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424 Trenton Rd
For Sale $1,200,000
$1,200,000
- 9 Units
- Unknown Sq Ft
- 188,615 Sq Ft
- Unknown Cap Rate
Description
Presenting an exceptional investment opportunity at 424 Trenton Road, this 9-unit multifamily property offers the perfect blend of stability and upside. With 7 of the 9 units already fully remodeled and a brand new septic system installed in 2021, the heavy lifting has been done. The unique 5-building layout provides a private, residential feel that attracts a wide range of quality tenants.
Current ownership has meticulously managed major capital improvements, mitigating future risk for the next investor. The property features a diverse mix of studio, 1, 2, and 3-bedroom units. There is a clear and immediate path to increase cash flow by leasing two vacant units at market rent and raising the significantly under-market rent on the flagship 3-bedroom, 2-bath main house.
With a pro-forma cap rate of 7.07% and its strategic proximity to Joint Base McGuire-Dix-Lakehurst ensuring a consistent tenant pool, this property is a powerful addition to any investment portfolio. Don't miss this chance to acquire a stabilized, cash-flowing asset with tangible upside.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,200,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1966 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 290052600001 01 |
| MLS # | NJBL2084780 |
| Property ID | 319748080 |
| Lot Sqft | 188,615 |
| Zoning | RESIDENTIAL |
| Total Units | 9 |
| Days on Market | 110 |
| Original List Price | Unknown |
| Date Updated | October 09, 2025 |
| Date Created | July 25, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $84,875 | $0 |
| Operating Expenses | $ 51,298 |
| Net Income (Yr) | $ 70,838 |
| Cap Rate | 7.07% |
Listing Provided By
Lukasz Boczniewicz an agent of . Lic #1973582
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Data last updated: November 12, 2025.
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REAL ESTATE AGENT