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Asking Price - $1,200,000
Days on Market - 89
424 Trenton Road
Browns Mills, NJ 08015
Featured Agent
EveryHome Realtor
Asking Price
$1,200,000
Days on Market
89
# of Units
4
1 Bdrm Units
4
2 Bdrm Units
2
3 Bdrm Units
1
Acres
4.33
Interior SqFt
6,000
Age
59
Heating
Natural Gas
Fireplaces
2
Cooling
Central A/C
Water
Public
Sewer
Private
Garages
0
Taxes (2024)
14,782
Additional Details Below
EveryHome Realtor
Views: 30
Featured Agent
EveryHome Realtor
Description
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.
Location
Driving Directions
From Center of Browns Mills when at intersection of Trenton Rd and Broadway St, follow Trenton Rd North, property is on right hand side, just past the Self Storage.
Listing Details
Summary
Architectural Type
•Traditional, Colonial, Ranch/Rambler
Parking
•Asphalt Driveway, Driveway
Interior Features
Flooring
•Ceramic Tile, Hardwood, Laminated, Luxury Vinyl Plank
Basement
•Daylight, Full, Block, Crawl Space
Utilities
Cooling
•Central A/C, Window Unit(s), Electric
Heating
•Baseboard - Electric, Forced Air, Electric, Natural Gas
Hot Water
•Electric, Multi-tank, Natural Gas
Sewer
•Private Septic Tank, Septic = # of BR, Septic Exists
Additional Utilities
•Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Water Available, Electric: 100 Amp Service, 200+ Amp Service
Property History
Oct 7, 2025
Price Decrease
$1,275,000 to $1,200,000 (-5.88%)
Miscellaneous
Lattitude : 39.987075
Longitude : -74.591917
MLS# : NJBL2096332
Views : 30
Listing Courtesy: Lukasz Boczniewicz of Keller Williams Real Estate-Langhorne
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Notes
Page: © 2025 EveryHome, Realtors, All Rights Reserved.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2025 Bright MLS, Inc.
Presentation: © 2025 EveryHome, Realtors, All Rights Reserved. EveryHome is licensed by the New Jersey Real Estate Commission - License 0901599
Real estate listings held by brokerage firms other than EveryHome are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.
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