 | $18,935 | $719,700 | $257,500 | $462,200 |
| 2015 | $18,496 | $719,700 | $257,500 | $462,200 |
| 2014 | $18,280 | $719,700 | $257,500 | $462,200 |
Source: Public Records
Agents Affiliated with this Home
-
Yael Lax Zakut
-
Yuen Li Huang
Buyer's Agent in 2025
Yuen Li Huang
BHHS Fox & Roach
(609) 933-9988
20 in this area
93 Total Sales
-
Hector Olaya
Seller's Agent in 2016
Hector Olaya
Coldwell Banker Residential Brokerage-Princeton Jct
(609) 575-9597
20 Total Sales
Map
Source: Bright MLS
MLS Number: NJME2047698
APN: 13-00044-0000-00027
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