724 DIVISION STREET, TRENTON, NJ 08611
MERCER County
Key Facts
Description
**MAKE SURE YOU ARE ON TIME TO ALL SHOWINGS, PROPERTY MANAGER WILL LEAVE AFTER 10 MINUTES OF BEING LATE**Introducing 724 Division Street, a turnkey 6-unit commercial/multifamily property located in the heart of Trenton, NJ. This well-maintained investment opportunity offers a strong in-place rent roll, additional parking income, and minimal owner expenses — ideal for investors seeking reliable cash flow and long-term asset appreciation. Fantastic investment opportunity! Five units are 1 bed/1 bath, and the sixth unit is a 2 bed/1 bath. Parking lot currently rented for $750/month, bringing total gross monthly income to $8,796. Annual net income of $82,244 after expenses with a 9.1% cap rate! !!!!!!Estimated Section 8 rents could generate $10,050/month, producing an annual net income of $106,292 after expenses and an impressive 11.19% cap rate! Excellent cash flow and strong upside potential!!!!!!! (CALL Andrei Gayed or David Beaty for more information and to schedule a tour & to see the Pro Forma made for this property)
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Structure Type
House
Year Built
1897
Stories
3
Living Area
4,905 sq ft
Zoning
RESIDENTIAL
Days on Market
230
MLS® Listing#
NJME2069098
Property Features
Cooling
Heating
Pool
Parking
Construction
Foundation
Sewer
Water Source
Schools
- District:
- TRENTON PUBLIC SCHOOLS
Financial Details
Annual Taxes
$11,108
Tax year 2024
Assessed Value
$191,500
Parcel Number
11-19302-00025
Directions
GPS
Affordability Calculator
$178,000
Estimated monthly payment
$4,737/mo
Principal $712,000 · Est. interest $993,303 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in TRENTON, NJ
- $293,333
- Median Listing Price
- 46
- Median Days on Market
- 1,404
- Median Sq Ft
- $181
- Median Price / Sq Ft
- 208
- Active Listings
- This home’s price is 203% above the area median.
- Its price per sq ft is right around the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in TRENTON, NJ.
Location
Points of Interest in TRENTON, NJ
Showing the TRENTON area map.
Nearby Schools
Harrison Elementary School
Elementary · 0.2 mi away
Washington Elementary School
Elementary · 0.2 mi away
Franklin Elementary School
Elementary · 0.2 mi away
International Charter Sch of Trentn
Elementary · 0.4 mi away
Immaculate Conception Church
School · 0.4 mi away
Achievers Early College Prep Charter School
Secondary School · 0.4 mi away
Grace A. Dunn Middle School
Elementary · 0.5 mi away
New Jersey State Prison
Secondary · 0.7 mi away
Robbins Elementary School
Elementary · 0.7 mi away
Howley School Pre-School & Child Care Center
School · 0.7 mi away
Lalor Elementary School
Elementary · 0.8 mi away
Mott Elementary School
Elementary · 0.8 mi away
Trenton Central High School
Secondary · 0.8 mi away
Hamilton Twp Public Schools
School · 0.9 mi away
Paul Robeson Elementary School
Elementary · 1.1 mi away
Hedgepeth-Williams Middle School
Secondary · 1.1 mi away
Newgrange School
Secondary · 1.1 mi away
State of NJ District and School Improvement
School · 1.1 mi away
Cyo East State Street Center
School · 1.1 mi away
Parker Elementary School
Secondary · 1.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3 BELMONT CIRCLE, TRENTON, NJ | $679,900 | 6 | 4 | 7,500 |
| 2640 KUSER ROAD, TRENTON, NJ | $999,999 | 7 | 4 | 3,484 |
Moving Cost Estimate
EXIT Agents in TRENTON
Listing Courtesy: Century 21 Alliance-Moorestown - 8562354664