1116 W State Street, TRENTON, NJ 08618 (MLS # NJME2064034)
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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.
| DAYS ON MARKET | 2 | LAST UPDATED | 8/14/2025 |
|---|---|---|---|
| TRACT | CADWALADER HEIGHTS | YEAR BUILT | 1912 |
| COMMUNITY | Trenton City (21111) | COUNTY | MERCER |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| School District | TRENTON PUBLIC SCHOOLS |
|---|
| ADDITIONAL DETAILS | |
| AIR | Electric, Wall Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | ENERGY STAR Qualified Refrigerator, Gas Water Heater, Oven |
| AREA | Trenton City (21111) |
| BASEMENT | Full, Yes |
| CONSTRUCTION | Brick |
| HEAT | Baseboard, Natural Gas |
| INTERIOR | Built-in Features, Crown Molding, Eat-in Kitchen, High Ceilings |
| LOT | 3920 sq ft |
| PARKING | On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3 |
| STYLE | Colonial |
| SUBDIVISION | CADWALADER HEIGHTS |
| TAXES | 8016 |
| WATER | Public |
| ZONING | Residential |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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