30 Maclean St - Apartments FOR SALE


Princeton, NJ 08542- Downtown Princeton
$5,400,000 USD
609-913-2331
30 Maclean St, Princeton, NJ for Sale
$5,400,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

30 Maclean St
Princeton, NJ 08542
Downtown Princeton


HIGHLIGHTS

  • 30 Maclean Street is a renovated 10-unit apartment building with an elevator and off-street parking for 10 cars, just minutes from Downtown Princeton.
  • Strong rental upside potential with large units averaging 900 square feet and six private entrances enhancing tenant privacy and convenience.
  • Flexible investment options include a condo conversion, a 1031 exchange, or retirement account purchase in a prime university market.
  • Capitalize on a strong unit mix of two-bedroom, one-bedroom, and studio apartments, five duplexes, and four flats offering ADA-compliant potential.
  • Located in the proposed Witherspoon-Jackson Historic District, near Princeton University, community parks, and the Stockton Street corridor.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$600 USD /SF

# OF UNITS

10

PRICE/UNIT

$540,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1950

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R4

APN/PARCEL ID

14-00017-03-00073

ASK ABOUT THIS PROPERTY

Roland PottPott Real Estate LLCMore Info
609-913-2331

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Roland PottPott Real Estate LLCMore Info
609-913-2331

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