Excellent investment opportunity to acquire 10 fee-simple row homes sold together as a package, all located on the same street, offering a rare combination of scale, efficiency, and long-term upside. The portfolio features a strong, documented rental history with 5 of the 10 units being section 8, low property taxes, and half of the units already renovated, allowing a new owner to benefit from immediate cash flow with additional value-add potential in the remaining homes. All lead paint inspections are current, minimizing future compliance concerns and creating a smoother transition for ownership. This is an ideal opportunity for a buy-and-hold investor, 1031 exchange, or portfolio expansion, with multiple income streams in one clean, consolidated acquisition.
For sale
$2,400,000
12 Adella Ave, Hamilton, NJ 08609
30beds
--baths
1,280sqft
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$1,875/sqft
$-- HOA
What's special
- 174 days |
- 269 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Olivier Louis 908-543-4143,
RE/MAX First Realty II
Source: Bright MLS,MLS#: NJME2071430
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 30
Heating
- Forced Air, Baseboard, Radiator, Natural Gas
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Flooring: Ceramic Tile, Luxury Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 1,280
- Total interior livable area: 1,280 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 1,603 Square Feet
- Dimensions: 16.05 x 100.00
Details
- Additional structures: Above Grade
- Parcel number: 030164100018
- Zoning: RESIDENTIAL
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Roof: Flat,Pitched
Condition
- Good
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Septic
- Water: Public
Community & HOA
Location
- Region: Hamilton
- Municipality: HAMILTON TWP
Financial & listing details
- Price per square foot: $1,875/sqft
- Tax assessed value: $54,600
- Annual tax amount: $2,024
- Date on market: 1/9/2026
- Listing agreement: Exclusive Agency
- Listing terms: Bank Portfolio,Cash,Conventional
- Exclusions: Tenants Belongings
- Ownership: Fee Simple
Olivier Louis
(908) 790-2133
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Estimated market value
Not available
Estimated sales range
Not available
$2,013/mo
Price history
| Date | Event | Price |
|---|---|---|
| 1/9/2026 | Listed for sale | $2,400,000+3016.9%$1,875/sqft |
Source:  Bright MLS #NJME2071430 Report a problem | ||
| 8/21/2006 | Sold | $77,000$60/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,924 | $54,600 |
| 2024 | $1,924 -17.2% | $54,600 |
| 2023 | $2,324 +30.5% | $54,600 |
| 2022 | $1,782 -6.3% | $54,600 |
| 2021 | $1,902 +2.6% | $54,600 |
| 2020 | $1,854 +2.6% | $54,600 |
| 2019 | $1,806 +2.7% | $54,600 |
| 2018 | $1,759 +2.5% | $54,600 |
| 2017 | $1,717 +37.4% | $54,600 |
| 2016 | $1,250 +2% | $54,600 +120.2% |
| 2015 | $1,225 +4% | $24,800 |
| 2014 | $1,178 -49.3% | $24,800 |
| 2012 | $2,324 -0.4% | $24,800 -51.7% |
| 2011 | $2,334 +1.4% | $51,300 |
| 2010 | $2,302 | $51,300 |
| 2009 | -- | $51,300 |
| 2008 | $2,052 +2.5% | $51,300 |
| 2007 | $2,001 | $51,300 |
| 2006 | -- | $51,300 |
| 2005 | -- | $51,300 |
| 2004 | $745 | $51,300 |
| 2003 | -- | $51,300 |
| 2002 | -- | $51,300 +3.2% |
| 2001 | -- | $49,700 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 08609
Nearby schools
GreatSchools rating
- 5/10Klockner Elementary SchoolGrades: PK-5Distance: 1 mi
- 5/10Richard C Crockett Middle SchoolGrades: 6-8Distance: 4.8 mi
- 2/10Hamilton North-Nottingham High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- District: Hamilton Township
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- New Jersey
- Mercer County
- Trenton
- 08609
- 12 Adella Ave
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