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Newly Constructed Two-Story 3-Building Duplex 29 Dover Ave 6 Unit Apartment Building $1,800,000 ($300,000/Unit) 6.45% Cap Rate Ewing, NJ 08638

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INVESTMENT HIGHLIGHTS

  • Brand New Construction - Delivered with CO on or About March 1st, 2026
  • Units will come furnished with Range Stove, Refrigerator, Microwave, Dishwasher, Washer & Dryer, & Tankless Instant Water Heater.
  • Each Unit is Separately Metered.
  • 6 Units - 2 Bed / 1.5 Bathroom Floor Plans with Living Room Area, Kitchen Area, Dining Room Area & Private Backyard Are for Each Unit.
  • Each Unit will have a Super-Efficient 14 Seer Aire Flo HVAC Unit.
  • 9 Private Parking Spaces with One EV charger per unit, 6 Total - Powered from each individual unit.

EXECUTIVE SUMMARY

BRAND NEW TO THE MARKET!
29-39 Dover Avenue, Ewing, NJ 08638
Newly Constructed Two-Story 3-Building Duplex Development Project Totaling 6 Units for Sale
Building will be delivered with CO on or about March 1st, 2026.
FOR SALE:
» Asking Price: $1,800,000.00
» Projected NOI: $116,132.28
» Projected CAP Rate: 6.45%
» Estimated Delivery Date: March 1, 2026
UNIT INFORMATION:
• 6 Modern Units - (3 Buildings) – Each Building is 2,138 SF – Total SF is 6,414 SF.
• Each Unit is a total of 871 SF of Livable Space with a Porch Area of 198 SF.
o First Floor: 453 SF
o Second Floor: 418 SF
o Covered Porch: 97 SF
o Open Porch: 101 SF
o Total SF: 1,069 SF
• Each Unit has 2 Bed / 1 and a Half Bathroom Floor Plans with Living Room Area, Kitchen Area, & Dining Room Area.
• Units will come furnished with Range Stove, Refrigerator, Microwave, Dishwasher, Washer & Dryer, & Tankless Instant Water Heater.
• Each Unit will have a Super-Efficient 14 Seer Aire Flo HVAC Unit.
• 9 Private Parking Spaces with One EV charger per unit, 6 Total - Powered from each individual unit.
• Additional paved area currently unstriped and not approved but potential for overflow parking in the future.
• Private Backyard Area for Each Unit.
Please see Offering Memorandum for additional information and projected financials.
Reach out to Matt Miller - Legacy Commercial Realty
Cell: 908-770-0686
Email: matt@legacyrealtynj.com

PROPERTY FACTS

Price $1,800,000
Price Per Unit $300,000
Sale Type Investment
Cap Rate 6.45%
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class B
Lot Size 0.10 AC
Construction Status Under Construction
Building Size 6,414 SF
No. Stories 2
Year Built 2026
Parking Ratio 1.4/1,000 SF
Zoning OARA - Olden Avenue Redevelopment Zone (OARA).

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Tub/Shower
  • Smoke Free

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Car Charging Station
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1.5 6 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-00025-0000-00083-01
Land Assessment
$21,200
Improvements Assessment
$0
Total Assessment
$21,200
  • Listing ID: 38187515

  • Date on Market: 10/23/2025

  • Last Updated:

  • Address: 29 Dover Ave, Ewing, NJ 08638

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