175 Washington Princeton Nj 08540

Princeton, NJ 08540

$1,200,000
Price
6
Beds
4
Baths
6,500 Sq. Ft.
$185 / Sq. Ft.
6,500
Sq. Ft.
$185
per Sq. Ft.

Description

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...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 Agent

  1. Yael Lax Zakut

    Yael Lax Zakut

    Listing Agent

    Compass

    yael.zakut@compass.com

    P: (609)-933-0880

Property Details for 175 Washington Princeton Nj 08540

Tax ID Number
13-00044-00027
Ownership
Fee Simple
Structure Type
Other
Style
Other
Waterfront
No
Garage
No
Cross Street
MORNING SUN AV
Municipality
WEST WINDSOR TWP
LISTING UPDATED: 10/17/2024 02:03 PM

Property Details for 175 Washington Princeton Nj 08540

StatusActive
MLS #NJME2047698
Days on Market9
Taxes$21,137 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1966
Lot Size0.76 AC / 33,001 SF
CountyMercer County

Building Information for 175 Washington Princeton Nj 08540

Stories-Residences1Year Built1966Building Size-Lot Size0.76 AC / 33,001 SF

Property Information for 175 Washington Princeton Nj 08540

Location
Location
  • School District Name: WEST WINDSOR-PLAINSBORO REGIONAL
  • School District County ID: 300200396174
  • SchoolDistrictSource: Listing Agent
  • County: MERCER
  • MLS Area: West Windsor Twp (21113)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $719,700
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $462,200
  • City Town Tax: $0
  • Land Assessed Value: $257,500
  • Clean Green Assessed: No
  • Land Use Code: 0
  • Zoning: R20
  • Tax Lot: 00027
  • School Tax: $0
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Water, Sewer
Unit Information
Unit Information
  • Single Room Units Count: 3
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 1
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
  • Units Leased Count: 5
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
Unit 2
  • Type: Unit 5
  • Unit Type Occupied YN: Yes
  • Half Baths Count: 0
  • Unit Type Baths Total: 1
  • Unit Type Features: Rented by Papa Jones-Lease ends Nov 2027
Unit 3
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
Unit 4
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
Unit 5
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Beds Total: 3
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
Financial Information
Financial Information
  • Income Includes: Shop Rentals, Apartment Rentals
Building Info
Building Info
  • Building Units Total: 1
  • Total Finished SQFT: 6,500.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 150.00 x 220.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 2187354
Parking
Parking
  • Type Of Parking: Parking Lot
  • Parking Features: Private
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C, Wall Unit
  • Cooling Fuel: Other
  • Heating Type: Other
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Mid Jersey Association of REALTORS
  • List Agent URL: compass.com/agents/yael-zakut/

Property History for 175 Washington Princeton Nj 08540

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 175 Washington Princeton Nj 08540

This home is within West Windsor-Plainsboro Regional School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Maurice Hawk Elementary School
PublicPK to 3

Millstone River School
Public3 to 5

Community Middle School
Public6 to 8

West Winsdor Plainsboro North
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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175 Washington Princeton Nj 08540 is a multi-family home for sale in Princeton, NJ 08540. This property was listed for sale on October 14, 2024 by Compass, it's currently listed at $1,200,000. This listing's school district is West Windsor-Plainsboro Regional School District. Nearby schools include Maurice Hawk Elementary School, Millstone River School and Community Middle School. 175 Washington Princeton Nj 08540 is a 6-bed, 4-bath, 6,500 sqft multi-family home built in 1966.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.