Trenton, NJ 08618 1116 W State Street

$475,000

1116 W State Street Trenton, NJ - Image 11116 W State Street Trenton, NJ - Image 21116 W State Street Trenton, NJ - Image 3
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Presented By: Keller Williams Premier
  • MLS# NJME2064034
  • 08/13/2025
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  • Beds • 5

Home Details

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.
Presented By: Keller Williams Premier

Interior Features for 1116 W State Street

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceEstimated
BasementFull
Basement (Y/N)Yes
Central Air Y/NNo
Fireplace Y/NNo
FlooringHardwood
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
Interior AmenitiesBuilt-Ins, Crown Moldings, Kitchen - Eat-In, Bathroom - Tub Shower, Combination Kitchen/Dining, Wood Floors
Total Stories3
Window FeaturesBay/Bow, Wood Frame

General for 1116 W State Street

Acceptable FinancingCash, Conventional, FHA, VA
AccessibilityNone
AppliancesENERGY STAR Refrigerator, Oven - Self Cleaning
Architectural StyleColonial
Association Recreation FeeN
CityTRENTON
Construction MaterialsBrick
Cool FuelElectric
CoolingWall Unit
CountyMERCER
DirectionsRoute 29 to Parkside to Left on West state to 1116
DisclosuresLead Based Paint - State, Prop Disclosure
Electric100 Amp Service
ExclusionsTenants belongings
Garage Y/NNo
HeatingBaseboard - Hot Water
Historic Y/NNo
Home Warranty Y/NNo
Lease TypeYearly
Lot Size Square Feet3955.00
Lot Size UnitsSquare Feet
MLS AreaTrenton City (21111)
ModificationTimestamp2025-08-15T15:16:01
MunicipalityTRENTON CITY
New ConstructionNo
Number Of Units Total3
Number of Units Leased2
NumberOfUnitsVacant1
One Bedroom Units Count1
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
Patio/Porch FeaturesPorch(es)
Possession0-30 Days CD, Immediate
Price Per Sq Ft Total AG208.52
Property ConditionExcellent
Property SubtypeTriplex
Property TypeMulti-Family
Rent Control Y/NYes
School DistrictTRENTON PUBLIC SCHOOLS
Security FeaturesMotion Detectors, Exterior Cameras, Carbon Monoxide Detector(s)
SewerPublic Sewer
Single Room Units Count0
Standard StatusComing Soon
StatusCOMING SOON
Structure TypeTwin/Semi-Detached
Subdivision NameCADWALADER HEIGHTS
Tax Annual Amount8016.0
Tax Assessed Value113000.0
Tax Lot00007
Tax Year2024
Total Actual Rent55000.00
Total Rooms6
Total SQFT2278
TransportationAirport less than 10 miles, Bus Stop less than 1 mile, Commuter Rail Station 1 to 5 miles
Two Bedroom2
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1912
Year Built SourceEstimated
ZoningRES

Exterior for 1116 W State Street

Foundation DetailsBlock
InclusionsAll Appliances in all 3 units. Security system cameras motion lighting
Lot Size Acres0.09
Lot Size SourceEstimated
Navigable Water Y/NNo
PoolNo Pool
SpaNo
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Thaddeus Underwood

Associate Broker & Team Leader
Price $475,000
MLS#NJME2064034
List Date 08/13/2025
Property Type Coming Soon
Phone (703) 408-5340
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