Sold for $350,000

$350,000

703 Rutherford Ave, Trenton, NJ 08618

7beds

4baths

2,630sqft

Triplex

Built in 1921

-- sqft lot

$439,300 Zestimate^®

$133/sqft

$1,841 Estimated rent

Home value

$439,300

$400,000 - $483,000

$1,841/mo

Zestimate^® history

Owner options

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$1,841/mo

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$1,841/mo

Rent Zestimate^®

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$2,499/mo

Est. payment

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$2,499/mo

Est. payment

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What's special

Welcome to 703 Rutherford Ave, Trenton, NJ – A Turn-Key Investment Opportunity! This charming multi-family residence is nestled in the heart of Trenton, offering a blend of modern amenities and classic comfort. The property features a 2-bedroom, 1-bath unit, currently rented for $1,400/month. A spacious 4-bedroom, 2-bath unit, generating $1,700/month in rental income. A recently confirmed legal third unit studio, adding to its versatility and potential. Each unit has been recently renovated, with separate meters for ease of management. The property is fully occupied with reliable, paying tenants, providing immediate cash flow. Sold in as-is condition, this investment is truly turn-key. With the Certificate of Occupancy (CO) secured and the property now confirmed as a legal 3-unit, this is an opportunity you don’t want to miss! We recommend using Premier Key Abstract for title services, as a comprehensive title commitment has already been completed with them.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 4

Basement

Area: 0

Heating

Baseboard, Natural Gas

Cooling

Wall Unit(s)

Appliances

Included: Oven/Range - Electric, Oven/Range - Gas, Refrigerator, Gas Water Heater

Features

Flooring: Hardwood
Basement: Full
Has fireplace: No

Interior area

Total structure area: 2,630
Total interior livable area: 2,630 sqft

Property

Parking

Parking features: Shared Driveway, On Street
Has uncovered spaces: Yes

Accessibility

Accessibility features: None

Features

Pool features: None

Lot

Dimensions: 38.00 x 0.00
Features: Downtown

Details

Additional structures: Above Grade, Below Grade
Parcel number: 110640300001
Zoning: RES
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Triplex

Materials

Frame
Foundation: Brick/Mortar, Other
Roof: Shingle

Condition

New construction: No
Year built: 1921
Major remodel year: 2002

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: None Available

Location

Region: Trenton
Municipality: TRENTON CITY

Financial & listing details

Price per square foot: $133/sqft
Tax assessed value: $151,200
Annual tax amount: $8,417
Date on market: 5/31/2024
Listing agreement: Exclusive Right To Sell
Ownership: Fee Simple

Price history

Date	Event	Price
8/29/2024	Sold	$350,000$133/sqft
Source: Bright MLS #NJME2044144 Report a problem
7/14/2024	Contingent	$350,000$133/sqft
Source: Bright MLS #NJME2044144 Report a problem
7/2/2024	Listed for sale	$350,000$133/sqft
Source: Bright MLS #NJME2044144 Report a problem
6/13/2024	Pending sale	$350,000$133/sqft
Source: Bright MLS #NJME2044144 Report a problem
6/1/2024	Listed for sale	$350,000$133/sqft
Source: Bright MLS #NJME2044144 Report a problem