$530,000
SOLD APR 29, 2025

307 Hamilton Ave Trenton, NJ 08609

Chambersburg Neighborhood
-- Bed
-- Bath
5,326 Sq Ft
8,250 Sq Ft Lot

Recently Sold

$100 Per Sq Ft

4% Below List Price

22 Days on Market

Highlights

  • 0.19 Acre Lot
  • Heating Available
  • 3-minute walk to Columbus Park

About This Home

As of April 2025

Exceptional 6-Unit Investment Property Fully Rented with Strong Cash Flow!Investor’s dream! This fully occupied 6-unit multifamily property is a prime income-generating asset, bringing in an impressive $67,680 in annual rental income. With a cap rate of 8.6%, this property delivers strong returns in todays market.Each unit features separate utilities, ensuring low owner expenses and maximum profitability. Tenants are responsible for their own heating, electricity, keeping operating costs efficient.Additional highlights include:* Off-street parking for 12 vehicles a rare and valuable feature!* Strong rental history consistent occupancy with reliable tenants.* Turnkey investment income-producing from day one.Whether you are a seasoned investor looking to expand your portfolio or a new buyer seeking a high-yield opportunity, this property is a must-see.

Last Agent to Sell the Property

Dewey Nami

Smires & Associates Listed on: 01/30/2025

Smires & Associates

Last Buyer's Agent

Nathaniel Parker

RE/MAX of Princeton

RE/MAX of Princeton

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,570

Year Built

  • Built in 1899

Lot Details

  • 8,250 Sq Ft Lot
  • Lot Dimensions are 50.00 x 165.00

Home Design

  • Brick Foundation
  • Frame Construction

Interior Spaces

  • 5,326 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 12 Parking Spaces
  • 12 Driveway Spaces
  • On-Street Parking
  • Parking Lot

Utilities

  • Window Unit Cooling System
  • Heating Available
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for insurance, water, real estate taxes, repairs, sewer
  • Tax Lot 00035
  • Assessor Parcel Number 11-15401-00035

Community Details

Overview

  • 4 Units
  • 3-Story Building
  • Chambersburg Subdivision

Building Details

  • Income includes apartment rentals
  • Insurance Expense $4,100
  • Maintenance Expense $2,000
  • Other Expense $1,000
  • Operating Expense $20,420
  • Gross Income $67,680
  • Net Operating Income $47,260

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,570

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 1000.00
  • Year Built: 1899
  • Automatically Close On Close Date: No
  • Remarks Public: Exceptional 6-Unit Investment Property Fully Rented with Strong Cash Flow! Investor’s dream! This fully occupied 6-unit multifamily property is a prime income-generating asset, bringing in an impressive $67,680 in annual rental income. With a cap rate of 8.6%, this property delivers strong returns in todays market. Each unit features separate utilities, ensuring low owner expenses and maximum profitability. Tenants are responsible for their own heating, electricity, keeping operating costs efficient. Additional highlights include: * Off-street parking for 12 vehicles a rare and valuable feature! * Strong rental history consistent occupancy with reliable tenants. * Turnkey investment income-producing from day one. Whether you are a seasoned investor looking to expand your portfolio or a new buyer seeking a high-yield opportunity, this property is a must-see.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 5326
  • Living Area Sq Ft: 5326
  • Price Per Sq Ft: 103.17
  • Above Grade Finished Sq Ft: 5326
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 307

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
  • Total Garage And Parking Spaces: 12
  • Type Of Parking: Driveway, On Street, Parking Lot
  • Number of Spaces in Driveway: 12

Utilities

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

Schools

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

Lot Info

  • Lot Size Acres: 0.19
  • Lot Dimensions: 50.00 x 165.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8250.00
  • Year Assessed: 2024
  • Zoning: HIST

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Insurance, Water, Taxes - Real Estate, Repairs, Sewer
  • Rent Control: No
  • Total Actual Rent: 67680.00
  • Units Leased Count: 6
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 12570.00
  • Assessor Parcel Number: 11-15401-00035
  • Tax Lot: 00035
  • Tax Total Finished Sq Ft: 5326
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 04/29/2025

Multi Family

  • Gross Income: 67680.00
  • Gross Scheduled Income: 67680.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 20420.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

MLS Schools

  • School District Name: TRENTON PUBLIC SCHOOLS

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2025 04/29/25 Sold $530,000 -3.5% $100 / Sq Ft
02/21/2025 02/21/25 Pending -- -- --
02/19/2025 02/19/25 Off Market $549,500 -- --
01/30/2025 01/30/25 For Sale $549,500 +138.9% $103 / Sq Ft
08/12/2019 08/12/19 Sold $230,000 -23.1% $43 / Sq Ft
07/16/2019 07/16/19 Pending -- -- --
10/01/2018 10/01/18 For Sale $299,000 -- $56 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dewey Nami

    Seller's Agent in 2025

    Dewey Nami

    Smires & Associates

    (609) 977-4213

    1 in this area

    74 Total Sales

    Dewey Nami
    Section Image

  • N

    Buyer's Agent in 2025

    Nathaniel Parker

    RE/MAX

    (609) 921-4511

    2 in this area

    35 Total Sales

    Nathaniel Parker
    Section Image
  • Tony Lee

    Seller's Agent in 2019

    Tony Lee

    Home Journey Realty

    (609) 456-8360

    4 in this area

    345 Total Sales

    Tony Lee
    Section Image
  • Debbie Laypo

    Buyer's Agent in 2019

    Debbie Laypo

    RE/MAX

    (215) 450-0435

    1 in this area

    55 Total Sales

    Debbie Laypo
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: NJME2053988

Bright MLS
New Jersey Mercer County Trenton 08609 Chambersburg

307 Hamilton Ave, Trenton, NJ

This home is located at 307 Hamilton Ave, Trenton, NJ 08609 and is currently priced at $530,000, approximately $99 per square foot. This property was built in 1899. 307 Hamilton Ave is a home located in Mercer County with nearby schools including Robbins Elementary School, Trenton Central High School - Main Campus, and Achievers Early College Prep Charter School.

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