30 Maclean Street presents a premier investment opportunity in the heart of Downtown Princeton. This recently renovated, low-rise apartment building spans three floors and includes 10 exceptionally maintained units. The property is securely positioned for strong rental upside and is served by a newly completed passenger elevator.
Situated on a quiet, tree-lined street with off-street parking for 10 cars, 30 Maclean Street is just a five-minute walk to downtown restaurants and nine minutes to the gates of Princeton University. The unit mix includes six two-bedroom units (five are two-level), two one-bedrooms, and two studios, with six private entrances that enhance tenant privacy. Four units are flat, offering ADA-compliant potential. Ranging from 640 to 1,300 square feet, the average unit size is approximately 900 square feet. Two units are approved for affordable housing, and the building's flexible layout allows for potential unit combinations.
Investors may benefit from converting the apartments into condominiums, using the property in a 1031 exchange, or as a retirement account investment. The property is located within the proposed Witherspoon-Jackson Historic District and offers owner-occupier potential as well. With proximity to Princeton University, community parks, the public library, and the Stockton Street corridor's retail and dining options, this asset combines location, quality, and multiple upside strategies in one of New Jersey's most desirable submarkets.