Trenton, NJ 08618 314 W State Street

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Presented By: Keller Williams Real Estate - Princeton
  • MLS# NJME2059594
  • 05/25/2025
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  • Beds • 7

Home Details

RENOVATED MULTI-FAMILY IN TRENTON'S HISTORIC DISTRICT: Opportunity awaits with this well-maintained, fully occupied three-family property located in Trentons sought-after Historic District. This renovated building is nestled between a professional architectural firm and a doctors office, offering both charm and strategic placement. The buildings 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 accessibilityjust 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. Dont miss this excellent rental investment in a high-demand location!
Presented By: Keller Williams Real Estate - Princeton

Interior Features for 314 W State Street

Bedrooms

Three Bedroom Units Count1

Other Interior Features

LivingAreaSourceAssessor
BasementDirt Floor
Basement (Y/N)Yes
Central Air Y/NNo
Fireplace Y/NNo
Heating FuelOil
Heating Y/NYes
Hot WaterNatural Gas

General for 314 W State Street

Acceptable FinancingConventional, Cash
AccessibilityNone
Architectural StyleOther
CityTRENTON
Construction MaterialsFrame
Cool FuelNatural Gas
CoolingWindow Unit(s)
CountyMERCER
DirectionsUse GPS.
DisclosuresHistoric Property
ExclusionsTenant/owners personal belongings.
Garage Y/NNo
HeatingRadiator
Historic Y/NYes
Lot Size Square Feet2375.00
Lot Size UnitsSquare Feet
MLS AreaTrenton City (21111)
ModificationTimestamp2025-05-26T17:17:03
MunicipalityTRENTON CITY
Net Operating Income29067.00
New ConstructionNo
Number Of Units Total1
Number of Units Leased3
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
Possession0-30 Days CD
Price Per Sq Ft Total AG143.68
Property SubtypeTriplex
Property TypeMulti-Family
School DistrictTRENTON PUBLIC SCHOOLS
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeEnd of Row/Townhouse
Tax Annual Amount6914.0
Tax Assessed Value119200.0
Tax Lot00009
Tax Year2024
Total Actual Rent50760.00
Total SQFT3132
Two Bedroom2
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1887
Year Built SourceAssessor
ZoningHIST

Exterior for 314 W State Street

Foundation DetailsConcrete Perimeter
Land Assessed Value5600.00
Land Use Code
Lot Dimensions25.00 x 95.00
Lot FeaturesBacks to Trees
Lot Size Acres0.05
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $450,000
MLS#NJME2059594
List Date 05/25/2025
Property Type Multi-Family
Phone 703.929.4729
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