Immediate investment opportunity for a highly-profitable, income producing, multi-family residential property in the historic capital city of Trenton. This three-apartment home is conveniently located close to an exit off of Route 29, shopping plazas, and the Delaware River. Tenants enjoy access to beautiful parks and tennis courts within a 5-minute walk, along with a common back yard. Each apartment conveniently has separate meters for utilities, and tenants have been responsible to pay their own heating, gas and electric utility bills. The ground-floor apartment has two bedrooms, each with an individual full bathroom, along with a Living room and dine-in kitchen. The second floor apartment offers two-bedrooms, each with an individual full bathroom, in addition to living room and dine-in kitchen. On the top floor is the third apartment, featuring one bedroom, one bathroom, and a dine-in kitchen area. The conservative rent potential for this multi-family property is $4,600 a month ($1,705for first-floor and $1,700 second-floor unit, and probable $1200 for the top-floor which is empty. Due to local housing needs and recent economic events, higher rents may be possible.
Sold for $440,000
$440,000
1116 W State St, Trenton, NJ 08618
5beds
--baths
2,278sqft
Triplex
Built in 1912
-- sqft lot
$474,300 Zestimate®
$193/sqft
$1,717 Estimated rent
Home value
$474,300
$451,000 - $498,000
$1,717/mo
Zestimate® history
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: November 03, 2025 at 04:58pm
Listed by:
JIMMY MANTUANO 609-330-6036,
Keller Williams Premier
Bought with:
Ms. Lisa Wilson, 1644252
Harkes Realty and Associates
Source: Bright MLS,MLS#: NJME2064034
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
Basement
- Area: 0
Heating
- Baseboard, Natural Gas
Cooling
- Wall Unit(s), Electric
Appliances
- Included: ENERGY STAR Qualified Refrigerator, Self Cleaning Oven, Gas Water Heater
Features
- Built-in Features, Crown Molding, Eat-in Kitchen, Bathroom - Tub Shower, Combination Kitchen/Dining, 9'+ Ceilings
- Flooring: Hardwood, Wood
- Windows: Bay/Bow, Wood Frames
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 2,278
- Total interior livable area: 2,278 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Patio & porch: Porch
- Pool features: None
Lot
- Size: 3,955 sqft
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 113240300007
- Zoning: RES
- Zoning description: Residential
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Triplex
Materials
- Brick
- Foundation: Block
Condition
- Excellent
- New construction: No
- Year built: 1912
- Major remodel year: 2022
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Motion Detectors, Exterior Cameras, Carbon Monoxide Detector(s)
Location
- Region: Trenton
- Subdivision: Cadwalader Heights
- Municipality: TRENTON CITY
HOA & financial
Other financial information
- Total actual rent: 55000
Other
Other facts
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Conventional,FHA,VA Loan
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 10/31/2025 | Sold | $440,000-7.4%$193/sqft |
Source:  Bright MLS #NJME2064034 Report a problem | ||
| 9/17/2025 | Contingent | $475,000$209/sqft |
Source: Bright MLS #NJME2064034 Report a problem | ||
| 8/26/2025 | Price change | $475,000+76%$209/sqft |
Source: Bright MLS #NJME2064034 Report a problem | ||
| 5/15/2022 | Pending sale | $269,900$118/sqft |
Source: Bright MLS #NJME2016722 Report a problem | ||
| 5/15/2022 | Listed for sale | $269,900+14.9%$118/sqft |
Source: Bright MLS #NJME2016722 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,017 +22.3% | $138,200 +22.3% |
| 2024 | $6,555 +4.5% | $113,000 |
| 2023 | $6,275 | $113,000 |
Find assessor info on the county website
Neighborhood: Berkeley Sq. & Parkside
Nearby schools
GreatSchools rating
- NAJoyce Kilmer Middle SchoolGrades: K-8Distance: 0.6 mi
- 1/10Trenton Central High School-9th Grade AcademyGrades: 9Distance: 2 mi
- 2/10Holland Middle SchoolGrades: 7-8Distance: 0.1 mi
Schools provided by the listing agent
- District: Trenton Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$474,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$474,300
- New Jersey
- Mercer County
- Trenton
- 08618
- Berkeley Sq. & Parkside
- 1116 W State St