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.
Sold for $530,000
$530,000
307 Hamilton Ave, Trenton, NJ 08609
6beds
6baths
5,326sqft
Multi Family
Built in 1899
-- sqft lot
$534,900 Zestimate®
$100/sqft
$2,172 Estimated rent
Home value
$534,900
$476,000 - $599,000
$2,172/mo
Zestimate® history
Owner options
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$2,172/mo
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$2,172/mo
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$3,806/mo
Est. payment
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$3,806/mo
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Separate utilities
Zillow last checked:
Listing updated:
Listed by:
Dewey Nami 609-977-4213,
Smires & Associates
Bought with:
Nathaniel Parker, 1967862
RE/MAX One Select
Source: Bright MLS,MLS#: NJME2053988
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Basement
- Area: 0
Heating
- Other, Natural Gas
Cooling
- Window Unit(s), Other
Appliances
- Included: Gas Water Heater
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 5,326
- Total interior livable area: 5,326 sqft
Property
Parking
- Total spaces: 12
- Parking features: Driveway, On Street, Parking Lot
- Uncovered spaces: 12
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 8,250 Square Feet
- Dimensions: 50.00 x 165.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 111540100035
- Zoning: HIST
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Brick/Mortar
Condition
- New construction: No
- Year built: 1899
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Chambersburg
Location
- Region: Trenton
- Municipality: TRENTON CITY
Financial & listing details
- Price per square foot: $100/sqft
- Tax assessed value: $216,700
- Annual tax amount: $12,570
- Date on market: 1/30/2025
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
- Total actual rent: 67680
- Income includes: Apartment Rentals
Price history
| Date | Event | Price |
|---|---|---|
| 4/29/2025 | Sold | $530,000-3.5%$100/sqft |
Source:  Bright MLS #NJME2053988 Report a problem | ||
| 2/21/2025 | Pending sale | $549,500$103/sqft |
Source: Bright MLS #NJME2053988 Report a problem | ||
| 1/30/2025 | Listed for sale | $549,500+138.9%$103/sqft |
Source: Bright MLS #NJME2053988 Report a problem | ||
| 9/7/2019 | Listing removed | $925 |
Source: PMI Central New Jersey Report a problem | ||
| 9/6/2019 | Listed for rent | $925 |
Source: PMI Central New Jersey Report a problem | ||
| 8/12/2019 | Sold | $230,000-23.1%$43/sqft |
Source: Agent Provided Report a problem | ||
| 8/5/2019 | Pending sale | $299,000$56/sqft |
Source: BHHS Fox & Roach Robbinsville Sales Office #1008348382 Report a problem | ||
| 10/4/2018 | Listed for sale | $299,000$56/sqft |
Source: BHHS Fox & Roach-Hamilton #1008348382 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Greenwood & Hamilton
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Nearby schools
GreatSchools rating
- 1/10Robbins Elementary SchoolGrades: K-3Distance: 0.1 mi
- 1/10Trenton Central High School-9th Grade AcademyGrades: 9Distance: 0.8 mi
- 1/10Trenton Central High SchoolGrades: 10-12Distance: 0.5 mi
Schools provided by the listing agent
- District: Trenton Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- New Jersey
- Mercer County
- Trenton
- 08609
- Greenwood & Hamilton
- 307 Hamilton Ave
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