314 W State St Trenton, NJ 08618
Downtown Trenton NeighborhoodEstimated payment $3,024/month
Total Views
4,427
--
Bed
--
Bath
3,132
Sq Ft
$144
Price per Sq Ft
Highlights
- Backs to Trees or Woods
- Historic Home
- Radiator
- No HOA
About This Home
RENOVATED TRIPLEX IN TRENTON'S HISTORIC DISTRICT: Opportunity awaits with this well-maintained, fully occupied three-family property located in Trenton’s sought-after Historic District. This renovated building is nestled between a professional architectural firm and a doctor’s office, offering both charm and strategic placement. The building’s front exterior has been updated with durable and attractive Hardie Board siding for easy maintenance.
Each unit features its own private balcony, enhancing the appeal for residents. The layout includes two 2-bedroom units and one 3-bedroom unit. Tenants are separately metered and responsible for their own electricity and gas. The owner currently covers water and common area utilities. All three units are tenant occupied, providing immediate rental income for investors or a potential live-in owner.
The location offers unbeatable accessibility—just one minute from major highways (Route 29, I-95, and I-295), and close to the Trenton Transit Center with direct routes to Philadelphia and New York City. The property is within walking distance to downtown Trenton, municipal offices, the State Capitol, Thomas Edison State University, the New Jersey State Museum, and the planetarium. It also sits directly across from the historic Thomas Edison mansion.
This is a rare chance to own a piece of Trenton history with steady income and strong future potential. The property is being sold as-is. The buyer will be responsible for obtaining the Certificate of Occupancy and resolving any open violations or municipal requirements, if applicable.
Don’t miss this excellent rental investment in a high-demand location!
Listing Agent
Keller Williams Real Estate - Princeton License #1648710 Listed on: 05/25/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,914
Year Built
- Built in 1887
Lot Details
- 2,375 Sq Ft Lot
- Lot Dimensions are 25.00 x 95.00
- Backs to Trees or Woods
- Historic Home
Parking
- On-Street Parking
Home Design
- Triplex
- Frame Construction
- Concrete Perimeter Foundation
Interior Spaces
- 3,132 Sq Ft Home
- Basement
- Dirt Floor
Utilities
- Cooling System Utilizes Natural Gas
- Window Unit Cooling System
- Radiator
- Heating System Uses Oil
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 00009
- Assessor Parcel Number 11-02304-00009
Community Details
Overview
- No Home Owners Association
- 3 Units
Pet Policy
- No Pets Allowed
Building Details
- Net Operating Income $29,067
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 |
|---|---|---|---|---|
| 2025 | $6,915 | $119,200 | $5,600 | $113,600 |
| 2024 | $6,636 | $119,200 | $5,600 | $113,600 |
| 2023 | $6,636 | $119,200 | $5,600 | $113,600 |
| 2022 | $6,506 | $119,200 | $5,600 | $113,600 |
| 2021 | $6,619 | $119,200 | $5,600 | $113,600 |
| 2020 | $6,598 | $119,200 | $5,600 | $113,600 |
| 2019 | $6,492 | $119,200 | $5,600 | $113,600 |
| 2018 | $6,214 | $119,200 | $5,600 | $113,600 |
| 2017 | $5,906 | $119,200 | $5,600 | $113,600 |
| 2016 | $5,977 | $103,900 | $17,500 | $86,400 |
| 2015 | $5,957 | $103,900 | $17,500 | $86,400 |
| 2014 | $5,929 | $103,900 | $17,500 | $86,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/02/2025 07/02/25 | Pending | -- | -- | -- |
| 05/25/2025 05/25/25 | For Sale | $450,000 | +125.0% | $144 / Sq Ft |
| 10/05/2020 10/05/20 | Sold | $200,000 | -4.3% | $64 / Sq Ft |
| 07/08/2020 07/08/20 | Pending | -- | -- | -- |
| 05/18/2020 05/18/20 | For Sale | $209,000 | -- | $67 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Listed On Document | |
| Deed | $200,000 | Title Agency | |
| Deed | $200,000 | North East Title Agency Llc | |
| Deed | $103,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $150,000 | New Conventional | |
| Previous Owner | $150,000 | New Conventional | |
| Previous Owner | $97,850 | No Value Available |
Source: Public Records
Similar Homes in Trenton, NJ
Source: Bright MLS
MLS Number: NJME2059594
APN: 11-02304-0000-00009
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