399 W State St

$649,999
Price
Beds
Baths
4,500 Sq. Ft.
$144 / Sq. Ft.
4,500
Sq. Ft.
$144
per Sq. Ft.

Description

Renovated 5 unit building in a great location. All the units are well sized and the property has it's own private parking lot. Potential to make upgrades and increase rental rates or re-lease apartments to new tenants if the owner chooses to do so. This building rarely has an empty unit. If you are looking for a property that is a reliable income producer, look no further.Renovated 5 unit building in a great location. All the units are well sized and the property has it's own private parking lot. Potential to make upgrades and increase rental rates or re-lease apartments to new tenants if the owner chooses to do so. This building rarely has an empty unit. If you are looking for a property that is a reliable income producer, look no further.
  1. Listed by Dennis J. Massimo • Turning Point Real Estate
    P: (609)-759-1125 justin@tprebrokers.com

Property Details for 399 West State Street

Tax ID Number
11-02902-00001 01
Ownership
Fee Simple
Condo Coop Association
No
HOA
No
Structure Type
Detached
Style
Tudor
Waterfront
No
Garage
No
LISTING UPDATED: 12/12/2025 03:26 PM

Property Details for 399 West State Street

StatusPending
MLS #NJME2063784
Days on Market118
Taxes$11,027 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1940
Lot Size0.50 AC / 21,780 SF
CountyMercer County

Location

Listing Courtesy of Turning Point Real Estate
Add your commute

Building Information for 399 West State Street

Stories-Residences4Year Built1940Building Size-Lot Size0.50 AC / 21,780 SF

Payment Calculator

$4,131 per month

30 year fixed, 6.28% Interest

Principal and Interest

$3,212

Property Taxes

$919

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 399 West State Street

Location
Location
  • School District Name: TRENTON PUBLIC SCHOOLS
  • School District County ID: 300200396606
  • SchoolDistrictSource: Listing Agent
  • High School: TRENTON CENTRAL H.S. (MERCER NJ)
  • HighSchoolSource: Listing Agent
  • County: MERCER
  • MLS Area: Trenton City (21111)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Property Manager Y/N: No
  • Senior Community: No
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $190,100
  • County Tax: $0
  • Improvement Assessed Value: $109,300
  • Tax Opportunity Zone Y/N: No
  • Land Assessed Value: $80,800
  • Clean Green Assessed: No
  • Municipal Trash: No
  • Loss Mitigation Fee: No
  • Historic: No
  • Zoning: COMMERCIAL
  • Tax Lot: 00001 01
  • School Tax: $0
  • Tax Page Number: 1584
  • Automatically Update Tax Values Y/N: No
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Pets Allowed: No
  • Smoking Allowed: No
  • Owner Pays: None
  • Lease Renewal Option: No
  • Lease In Effect: No
  • Rent Spree Online Application: No
  • Rent Control: No
  • Buildout Allowance Y/N: false
  • Section 8 Approved: true
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 4
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2
  • Units Furnished: None
  • Units Leased Count: 5
  • Number Of Units Vacant: 0
  • Vacancy Allowance Rate: 5.00%
  • Rent Control: No
Rooms
Main
  • # Bedrooms Count Main Level: 0
  • # Bathrooms Count Main Level: 0
  • # Bathrooms Full Main Level: 0
  • # Bathrooms Half Main Level: 0
Rooms
  • Stories: Main
Multi Family
Unit 1
  • Type: Unit 2
  • Unit Type Occupied YN: No
Unit 2
  • Type: Unit 1
  • Unit Type Occupied YN: No
Financial Information
Expenses
  • Operating Expense Includes: Parking
  • Water Avg Month: $100
  • Water Prev 12 Months: $1,200
  • Electric Avg Month: $100
  • Electric Prev 12 Months: $1,200
Financial Information
  • Gross Income: $72,000
  • Gross Scheduled Income: $72,000
  • Net Operating Income: $60,000
  • Annual Rental Income: $72,000
  • Income Includes: Apartment Rentals
  • Cap Rate: 8.00
  • Existing Lease Type: Net
Building Info
Green Info
  • Green Verification: No
Building Info
  • Year Major Reno Remodel: 2017
  • Building Units Total: 4
Lot / Land Information
Farm Information
  • Crops Included: No
  • Habitable Residence: No
  • Irrigation Water Rights: No
  • Farm Land Preservation Y/N: No
Lot / Land Information
  • Lot Size Source: Estimated
  • Fencing Y/N: No
  • Sign On Property: No
  • Parcel ID: 2148678
  • Additional Parcels: No
  • Ground Rent Exists: No
  • Land Lease: No
Parking
Parking
  • Type Of Parking: Driveway
  • Attached Garage: No
  • Open Parking: No
Interior Features
Interior Features
  • View: No
  • Fireplace: No
  • Appliances: Range Hood, Refrigerator, Oven/Range - Electric
  • Accessibility Features: None
  • Door Features: Atrium, Six Panel, Insulated
  • Laundry Type: None
Exterior Features
Exterior Features
  • Spa: No
  • Access To Pool Y/N: No
  • Pool: No Pool
  • Pool Private: No
  • Horse: No
  • Other Structures: Above Grade
Utilities
Utilities
  • Utilities: Cable TV
  • Heating: Yes
  • Cooling: No
  • Cooling Type: Heat Pump(s), Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric On Property: No
  • Electric Service: 120/240V
  • Internet Services: Cable, Fiber Optic

Property History for 399 West State Street

DateEvent & SourcePriceAppreciation
Dec 12, 2025

Pending

BRIGHT #NJME2063784

Aug 17, 2025

Listed (Active)

BRIGHT #NJME2063784

$649,999
DateEvent & SourcePrice
12/12/2025

Pending

BRIGHT #NJME2063784

08/17/2025

Listed (Active)

BRIGHT #NJME2063784

$649,999

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 399 West State Street

Taxable ValueLand$80,800Additions$109,300Total$190,100
Tax Record2024$11,028 ($919 / month)
Home Facts
Total Finished SqFt4,239 SqFtAbove Grade Finished SqFt4,239 SqFtStories2Lot Size20,200 SqFtStyleMiscellaneous CommercialYear Built1950CountyMERCERAPN11 02902-0000-00001- 01

Schools near 399 West State Street

This home is within Trenton Public School District.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - 4 to 6
Public - 7 to 8
Public - 10 to 12
Rating
School
Distance
Cadwalader Elementary School
PublicK to 3

Joyce Kilmer Elementary School
Public4 to 6

Holland Middle School
Public7 to 8

Trenton Central High School
Public10 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Turning Point Real Estate

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.