424 Trenton Rd, Browns Mills, NJ 08015
Local realty services provided by:ERA Liberty Realty
Listed by: lukasz boczniewicz
Office: keller williams real estate-langhorne
MLS#:NJBL2096332
Source:BRIGHTMLS
Price summary
- Price:$1,200,000
- Price per sq. ft.:$200
About this home
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....
Contact an agent
Home facts
- Year built:1966
- Listing ID #:NJBL2096332
- Added:196 day(s) ago
- Updated:April 04, 2026 at 01:37 PM
Rooms and interior
- Bedrooms:11
- Flooring:Ceramic Tile, Hardwood, Laminated, Luxury Vinyl Plank
- Basement:Yes
- Basement Description:Daylight, Full
- Living area:6,000 sq. ft.
Heating and cooling
- Cooling:Central A/C, Window Unit(s)
- Heating:Baseboard - Electric, Electric, Forced Air, Natural Gas
Structure and exterior
- Roof:Architectural Shingle, Flat
- Year built:1966
- Building area:6,000 sq. ft.
- Lot area:4.33 Acres
- Architectural Style:Colonial, Ranch/Rambler, Traditional
- Construction Materials:Frame
- Foundation Description:Block, Crawl Space
Utilities
- Water:Public
- Sewer:Private Septic Tank, Septic Exists
Finances and disclosures
- Price:$1,200,000
- Price per sq. ft.:$200
- Tax amount:$14,782 (2024)
Features and amenities
- Amenities:100 Amp Service, 200+ Amp Service, Cable TV Available, Carbon Monoxide Detector(s), Electric Available, Natural Gas Available, Phone Available, Smoke Detector
Parking
- Parking description:Asphalt Driveway
New listings near 424 Trenton Rd
- Coming Soon
$450,000Coming Soon2 beds 3 baths2122 Hanover Blvd, BROWNS MILLS, NJ 08015
MLS# NJBL2108732Listed by: RE/MAX EXECUTIVE REALTY-PEMBERTON - Coming Soon
$350,000Coming Soon3 beds 2 baths3 Circle Dr, BROWNS MILLS, NJ 08015
MLS# NJBL2108702Listed by: SCHNEIDER REAL ESTATE AGENCY - New
$395,000Active4 beds 2 baths1,972 sq. ft.1102 Evergreen Blvd, BROWNS MILLS, NJ 08015
MLS# NJBL2108766Listed by: REAL BROKER, LLC - New
$398,000Active4 beds 2 baths1,376 sq. ft.2 Topeka Ln, BROWNS MILLS, NJ 08015
MLS# NJBL2108744Listed by: PRIME REALTY PARTNERS - New
$349,900Active3 beds 1 baths1,300 sq. ft.177 Daniels Ave, BROWNS MILLS, NJ 08015
MLS# NJBL2108748Listed by: EXP REALTY, LLC - New
$345,000Active3 beds 2 baths1,564 sq. ft.Address Withheld By Seller, BROWNS MILLS, NJ 08015
MLS# NJBL2108536Listed by: KELLER WILLIAMS REALTY MONMOUTH/OCEAN - Coming Soon
$329,000Coming Soon3 beds 1 baths600 Arlene Dr, BROWNS MILLS, NJ 08015
MLS# NJBL2108540Listed by: RE/MAX EXECUTIVE REALTY-PEMBERTON - Coming Soon
$515,000Coming Soon3 beds 2 baths82 Tensaw Dr, BROWNS MILLS, NJ 08015
MLS# NJBL2108444Listed by: SCHNEIDER REAL ESTATE AGENCY - New
$375,000Active3 beds 1 baths2,068 sq. ft.7 S Carolina Rd, BROWNS MILLS, NJ 08015
MLS# NJBL2108598Listed by: WEICHERT REALTORS-MEDFORD - New
$450,000Active4 beds 3 baths2,200 sq. ft.428 Pardee Blvd, BROWNS MILLS, NJ 08015
MLS# NJBL2108422Listed by: KELLER WILLIAMS REALTY