For sale

Price cut: $50K (11/6)

$899,999

724 Division St, Trenton, NJ 08611

7beds

6baths

4,905sqft

Est.:

Multi Family

Built in 1897

-- sqft lot

$847,600 Zestimate^®

$183/sqft

$-- HOA

What's special

Parking lot

Introducing 724 Division Street, a turnkey 6-unit commercial/multifamily property located in the heart of Trenton, NJ. This well-maintained investment opportunity offers a strong in-place rent roll, additional parking income, and minimal owner expenses — ideal for investors seeking reliable cash flow and long-term asset appreciation. Fantastic investment opportunity! Five units are 1 bed/1 bath, and the sixth unit is a 2 bed/1 bath. Parking lot currently rented for $750/month, bringing total gross monthly income to $8,796. Annual net income of $82,244 after expenses with a 9.1% cap rate! !!!!!!Estimated Section 8 rents could generate $10,050/month, producing an annual net income of $106,292 after expenses and an impressive 11.19% cap rate! Excellent cash flow and strong upside potential!!!!!!! (CALL Andrei Gayed or David Beaty for more information and to schedule a tour & to see the Pro Forma made for this property)

53 days

364

16

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 6

Heating

Radiator, Oil

Cooling

None

Appliances

Included: Water Heater

Features

Has fireplace: No

Interior area

Total structure area: 4,905
Total interior livable area: 4,905 sqft

Property

Parking

Parking features: On Street, Parking Lot
Has uncovered spaces: Yes

Accessibility

Accessibility features: None

Features

Pool features: None

Details

Additional structures: Above Grade
Parcel number: 111930200025
Zoning: RESIDENTIAL
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family

Materials

Frame
Foundation: Other

Condition

New construction: No
Year built: 1897

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Trenton
Municipality: TRENTON CITY

Financial & listing details

Price per square foot: $183/sqft
Tax assessed value: $191,500
Annual tax amount: $11,108
Date on market: 10/29/2025
Listing agreement: Exclusive Agency
Listing terms: Cash,Other,Private Financing Available
Ownership: Fee Simple

Estimated market value

$847,600

$805,000 - $890,000

$2,564/mo

Price history

Date	Event	Price
11/6/2025	Price change	$899,999-5.3%$183/sqft
Source: Bright MLS #NJME2069098 Report a problem
10/29/2025	Listed for sale	$950,000$194/sqft
Source: Bright MLS #NJME2069098 Report a problem