424 Trenton Rd, Browns Mills, NJ 08015
Local realty services provided by:Better Homes and Gardens Real Estate Maturo
Listed by: lukasz boczniewicz
Office: keller williams real estate-langhorne
MLS#:NJBL2096332
Source:BRIGHTMLS
Price summary
- Price:$1,200,000
- Price per sq. ft.:$200
About this home
Presenting a high-yield, stabilized investment opportunity at 424 Trenton Road. This 9-unit multifamily property is now 100% fully occupied and generating a confirmed 7.58% Cap Rate on actuals at the current asking price. We have moved past "pro-forma" projections; this asset offers immediate, proven cash flow from day one. Situated in a quiet, wooded setting in Browns Mills, the property offers convenient access to local amenities and major regional employers, including the nearby Joint Base McGuire-Dix-Lakehurst, ensuring consistent demand from a diverse tenant pool.
The heavy lifting has already been completed with major capital improvements, including a brand new septic system installed in 2021 and renovations on 7 of the 9 units. With the final unit recently leased, the property is fully stabilized with a strong, diverse unit mix consisting of two studios, four 1-bedroom units, two 2-bedroom units, and one 3-bedroom main house. The unique 5-building "village" configuration provides tenants with a private, residential feel that minimizes noise transfer and maximizes retention—a distinct competitive advantage over typical block-style apartments.
BONUS VALUE-ADD: The property includes a 6th, standalone building (formerly 4 units verified in tax collectors records) currently in shell condition with water, gas, and electric run to the structure. This building is not connected to the new septic system and is offered strictly "as-is" with no representation of future use. It represents significant potential upside for a buyer willing to navigate township approvals for parking/septic independently, but the sale is not contingent on this development potential. Ideally situated for a 1031 Exchange or an investor seeking immediate yield with a "free option" for future expansion. Clean exit required; no seller financing available.
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Home facts
- Year built:1966
- Listing ID #:NJBL2096332
- Added:102 day(s) ago
- Updated:December 31, 2025 at 02:31 PM
Rooms and interior
- Bedrooms:11
- Living area:6,000 sq. ft.
Heating and cooling
- Cooling:Central A/C, Window Unit(s)
- Heating:Baseboard - Electric, Electric, Forced Air, Natural Gas
Structure and exterior
- Roof:Architectural Shingle, Flat
- Year built:1966
- Building area:6,000 sq. ft.
- Lot area:4.33 Acres
Utilities
- Water:Public
- Sewer:Private Septic Tank, Septic Exists
Finances and disclosures
- Price:$1,200,000
- Price per sq. ft.:$200
- Tax amount:$14,782 (2024)
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