Investor opportunity in the heart of Trenton! This three-family property at 146 West Hanover Street offers immediate income potential with strong upside. The unit mix includes a vacant ground-floor 3-bedroom, 1-bath unit ready for lease at market rent, plus two income-producing units: a 1-bedroom/1-bath on the second floor and a studio with 1 bath on the third floor. With two units currently generating rental income and one vacant unit ready to be rented or owner/occupant, this property presents a flexible investment strategy for both seasoned and new investors. Buyer responsible for obtaining the Certificate of Occupancy. Conveniently located near downtown amenities, transportation, and just minutes from Cadwalader Park, this is a solid addition to any portfolio with immediate cash flow and long-term potential.
| MLS # | NJME2072758 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1897 |
| Days On Site | 243 |
| Listing Provided By | Compass New Jersey, LLC - Moorestown | Andrew Adell |
| SQ Feet | 2,295 |
|---|---|
| Units | 1 |
| Zoning | MU |
| Acreage | 0.03 |
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | Baseboard - Hot Water |
| Construction Materials | Brick |
|---|---|
| Foundation Details | Other |
| Garage Yes / No | No |
|---|
| Tax Annual Amount | 5147 |
|---|
| State | NJ |
|---|---|
| County | MERCER NJ |
| City | TRENTON |
| Zip Code | 08618 |
| Area | Trenton City (21111) |
| School District | TRENTON PUBLIC SCHOOLS |
| Listing VS Median (in 08618) | |
Price: $350,000 low | high Med: $265,000 sqft: 2,295 low | high Med: 1,336 $ / sqft: $153 low | high Med: $198 On site: 243 low | high Med: 126 | |
| State | NJ |
|---|---|
| County | MERCER NJ |
| City | TRENTON |
| Zip Code | 08618 |
| Area | Trenton City (21111) |
| School District | TRENTON PUBLIC SCHOOLS |
| Listing VS Median (in 08618) | |
Price: $350,000 low | high Med: $265,000 sqft: 2,295 low | high Med: 1,336 $ / sqft: $153 low | high Med: $198 On site: 243 low | high Med: 126 | |