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Listed by JAMES DOMINIC MANTUANO Sr. • Keller Williams Premier

$475,000

Est. payment - /mo

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3,955 SqFt

Active

1116 W STATE ST Trenton, NJ 08618

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Chris Fleming

chris.fleming@joinreal.com +1(908) 283-0602

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Key Details

Property Type Townhouse

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,955 sqft

Price per Sqft $120

Subdivision Cadwalader Heights

MLS Listing ID NJME2064034

Style Colonial

Abv Grd Liv Area 2,278

Year Built 1912

Available Date 2025-09-01

Annual Tax Amount $8,016

Tax Year 2024

Lot Size 3,955 Sqft

Acres 0.09

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

Property Description

Immediate investment opportunity for a highly-profitable, income producing, multi-family residential property in the historic capital city of Trenton. This three-apartment home is conveniently located close to an exit off of Route 29, shopping plazas, and the Delaware River. Tenants enjoy access to beautiful parks and tennis courts within a 5-minute walk, along with a common back yard. Each apartment conveniently has separate meters for utilities, and tenants have been responsible to pay their own heating, gas and electric utility bills. The ground-floor apartment has two bedrooms, each with an individual full bathroom, along with a Living room and dine-in kitchen. The second floor apartment offers two-bedrooms, each with an individual full bathroom, in addition to living room and dine-in kitchen. On the top floor is the third apartment, featuring one bedroom, one bathroom, and a dine-in kitchen area. The conservative rent potential for this multi-family property is $4,600 a month ($1,705for first-floor and $1,700 second-floor unit, and probable $1200 for the top-floor which is empty. Due to local housing needs and recent economic events, higher rents may be possible.

Location

State NJ

County Mercer

Area Trenton City (21111)

Zoning RES

Rooms

Basement Full

Interior

Interior Features Built-Ins, Crown Moldings, Kitchen - Eat-In, Bathroom - Tub Shower, Combination Kitchen/Dining, Wood Floors

Hot Water Natural Gas

Heating Baseboard - Hot Water

Cooling Wall Unit

Flooring Hardwood

Inclusions All Appliances in all 3 units. Security system cameras motion lighting

Equipment ENERGY STAR Refrigerator, Oven - Self Cleaning

Fireplace N

Window Features Bay/Bow,Wood Frame

Appliance ENERGY STAR Refrigerator, Oven - Self Cleaning

Heat Source Natural Gas

Exterior

Exterior Feature Porch(es)

Water Access N

Accessibility None

Porch Porch(es)

Garage N

Building

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade, Below Grade

Structure Type 9'+ Ceilings

New Construction N

Schools

School District Trenton Public Schools

Others

Tax ID 11-32403-00007

Ownership Fee Simple

SqFt Source Estimated

Security Features Motion Detectors,Exterior Cameras,Carbon Monoxide Detector(s)

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Financing Cash,Conventional,FHA,VA

Special Listing Condition Standard

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Chris Fleming

NJ - Sales Assoicate | License ID: 2298483

+1(908) 283-0602

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1116 W STATE ST Trenton, NJ 08618

Chris Fleming

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1116 W STATE ST