220 East Hanover Street

Trenton, NJ 08608

$465,000
Price
5
Beds
5
Baths
4,151 Sq. Ft.
$112 / Sq. Ft.
4,151
Sq. Ft.
$112
per Sq. Ft.

Description

Five units fully occupied in a prime downtown location, merely a block from the stately Capital Building. An additional unit awaits your vision - convert to a spacious 2 bedroom residence or a bustling commercial space, as zoning allows. This convenient location means tenants are just a short stroll from the train station. The owner covers sewage and water, while tenants pay electric and heat separately. All leases have expired, opening the door to bringing rents up to current market rates. The layout...Five units fully occupied in a prime downtown location, merely a block from the stately Capital Building. An additional unit awaits your vision - convert to a spacious 2 bedroom residence or a bustling commercial space, as zoning allows. This convenient location means tenants are just a short stroll from the train station. The owner covers sewage and water, while tenants pay electric and heat separately. All leases have expired, opening the door to bringing rents up to current market rates. The layout showcases the property's versatility. Unit 1 is a cozy studio. Unit 2 offers 1 bedroom. Unit 3 is a 2 bedroom. Unit 4 provides 1 bedroom. Unit 5 gives you 1 bedroom. And Unit 6? That's up to you - maximize it as a 2 bedroom apartment or commercial unit. This turnkey investment comes ready to reimagine, reinvent and revitalize. Act now to make it yours!
  1. Listed by Karla Roman • Weichert Realtors-Princeton Junction
    P: 3473012200 mskarlaroman@gmail.com

Property Details for 220 East Hanover Street

Tax ID Number
11-00604-00014
Ownership
Fee Simple
Structure Type
Twin/Semi-Detached
Style
Other
Waterfront
No
Garage
No
Municipality
TRENTON CITY
Central Air
No

Location

Listing Courtesy of Weichert Realtors-Princeton Junction
Add your commute
LISTING UPDATED: 04/17/2024 01:39 PM

Property Details for 220 East Hanover Street

StatusActive
MLS #NJME2040448
Days on Market51
Taxes$13,060 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1950
Lot Size0.06 AC / 2,500 SF
CountyMercer County

Location

Listing Courtesy of Weichert Realtors-Princeton Junction
Add your commute

Building Information for 220 East Hanover Street

Stories-Residences4Year Built1950Building Size-Lot Size0.06 AC / 2,500 SF

Payment Calculator

$3,626 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,538

Property Taxes

$1,088

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 220 East Hanover Street

Location
Location
  • Transportation: Bus Stop less than 1 mile
  • School District Name: TRENTON PUBLIC SCHOOLS
  • School District County ID: 300200396606
  • SchoolDistrictSource: 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
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $239,300
  • Year Assessed: 2022
  • County Tax: $0
  • City Town Tax: $0
  • Clean Green Assessed: No
  • Land Use Code: 0
  • Zoning: HIST
  • Tax Lot: 00014
  • School Tax: $0
  • Automatically Update Tax Values Y/N: No
Lease Information
Lease Information
  • Owner Pays: Water, Insurance
Unit Information
Unit Information
  • Single Room Units Count: 1
  • One Bedroom Units Count: 3
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
  • Units Leased Count: 5
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Lease Type: Month to Month
  • Beds Total: 0
  • Full Baths Count: 1
  • Total Rooms: 1
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Beds Total: 1
  • Full Baths Count: 1
  • Total Rooms: 4
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Lease Type: Month to Month
  • Beds Total: 2
  • Full Baths Count: 1
  • Total Rooms: 5
Unit 4
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Lease Type: Month to Month
  • Beds Total: 1
  • Full Baths Count: 1
  • Total Rooms: 4
Unit 5
  • Type: Unit 5
  • Unit Type Occupied YN: Yes
  • Level: 3
  • Unit Type Lease Type: Month to Month
  • Beds Total: 1
  • Full Baths Count: 1
  • Total Rooms: 4
Unit 6
  • Type: Unit 6
  • Unit Type Occupied YN: No
  • Beds Total: 0
  • Unit Type Features: Basement - as per town can be use as a 2 bedroom unit or commercial space.
Financial Information
Financial Information
  • Annual Rental Income: $56,400
  • Existing Lease Type: Month to Month
Building Info
Building Info
  • Building Level Count: 3
  • Building Units Total: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Parcel ID: 2147080
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Mid Jersey Association of REALTORS

Property History for 220 East Hanover Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 220 East Hanover Street

Taxable ValueLand$120,000Additions$119,300Total$239,300
Tax Record2022$13,061 ($1,088 / month)
Home Facts
Total Finished SqFt4,151 SqFtAbove Grade Finished SqFt4,151 SqFtStories3Lot Size2,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningHISTCountyMERCERAPN11 00604-0000-00014

Schools near 220 East Hanover Street

This home is within Trenton Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 10 to 12
Rating
School
Distance
Grant Elementary School
PublicPK to 5

Luis Munoz Rivera Elementary School
Public6 to 8

Trenton Central High School West
Public9 to 12

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.

Similar Homes

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220 East Hanover Street is a multi-family home for sale in Trenton, NJ 08608. This property was listed for sale on March 7, 2024 by Weichert Realtors-Princeton Junction, it's currently listed at $465,000. It has been on the market for a total of 51 days and was last sold on July 6, 2017. This listing's school district is Trenton Public School District. Nearby schools include Grant Elementary School, Luis Munoz Rivera Elementary School and Trenton Central High School West. 220 East Hanover Street is a 5-bed, 5-bath, 4,151 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Weichert Realtors-Princeton Junction

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board 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, Greator Scranton Board 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.