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1163-1167 E State St 12 Unit Apartment Building $1,500,000 ($125,000/Unit) 7.67% Cap Rate Trenton, NJ 08609
Investment Highlights
- Corner positioning along East State Street enhances visibility and frontage on a highly traveled corridor.
- Anchored by long-term tenants, including retail and restaurant/bar, ensuring occupancy stability.
- Public utilities and municipal services available, including sewer and water service.
- Includes 10 apartment units plus ground-floor commercial tenants providing dual income streams.
- Located within a dense business district near major thoroughfares for strong connectivity.
- On-site live-in manager and mixed-use configuration appeals to multiple investment strategies.
Executive Summary
This mixed-use property, located at 1163 East State Street in Trenton, NJ, provides investors with a combination of income-producing residential units and established commercial tenants. With a prominent corner location at East State Street and South Olden, the asset benefits from consistent visibility and accessibility within a business district setting. The building includes 10 apartments and ground-floor commercial space currently configured for retail and restaurant/bar use, offering diverse revenue streams and tenant stability with long-term occupancy noted.
The property is situated in close proximity to major roadways, including Routes 1 and 129, connecting directly to regional hubs and serving a dense urban market. Public utilities include electric, gas, heat, hot water, and water service. This is a fee simple ownership opportunity supported by strong local demand for both multifamily and retail space in the Trenton area. Buyers will appreciate the live-in site manager arrangement, existing infrastructure, and limited land opportunity in a built-out corridor.
The property is situated in close proximity to major roadways, including Routes 1 and 129, connecting directly to regional hubs and serving a dense urban market. Public utilities include electric, gas, heat, hot water, and water service. This is a fee simple ownership opportunity supported by strong local demand for both multifamily and retail space in the Trenton area. Buyers will appreciate the live-in site manager arrangement, existing infrastructure, and limited land opportunity in a built-out corridor.
Property Facts
| Price | $1,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $125,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 7.67% | Building Size | 12,225 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | ||
| Zoning | Commercial Residential - Commercial Residential | ||
| Price | $1,500,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Cap Rate | 7.67% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 12,225 SF |
| No. Stories | 3 |
| Year Built | 1986 |
| Zoning | Commercial Residential - Commercial Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 6 | - | - |
1 1
Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 11-26701-0000-00001 | Improvements Assessment | $401,600 |
| Land Assessment | $119,000 | Total Assessment | $520,600 |
Property Taxes
Parcel Number
11-26701-0000-00001
Land Assessment
$119,000
Improvements Assessment
$401,600
Total Assessment
$520,600
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Stuyvesant Yale, LLC.
1163-1167 E State St
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