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$425,000   Price Analysis
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220 E Hanover St
Trenton, NJ 08608
5 bed 5 bath 4,151 SqFt ($102/SqFt)
2,500SqFt lot. Built 1950
Listed 2024-03-07, Taxes $13,321
USDA Eligible
near Trenton, NJ
 Restrictions may apply
due to home size

Five units fully occupied in a prime downtown location

Merely a block from the stately Capital Building. An additional unit awaits your vision - convert to a vast 2 bedroom residence or a bustling commrcial space, as zoning allows. This convenient location means tenants are a short stroll from the train station. The owner covers sewage and water, while tenants pay electric and heat separately.

A ll leases have expired, opening the door to bringing rents up to current market rates. The layout showcases the property's versatility. Unit 1 is a cozy studio. Unit 2 offers 1 bedroom. Unit 3 is a 2 bedroom. Unit 4 provides 1 bedroom. Unit 5 gives you 1 bedroom. And Unit 6? That's up to you - maximize it as a 2 bedroom apartment or commercial unit. This turnkey investment comes ready to reimagine, reinvent and revitalize. Act now to make it yours!


Presented by Karla Roman at
Weichert, Realtors - Princeton Junction.
Listing Agent Photo

Property MLS #NJME2040448 from BrightMLS

Bedrooms: 5

Basement

Cooling Features: Window Unit(s)
Heating Features: Forced Air
Heating: Yes

Full Bathrooms: 5

Lot Size Acres: 0.0573921
Lot Size Square Feet: 2499

Parking Features: On Street

Number of Units: 4
Number of 1 Bedroom Units: 3
Number of 2 Bedroom Units: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Full Bathrooms in Unit-5: 1
Total Rooms in Unit-1: 1
Total Rooms in Unit-2: 4
Total Rooms in Unit-3: 5
Total Rooms in Unit-4: 4
Total Rooms in Unit-5: 4

School District: TRENTON PUBLIC SCHOOLS

Luis Munoz Rivera Elementary School is a public middle school located approximately 0.3 miles away.
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Grant Elementary School is a public elementary school located approximately 0.4 miles away.
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Daylight Twilight High School is a public middle and high school located approximately 0.1 miles away.
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The Garvey School is a private elementary, middle and high school located approximately 0.5 miles away.
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Annual Tax Amount: 13060.0
Source Listing Status: Active
County: MERCER
Source Property Type: Multi-Family
Area: MERCER
Source Neighborhood: MERCER
Postal Code Plus 4: 1822
Township: TRENTON CITY
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$119,300 + $120,000
$239,300
$13,321
2022$119,300 + $120,000
$239,300
$13,060
2021$119,300 + $120,000
$239,300
$13,288
2020$119,300 + $120,000
$239,300
$13,245
2019$119,300 + $120,000
$239,300
$13,032
2018$119,300 + $120,000
$239,300
$12,474
2017$119,300 + $120,000
$239,300
$11,857
2016$95,600 + $37,500
$133,100
$7,657
2015$95,600 + $37,500
$133,100
$7,630
2014$95,600 + $37,500
$133,100
$7,594
2013$95,600 + $37,500
$133,100
$7,548
2012$95,600 + $37,500
$133,100
$7,365
2011$95,600 + $37,500
$133,100
$7,501
2010$95,600 + $37,500
$133,100
$7,291
2009$95,600 + $37,500
$133,100
$6,242
2008$95,600 + $37,500
$133,100
$5,833
2007$95,600 + $37,500
$133,100
$5,576

Price Changed 2024-07-25
$425,000
CJMLS
Price Changed 2024-07-21
$425,000
BrightMLS
Listed 2024-03-25
$465,000
CJMLS
Listed 2024-03-07
$465,000
BrightMLS
Listing removed 2024-02-28
$0
BrightMLS
Listed 2024-01-18
$500,000
BrightMLS
Sold 2021-06-04
$230,000
Public Record
Sold 2017-07-07
$200,000
BrightMLS
Listed 2016-07-13
$210,000
BrightMLS
Listed 2016-07-13
$210,000
BrightMLS
Listing removed 2015-11-18
$250,000
BrightMLS
Relisted 2015-11-06
$250,000
BrightMLS
Listing removed 2015-11-02
$250,000
BrightMLS
Price Changed 2015-07-28
$250,000
BrightMLS
Listed 2015-03-13
$275,000
BrightMLS
Sold 2012-11-09
$175,000
Public Record
Listing removed 2012-09-14
$210,000
BrightMLS
Listed 2011-11-14
$210,000
BrightMLS
Sold 2007-09-17
$425,000
Public Record
Sold 2004-05-12
$90,000
Public Record
Sold 2001-02-22
$100,000
Public Record
Sold 1991-01-11
$140,000
Public Record
Sold 1988-08-22
$129,500
Public Record

Total Square Feet Living: 4151
Year Built: 1950
Construction Materials: Brick
Property Age: 74
Structure Type: Twin/Semi-Detached
Architectural Style: Twin/Semi-Detached
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.