307 Hamilton Avenue
Trenton, NJ 08609
- – beds
- – baths
- 5,326 sqft
- 8,250 sqft lot
- $103 per sqft
- 1899 build
Exceptional 6-Unit Investment Property Fully Rented with Strong Cash Flow! Investor’s dream! This fully occupied 6-unit multifamily property is a prime income-generating asset, bringing in an impressive $67,680 in annual rental income. With a cap rate of 8.6%, this property delivers strong returns in todays market. Each unit features separate utilities, ensuring low owner expenses and maximum profitability. Tenants are responsible for their own heating, electricity, keeping operating costs efficient. Additional highlights include: * Off-street parking for 12 vehicles a rare and valuable feature! * Strong rental history consistent occupancy with reliable tenants. * Turnkey investment income-producing from day one. Whether you are a seasoned investor looking to expand your portfolio or a new buyer seeking a high-yield opportunity, this property is a must-see.
Listing courtesy of BRIGHT / Smires & Associates
Last checked:
Checking…
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Last updated Jan 30, 2025
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MLS# NJME2053988 —
The Building
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Year Built:1899
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Frame
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Building Levels:3
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Building Units Total:4
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Structure Type:Detached
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Architectural Style:Other
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Accessibility Features:None
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Foundation Details:Brick/Mortar
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Basement:Yes
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Basement Type:Full
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:5326
Interior
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:5326
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Living Area SqFt:5,326 Sqft
Financial & Terms
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Sale Type:Standard
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Possession:0-30 Days CD, 31-60 Days CD
Location
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Directions:Route 29 to Hamilton Ave
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Latitude:40.21479416
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Longitude:-74.75029755
The Property
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Property Type:Multi-Family
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Property Subtype:Other
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Lot Size Units:Square Feet
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Lot Size Acres:0.19
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Lot Size Source:Assessor
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Lot Size Dimensions:50.00 x 165.00
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Lot Dimensions Source:Assessor
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Lot SqFt:8,250 Sqft
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Zoning:HIST
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (609) 977-4213
- Office phone:
- (609) 259-1414
Taxes
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Tax ID Number:11-15401-00035
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Tax Year:2024
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Tax Lot:00035
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Tax Annual Amount:$12,570
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Tax Assessed Value:$216,700
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Year Assessed:2024
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City/Town Tax:12570.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Window Unit(s)
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Central Air:No
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Cooling Fuel:Other
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Heating:Yes
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Heating Type:Other
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Schools
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School District Name:Trenton Public Schools
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School District Source:Listing Agent
The Community
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Subdivision Name:Chambersburg
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Pool:No Pool
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Municipal Trash:Yes
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Cap Rate:8.60
Parking
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Total Garage and Parking Spaces:12
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Garage:No
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Type of Parking:Driveway, On Street, Parking Lot
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Driveway - # of Spaces:12
Extra Units
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Other Units:Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
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Vacation Rental:No
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Units Furnished:None
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One Bedroom Units:6
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
1/30/25
Jan 30, 2025
|
Listed / Active | BRIGHT | $549,500 |