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For sale
  • $1,200,000

    424 Trenton Rd, Browns Mills, NJ 08015

    4beds
    4baths
    6,000sqft
    : 
    Multi Family
    Built in 1966
    -- sqft lot
    $-- Zestimate®
    $200/sqft
    $-- HOA

    What's special

    Quiet wooded settingMinimizes noise transfer
    Presenting a high-yield, stabilized investment opportunity at 424 Trenton Road. This 9-unit multifamily property is now 100% fully occupied and generating a confirmed 7.58% Cap Rate on actuals at the current asking price. We have moved past "pro-forma" projections; this asset offers immediate, proven cash flow from day one. Situated in a quiet, wooded setting in Browns Mills, the property offers convenient access to local amenities and major regional employers, including the nearby Joint Base McGuire-Dix-Lakehurst, ensuring consistent demand from a diverse tenant pool. The heavy lifting has already been completed with major capital improvements, including a brand new septic system installed in 2021 and renovations on 7 of the 9 units. With the final unit recently leased, the property is fully stabilized with a strong, diverse unit mix consisting of two studios, four 1-bedroom units, two 2-bedroom units, and one 3-bedroom main house. The unique 5-building "village" configuration provides tenants with a private, residential feel that minimizes noise transfer and maximizes retention—a distinct competitive advantage over typical block-style apartments. BONUS VALUE-ADD: The property includes a 6th, standalone building (formerly 4 units verified in tax collectors records) currently in shell condition with water, gas, and electric run to the structure. This building is not connected to the new septic system and is offered strictly "as-is" with no representation of future use. It represents significant potential upside for a buyer willing to navigate township approvals for parking/septic independently, but the sale is not contingent on this development potential. Ideally situated for a 1031 Exchange or an investor seeking immediate yield with a "free option" for future expansion. Clean exit required; no seller financing available.
    191 days
    |
    704
    |
    28
    |

    Zillow last checked: 7 hours ago

    Listing updated: December 12, 2025 at 08:52pm

    Listed by:

    Lukasz Boczniewicz 267-679-1659,

    Keller Williams Real Estate-Langhorne,

    Listing Team: Ariella + Lukasz Realty Group

    Source: Bright MLS,MLS#: NJBL2096332MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      Heating
      • Baseboard, Forced Air, Electric, Natural Gas
      Cooling
      • Central Air, Window Unit(s), Electric
      Appliances
      • Included: Electric Water Heater, Water Heater, Gas Water Heater
      • Laundry: Has Laundry
      Features
      • Dry Wall
      • Flooring: Ceramic Tile, Hardwood, Laminate, Luxury Vinyl
      • Doors: Six Panel
      • Basement: Full
      • Number of fireplaces: 2
      Interior area
      • Total structure area: 6,000
      • Total interior livable area: 6,000 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 15
      • Parking features: Asphalt, Driveway
      • Uncovered spaces: 15
      Accessibility
      • Accessibility features: None
      Features
      • Pool features: None
      • Has view: Yes
      • View description: Trees/Woods
      Lot
      • Size: 4.33 Acres
      • Features: Sandy
      Details
      • Additional structures: Above Grade
      • Parcel number: 290052600001 01
      • Zoning: RESIDENTIAL
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Traditional,Colonial,Ranch/Rambler
      • Property subtype: Multi Family
      Materials
      • Frame
      • Foundation: Block, Crawl Space
      • Roof: Architectural Shingle,Flat
      Condition
      • Good
      • New construction: No
      • Year built: 1966
      • Major remodel year: 2021

      Utilities & green energy

      • Electric: 100 Amp Service, 200+ Amp Service
      • Sewer: Private Septic Tank, Septic = # of BR, Septic Exists
      • Water: Public
      • Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available, Fiber Optic

      Community & HOA

      Community
      • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
      Location
      • Region: Browns Mills
      • Municipality: PEMBERTON TWP

      Financial & listing details

      • Price per square foot: $200/sqft
      • Tax assessed value: $482,300
      • Annual tax amount: $14,782
      • Date on market: 9/19/2025
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Conventional,Cash
      • Inclusions: All Appliances In As-is Condition With No Monetary Value
      • Exclusions: Tenant's Personal Property
      • Ownership: Fee Simple
      • Total actual rent: 143100
      • Income includes: Apartment Rentals

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,198/mo

        Price history

        Price history
        DateEventPrice
        10/7/2025Price change$1,200,000-5.9%$200/sqft
        Source: Bright MLS #NJBL2096332 Report a problem
        9/19/2025Listed for sale$1,275,000+285.2%$213/sqft
        Source: Bright MLS #NJBL2096332 Report a problem
        1/24/2018Sold$331,000-17%$55/sqft
        Source: Public Record Report a problem
        9/25/2017Listed for sale$399,000+262.7%$67/sqft
        Source: BHHS Fox & Roach-Medford #7058568 Report a problem
        1/11/1994Sold$110,000$18/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$14,783 +6.6%$482,300
        2024$13,871 $482,300
        2023-- $482,300
        2022$12,839 +4.3%$482,300
        2021$12,313 +8.5%$482,300
        2020$11,349 +3.5%$482,300
        2019$10,963 +2.1%$482,300
        2018$10,736 +0.8%$482,300
        2017$10,646 +0.8%$482,300 +69.3%
        2016$10,560 +4.6%$284,800
        2015$10,096 +0.1%$284,800
        2014$10,082 $284,800

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $8,059/mo
        Principal & interest
        $6109
        Property taxes
        $1950
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          Climate risks

          Neighborhood: 08015

          Getting around

          5 / 100
          Car-Dependent
          30 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • District: Pemberton Township 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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