NOT LISTED FOR SALE
Studio
-- Bath
5,326 Sq Ft
8,250 Sq Ft Lot

Sale Details

Date Sold: April 29, 2025

Last sale price $530,000 $100 Per Sq Ft

22 Days on Market

Highlights

  • 0.19 Acre Lot
  • Heating System Uses Natural Gas
  • 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

(609) 259-1414 deweynami@yahoo.com Smires & Associates Listed on: 01/30/2025

Smires & Associates

Last Buyer's Agent

Nathaniel Parker

(609) 921-9202 yakenya@goselectgroup.com RE/MAX Select - Princeton

RE/MAX Select - Princeton
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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 System Uses Natural Gas
  • 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

8,250 Sq Ft Lot

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
  • 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

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 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
  • 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
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
07/16/2019 07/16/19 Pending -- -- --
10/01/2018 10/01/18 For Sale $299,000 -- $56 / Sq Ft
Source: Bright MLS

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Map

Source: Bright MLS

MLS Number: NJME2053988

Bright MLS
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