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175 Washington

PRINCETON, NJ 08540

– beds
– baths
6,500 sqft
~3/4 acre lot
$184 per sqft
1966 build

This prime mixed-use property offers an exceptional investment opportunity in a location that is second to none. Situated on 0.75 acres, this property features a thriving commercial space with a long-term lease and four fully occupied residential apartments, generating a strong and consistent income stream. Located just steps from the train station, this property benefits from unparalleled accessibility, making it highly attractive to both businesses and residents. The four apartments provide ensuring steady cash flow. With all units currently occupied by long-term, reliable tenants, you can start earning from day one. The property also offers ample on-site parking, adding to its appeal. This is not just a solid investment but also a value-add opportunity. With some modern updates and improvements, there is significant potential to increase rental income and enhance the overall value of the property. Given its location, income stability, and growth potential, this property is a rare find that stands out in the market. Don’t miss this one-of-a-kind opportunity to invest in a property with incredible potential in a prime location. The property is being sold strictly as-is, offering the buyer full control over any future renovations or enhancements.

Listing courtesy of BRIGHT / Compass New Jersey, LLC - Princeton

Last checked: Checking… • Last updated Oct 23, 2024 •

MLS# NJME2047698 —

The Building

Year Built:

1966
Year Built Source:

Estimated
New Construction:

No
Construction Materials:

Stone
Structure Type:

Other
Architectural Style:

Other
Building Units Total:

1
Accessibility Features:

None
Basement:

Yes
Basement Type:

Partial
Total SqFt Source:

Estimated
Total Below Grade SqFt Source:

Assessor

Interior

Fireplace:

No
Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

6500
Living Area SqFt:

6,500 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Conventional
Possession:

Immediate

Location

Directions:

PER GPS
Cross Street:

MORNING SUN AV
Latitude:

40.32715225
Longitude:

-74.63173676

The Property

Property Type:

Multi-Family
Property Subtype:

Quadruplex
Lot Size Units:

Square Feet
Lot Size Acres:

0.76
Lot Size Source:

Assessor
Lot Size Dimensions:

150.00 x 220.00
Lot Dimensions Source:

Assessor
Lot SqFt:

33,001 Sqft
Zoning:

R20
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

13-00044-00027
Tax Year:

2023
Tax Lot:

00027
Tax Annual Amount:

$21,137
Tax Assessed Value:

$719,700
Year Assessed:

2023
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

Central A/C, Wall Unit
Central Air:

Yes
Cooling Fuel:

Other
Heating:

Yes
Heating Type:

Other
Heating Fuel:

Natural Gas

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Natural Gas
Water Source:

Public

Schools

School District Name:

West Windsor Plainsboro Regional
School District Source:

Listing Agent

The Community

Pool:

No Pool
Association Recreation Fee:

No

Parking

Garage:

No
Type of Parking:

Parking Lot
Parking Features:

Private

Extra Units

Other Units:

Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
Vacation Rental:

No
Single Room Units:

3
Three Bedroom Units:

1

Explore the Area

My Commute

From

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Soundscore™

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Max Internet Speed

Xfinity

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
10/23/24 Oct 23, 2024	Sold Subject To Contingencies	BRIGHT	$1,200,000
10/14/24 Oct 14, 2024	Listed / Active	BRIGHT	$1,200,000

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This multifamily located in Princeton Junction, NJ 08540 is currently for sale for $1,200,000. 175 Washington is a 6,500 square foot multifamily with – beds and – baths. This multifamily is in the attendance area of Maurice Hawk Elementary School, High School North, Community Middle School, and Millstone River School.

Listing Courtesy of: BRIGHT and Compass New Jersey, LLC - Princeton.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.