$649,999

399 W State St Trenton, NJ 08618

Downtown Trenton Neighborhood

Estimated payment $4,327/month

Total Views 6,686
-- Bed
-- Bath
4,500 Sq Ft
$144 Price per Sq Ft

Highlights

  • 0.5 Acre Lot
  • Tudor Architecture
  • Atrium Doors
  • Wood Flooring
  • No HOA
  • Ceiling height of 9 feet or more

About This Home

Renovated 5 unit building in a great location. All the units are well sized and the property has it's own private parking lot. Potential to make upgrades and increase rental rates or re-lease apartments to new tenants if the owner chooses to do so. This building rarely has an empty unit. If you are looking for a property that is a reliable income producer, look no further.

Listing Agent

Dennis Massimo

(609) 759-1125 justin@tprebrokers.com Turning Point Real Estate License #0572646 Listed on: 08/17/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,027

Year Built

  • Built in 1940 | Remodeled in 2017

Lot Details

  • 0.5 Acre Lot
  • Property is in good condition

Parking

  • Driveway

Home Design

  • Tudor Architecture
  • Stone Foundation
  • Frame Construction
  • Slate Roof

Interior Spaces

  • 4,500 Sq Ft Home
  • Ceiling height of 9 feet or more
  • Atrium Doors
  • Insulated Doors
  • Six Panel Doors
  • Unfinished Basement

Kitchen

  • Electric Oven or Range
  • Range Hood

Flooring

  • Wood
  • Carpet

Schools

  • Trenton Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • 120/240V
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 00001 01
  • Assessor Parcel Number 11-02902-00001 01

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Pet Policy

  • No Pets Allowed

Building Details

  • Income includes apartment rentals
  • Gross Income $72,000
  • Net Operating Income $60,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,027

Year Built

Built in 1940 | Remodeled in 2017

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Tudor
  • Habitable Residence: No
  • Ownership: Fee Simple
  • Exclusions: Tenants Belongings
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1940
  • Year Renovated: 2017
  • Building Winterized: No
  • Buildout Allowance: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range Hood, Refrigerator, Oven/Range - Electric
  • Flooring Type: Carpet, Hardwood
  • Fireplace: No
  • Door Features: Atrium, Six Panel, Insulated
  • Wall Ceiling Types: 9'+ Ceilings
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 4500
  • Living Area Sq Ft: 4500
  • Price Per Sq Ft: 144.44
  • Above Grade Finished Sq Ft: 4500
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Frame
  • Access To Pool: No
  • Pool Private: No
  • Roof: Slate
  • Spa: No
  • View: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No
  • Fencing: No

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Open Parking: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s), Central A/C
  • Cooling: No
  • Electricity On Property: No
  • Previous Twelve Months Electric Expense: 1200.00
  • Electric Service: 120/240V
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Previous Twelve Months: 1200.00
  • Water Source: Public
  • Municipal Trash: No
  • Internet Services: Cable, Fiber Optic

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • High School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: TRENTON CENTRAL H.S.

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Crops Included: No
  • Farm Credit Service Incl: No
  • Irrigation Water Rights: No
  • Land Lease: No
  • Lot Size Acres: 0.50
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 21780.00
  • Property Attached Yn: No
  • Property Condition: Good
  • Zoning: COMMERCIAL
  • Farmland Preservation: No

Green Features

  • Green Verification: No

Rental Info

  • Existing Lease Type: Net
  • Ground Rent Exists: No
  • Ground Rent Pymnt Freq: Annually
  • Lease Considered: No
  • Lease In Effect: No
  • Owner Pays: None
  • Pets Allowed: No
  • Rent Control: No
  • Smoking Allowed Yn: No
  • Total Actual Rent: 72000.00
  • Units Leased Count: 5
  • Vacation Rental: No
  • Property Manager: No
  • Rent Spree Online Application: No

Multi Family

  • Gross Income: 72000.00
  • Gross Scheduled Income: 72000.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Annual Amount: 11027.00
  • Assessor Parcel Number: 11-02902-00001 01
  • Tax Lot: 00001 01
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024
  • Tax Opportunity Zone: No

MLS Schools

  • School District Name: TRENTON PUBLIC SCHOOLS

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $11,028 $190,100 $80,800 $109,300
2024 $10,583 $190,100 $80,800 $109,300
2023 $10,583 $190,100 $80,800 $109,300
2022 $9,710 $177,900 $0 $0
2021 $9,879 $177,900 $0 $0
2020 $9,847 $177,900 $0 $0
2019 $9,688 $184,000 $80,800 $103,200
2018 $9,274 $309,200 $80,800 $228,400
2017 $8,815 $177,900 $80,800 $97,100
2016 $7,128 $123,900 $92,900 $31,000
2015 $8,943 $156,000 $92,900 $63,100
2014 $8,901 $156,000 $92,900 $63,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2025 08/17/25 For Sale $649,999 -- $144 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Agent For First Amer Title I
Deed $100,000 Capital Title Agency Inc
Source: Public Records

Source: Bright MLS

MLS Number: NJME2063784

Bright MLS

APN: 11-02902-0000-00001-01

New Jersey Mercer County Trenton 08618 Downtown Trenton

399 W State St, Trenton, NJ

For Sale

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Dennis Massimo
Listing Agent
Dennis Massimo
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Turning Point Real Estate
(609) 403-3036