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220 E Hanover Street Trenton, NJ $ 465,000
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$ 465,000 Get more info
220 E Hanover Street
$ 465,000
Back to search
Share Save

220 E Hanover Street

Trenton, NJ, 08608
$ 465,000
Baths0.0 Sq 4,151

Monthly Estimate*

$ 3,091

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Studio

Commercial Property for sale in Trenton, NJ

for $465,000. This 4,151 square foot building was built in 1950 on a lot size of 0.06.

Five units fully occupied in a prime downtown location, merely a block from the stately Capital Building. An additional unit awaits your vision - convert to a 2 bedroom residence only needs an egress window or use as a bustling commercial space, as zoning allows. This convenient location means tenants are just a short stroll from the train station. The owner covers sewage and water, while tenants pay electric and heat separately. All leases have expired, opening the door to bringing rents up to current market rates. The layout showcases the property's versatility. Unit 1 is a cozy studio. Unit 2 offers 1 bedroom. Unit 3 is a 2 bedroom. Unit 4 provides 1 bedroom. Unit 5 gives you 1 bedroom. And Unit 6? That's up to you - maximize it as a 2 bedroom apartment or keep as a commercial unit. This turnkey investment comes ready to reimagine, reinvent and revitalize. Act now to make it yours!

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Commercial Active

Price

$ 465,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 13,321

Style

Apartment Building

Lot Size

0.06

Year Built

1950

Town/City

Trenton

County/Region

Mercer

MLS | Web ID

NJME2041764
Features
Interior
Heating Fuel Natural Gas
Hot Water Multi-tank
Total Stories 3
Heating Y/N Y
Street Suffix STREET
Central Air Y/N N
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General
Sewer Public Sewer
Heating Forced Air
Cooling Window Unit(s)
Possession Immediate
Zoning HIST
Construction Materials Frame Brick
Exclusions Tenants belongings
Year Built 1950
Property SubType Mixed Use
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality TRENTON CITY
Business Type Apartment Building
Accessibility None
County MERCER
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions Head East on E Hanover toward N Montgomery St the destination will be on the left
City TRENTON
Buyer Agent Compensation 3
Total Units 5
MLS Area Trenton City (21111)
Lot Size Square Feet 2500.00
Waterfront Y/N N
Street Name HANOVER
Tax Annual Amount 13321.0
Price Per Sq Ft 112.02
Vacation Rental Y/N N
Days on Market 20
Standard Status Active
Year Built Source Assessor
Tax Lot 00014
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source Public
Type of Parking On Street
Foundation Details Concrete Perimeter
Water View Y/N N
Building Area Total 4151.00
Lot Dimensions 25.00 x 100.00
Lot Size Acres 0.06
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 120000.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 220
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* Excluded Features
List By
Karla M Roman

Listing Agent

Weichert Realtors

Broker

Princeton Junction

Office

Affordability Calculator

$4,201
Per Month
74%
26%
0%
Monthly Principal & Interest
$3,091
Monthly Property Taxes
$1,110
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/11/2024$465,000 Listed Price

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220 E Hanover Street, Trenton, NJ, 08608 is a Commercial Property for sale at $465,000 with 4,151 sqft and a lot size of 0.06. 220 E Hanover Street is a studio with 0.0 baths and was built in 1950. The property's zip code is 08608 which is in Trenton, NJ

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