1163-1167 E State St - Apartments FOR SALE


Trenton, NJ 08609- Wilbur I
$1,500,000 USD
908-624-1222
1163-1167 E State St, Trenton, NJ for Sale
$1,500,000 USD
Apartments - FOR SALE
1/4
null | 7.67% Cap Rate

1163-1167 E State St
Trenton, NJ 08609
Wilbur I


HIGHLIGHTS

  • Corner positioning along East State Street enhances visibility and frontage on a highly traveled corridor.
  • Includes 10 apartment units plus ground-floor commercial tenants providing dual income streams.
  • Anchored by long-term tenants, including retail and restaurant/bar, ensuring occupancy stability.
  • Located within a dense business district near major thoroughfares for strong connectivity.
  • Public utilities and municipal services available, including sewer and water service.
  • On-site live-in manager and mixed-use configuration appeals to multiple investment strategies.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$123 USD /SF

# OF UNITS

12

PRICE/UNIT

$125,000

CAP RATE

7.67%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,251 SF

ZONING

Commercial Residential

APN/PARCEL ID

11-26701-0000-00001

ASK ABOUT THIS PROPERTY

Stephen BuchStuyvesant Yale, LLC.More Info
908-624-1222

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Stephen BuchStuyvesant Yale, LLC.More Info
908-624-1222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.