INVESTORS: This four-unit

Mixed residential / commercial building has a cap-rate of 8.46%, bringing in a gross rent of $3, 850 a month. The downstairs is a large commercial space, currently being used s a church ( $1200 a month).

Upstairs are three apartments, currently one rented as section 8 bringing in $900 for apt #2 (they have applied to bring rent up to $950), apt #1 for $950 and $800 for apt #3.

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on 1237 E State St
in Trenton, NJ
Presented by Timothy Crew at
BHHS Fox & Roach Princeton Home Marketing Center.


Property MLS #NJME2038328 from BrightMLS

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+ Bedrooms

Bedrooms: 3

+ Heating and Cooling

Cooling Features: Wall Unit
Heating Features: Radiator
Heating: Yes

+ Land Info

Lot Size Acres: 0.046786
Lot Size Square Feet: 2037

+ Garage and Parking

Parking Features: Public, On Street

+ Multi-Unit Info

Number of Units: 4
Number of 1 Bedroom Units: 3

+ School Information

School District: TRENTON PUBLIC SCHOOLS
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P. J. Hill Elementary School is a public elementary school located approximately 0.3 miles away.
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HEDGEPETH WILLIAM MIDDLE SCHOOL is a public middle school located approximately 0.4 miles away.
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Newgrange School is a private elementary, middle and high school located approximately 0.6 miles away.
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Trenton Central High School is a public high school located approximately 0.6 miles away.
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+ Other Property Info

Annual Tax Amount: 7750.0
Source Listing Status: Pending
County: MERCER
Source Property Type: Multi-Family
Area: MERCER
Source Neighborhood: MERCER
Postal Code Plus 4: 1629
Township: TRENTON CITY
Property Subtype: Quadruplex
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2022	$109,900 + $32,100 $142,000	$7,750
2021	$109,900 + $32,100 $142,000	$7,885
2020	$109,900 + $32,100 $142,000	$7,859
2016	$33,800 + $unknown $33,800	$1,944
2015	$33,800 + $unknown $33,800	$1,937
2014	$67,600 + $12,100 $79,700	$4,547
2013	$67,600 + $12,100 $79,700	$4,519
2012	$67,600 + $12,100 $79,700	$4,410
2011	$67,600 + $12,100 $79,700	$4,491
2010	$67,600 + $12,100 $79,700	$4,365
2009	$67,600 + $12,100 $79,700	$3,737
2008	$67,600 + $12,100 $79,700	$3,493
2007	$67,600 + $12,100 $79,700	$3,339

+ Reveal Property Sale History

Listed 2024-01-08
$375,000
BrightMLS

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Sold 2019-02-08
$110,000
Public Record

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Listing removed 2016-05-11
$200,000
BrightMLS

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Relisted 2016-04-29
$200,000
BrightMLS

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Listing removed 2016-01-14
$200,000
BrightMLS

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Listed 2015-11-12
$200,000
BrightMLS

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Listing removed 2015-10-09
$200,000
BrightMLS

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Listing removed 2015-06-26
$200,000
BrightMLS

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Listed 2015-06-25
$200,000
BrightMLS

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Listed 2015-04-08
$200,000
BrightMLS

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Listing removed 2015-01-15
$200,000
BrightMLS

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Listed 2013-12-23
$200,000
BrightMLS

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Sold 1988-02-19
$35,000
Public Record

+ Building and Construction

Total Square Feet Living: 2038
Year Built: 1950
Construction Materials: Brick
Property Age: 74
Structure Type: End of Row/Townhouse
House Style: Colonial
Architectural Style: End of Row/Townhouse