12 Murray Place, PRINCETON, NJ 08540 (MLS # NJME2071550)
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Location, location, location"”set in Princeton's highly sought-after Riverside neighborhood, this distinguished Victorian owner-occupied 3-Unit property offers an exceptional walk-to-town lifestyle just steps from coffee shops, acclaimed restaurants, the post office, top-rated schools, and Princeton's vibrant cultural and athletic venues. A truly rare opportunity for the discerning owner-occupant, this fully renovated residence offers strong rental demand and an impressive net operating income. Thoughtfully reimagined in 2022, each unit was meticulously updated with modern kitchens, refreshed baths, newer appliances, upgraded split HVAC systems, and three separate furnaces, ensuring comfort, efficiency and ease of management. The generously sized residences include a 5-bedroom / 3-bath, 3-bedroom / 2-bath and a 2-bedroom / 1-bath layout. that generate approximately $9500/mo from the 2 smaller units at 14 Murray The property has been maintained, painted inside and out and is truly turnkey. Ideal for an owner-occupant, the expansive 5-bedroom unit is fully available (past rent of $7800/mo), while the two remaining apartments are currently leased, generate approx $8,500 per month in rental income. Completing the offering is a convenient driveway parking and permitted street parking, immediate access to the NYC bus line, and close proximity to the Princeton Junction train station. Blending historic charm with modern updates and prime location, this exceptional triplex is a standout addition to any sophisticated real estate portfolio.
| DAYS ON MARKET | 3 | LAST UPDATED | 1/13/2026 |
|---|---|---|---|
| TRACT | RIVERSIDE | YEAR BUILT | 1870 |
| COMMUNITY | Princeton (21114) | COUNTY | MERCER |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| School District | PRINCETON REGIONAL SCHOOLS |
|---|---|
| Elementary School | RIVERSIDE E.S. |
| Jr. High School | JOHN WITHERSPOON M.S. |
| High School | PRINCETON H.S. |
| ADDITIONAL DETAILS | |
| AIR | Ductless, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Built-In Range, Dishwasher, Dryer, Exhaust Fan, Gas Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer |
| AREA | Princeton (21114) |
| BASEMENT | Full, Unfinished, Yes |
| CONSTRUCTION | Frame |
| EXTERIOR | Balcony |
| FIREPLACE | Yes |
| HEAT | Electric, Exhaust Fan, Natural Gas, Radiant |
| LOT | 8276 sq ft |
| LOT DESCRIPTION | Back Yard, Level, Private |
| LOT DIMENSIONS | 70x117 |
| PARKING | On Street, Driveway |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3 |
| STYLE | Victorian |
| SUBDIVISION | RIVERSIDE |
| TAXES | 38934 |
| UTILITIES | Cable Available, Water Available, Sewer Available, Natural Gas Available, Electricity Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Street, Garden |
| WATER | Public |
MORTGAGE CALCULATOR
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