152 PROSPECT ST Active Save Request In-Person Tour Request Virtual Tour
Trenton,NJ 08618
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 4,436 sqft
Price per Sqft $112
Subdivision Prospect Heights
MLS Listing ID NJME2064638
Style Traditional
Year Built 1950
Annual Tax Amount $13,069
Tax Year 2024
Property Sub-Type Detached
Property Description
**Investment Opportunity – Mixed-Use 6-Unit Brick Building in Trenton**
Welcome to **152 Prospect Street**, a solid brick three-story mixed-use building built in 1950, located in the heart of Trenton, NJ. This versatile property offers **six total units** including:
* **One storefront** formerly operated as a restaurant/takeout
* **One office unit**
* **Four residential apartments**:
* (2) One-bedroom units
* (1) Two-bedroom unit
* (1) Three-bedroom unit
Currently, **two of the six units are occupied**, providing immediate income while leaving plenty of upside potential for the savvy investor:
* The **one-bedroom apartment** is rented at **\$850/month** on a **month-to-month lease**
* The **three-bedroom apartment** is leased for **\$1,250/month** on a **two-year lease**
This property is perfect for an owner-user or investor looking to **add value and increase cash flow**. With multiple vacant units ready to be leased, you have the opportunity to set market rents and customize your tenant mix.
Don't miss this rare chance to own a **multi-use income-producing property** in a prime location!
Location
State NJ
County Mercer
Area Trenton City (21111)
Zoning MIX USE
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Attic Fan,Window Unit(s)
Flooring Ceramic Tile,Hardwood,Laminated,Vinyl
Laundry None
Exterior
Utilities Available Cable TV Available,Electric Available,Natural Gas Available,Phone Available,Sewer Available,Water Available
Water Access N
Roof Type Built-Up
Building
Lot Description Corner
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Dry Wall,Plaster Walls
New Construction N
Schools
Elementary Schools B.C Gregory
Middle Schools Arthur Holland M.S.
High Schools Central
School District Trenton Public Schools
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard