424 Trenton Rd, Browns Mills, NJ

Real Estate

For Sale

Listed price in listed location currency (USD).

$1,200,000

000

MLS® NJBL2096332

Key Facts
Description
Map

Key Facts

Type Other

Levels Residential Income

Size 6000 sqft

Garage No

HOA Fees $7,155

Taxes $14,782

Days Active 171

Approx. Age 1966

Avg. Price Per Sqft $200

MLS® Number NJBL2096332

Property Address: 424 Trenton Rd, Browns Mills, NJ, 08015-1000

Average square foot calculated using Size range provided by listing agent.

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.

MLS® NumberNJBL2096332

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry LevelHas Laundry

Exposure

Exterior

GarageNo

Approx. Age1966

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

All appliances in as-is condition with no monetary value

Price History

-End Date

Not Sold YetSold Price

For Sale

Sep 19, 2025List Date

$1,200,000List Price

Commute

Commute

Starting Address

Destination Address

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