1048-1052 Prospect, Ewing, NJ 08638
Local realty services provided by:ERA OakCrest Realty, Inc.
1048-1052 Prospect,Ewing, NJ 08638
$801,000
- 7 Beds
- - Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: sita philion
Office: redfin
MLS#:NJME2076358
Source:BRIGHTMLS
Sorry, we are unable to map this address
Price summary
- Price:$801,000
About this home
This high-yield, income-producing estate offers a rare triple-stream revenue opportunity set on a sprawling, lush one-acre lot. Comprising a meticulously maintained main house (two spacious 3BR, 1.5BA units) and a stunning newly reconstructed detached cottage. This property is a turn-key powerhouse for investors or owner-occupants seeking significant rental income. The Residences Unit 1050 & 1052 (Main House): Each unit features a generous 3-bedroom, 1.5-bathroom layout. These units have been systematically upgraded with modern comforts, including central air conditioning, updated electrical (removed knob and tube), and insulated attic. Unit 1050 boasts a luxury kitchen updated with a Viking range and hood, plus radiant floor heating, Updated Bathrooms including a Toto Washlet. Unit 1048 (The Cottage): The crown jewel of the property went through a comprehensive three-year studs-up reconstruction in (2021–2023). This legal rental features vaulted ceilings, mini-duct HVAC, New cabinetry, premium finishes and a private basement for tenant storage—a rare amenity that commands top- tier rent. Exceptional infrastructure & recent upgrades, this property was curated with a “maintenance-first” philosophy, ensuring low carrying costs for years to come. Exterior & Building Envelope: Full exterior refinishing with energy-efficient vinyl shingles over new insulation, French drains, and blue stone-covered front steps. Mechanicals: A systematic replacement of water heaters across all units in (2018–2024), furnace repairs with new water feeders, and a new boiler (2010). Safety & Compliance: Fully updated to code with a hard-wired fire alarm network throughout the main house and Cottage. Outdoor Living: Professional landscaping including blue stone patio extensions, new metal railings, and a massive one-acre yard that provides rare privacy for a multi-family site. Investment Snapshot Revenue: Three distinct units with rents ranging from $2,200 to $3,000+ per month. Value Add: The oversized one-acre lot and separate cottage footprint offer long-term land value and privacy that standard multi-families cannot match. Whether you are looking for a rock-solid addition to your portfolio or a multi-generational living solution, 1048-1052 Prospect Street delivers modern luxury backed by rigorous mechanical updates. Rent Growth: Rents in Ewing have increased by 9.09% to 16% year-over-year as of April 2026. Stop looking for “fixer-uppers” and start collecting $7,000+ in gross monthly revenue from day one. We have received multiple offers on the property. The seller is requesting highest and best offers by Monday, May 11, at 5:00 PM.
Please submit your highest and best offer as a full contract with all documents signed...
Contact an agent
Home facts
- Year built:1914
- Listing ID #:NJME2076358
- Added:55 day(s) ago
- Updated:June 29, 2026 at 05:41 PM
Rooms and interior
- Bedrooms:7
- Flooring:Vinyl, Wood
- Kitchen Description:Dishwasher, Oven/Range - Gas, Refrigerator
Heating and cooling
- Cooling:Ceiling Fan(s), Central A/C, Ductless/Mini-Split, Multi Units
- Heating:Natural Gas, Radiator, Wall Unit
Structure and exterior
- Roof:Shingle
- Year built:1914
- Architectural Style:Colonial, Cottage
- Construction Materials:Brick, Vinyl Siding
- Foundation Description:Brick/Mortar, Concrete Perimeter
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$801,000
- Tax amount:$14,174 (2025)
New listings near 1048-1052 Prospect
- Coming Soon
$399,990Coming Soon3 beds 2 baths17 Hazelhurst Ave, EWING TWP, NJ 08638
MLS# NJME2079646Listed by: JASON MITCHELL REAL ESTATE NEW JERSEY, LLC - New
$319,900Active2 beds 2 baths1,291 sq. ft.75 Kyle Way, EWING, NJ 08628
MLS# NJME2079674Listed by: NJ REAL ESTATE BOUTIQUE, LLC - New
$325,000Active2 beds 2 baths1,253 sq. ft.38 Kyle Way, EWING, NJ 08628
MLS# NJME2079630Listed by: ACTION USA JAY ROBERT REALTORS - New
$351,000Active2 beds 2 baths1,419 sq. ft.434 Masterson Ct, EWING, NJ 08618
MLS# NJME2079718Listed by: CALLAWAY HENDERSON SOTHEBY'S INT'L-PRINCETON - Coming Soon
$399,000Coming Soon2 beds -- baths188 W Ingham, TRENTON, NJ 08638
MLS# NJME2079668Listed by: BETTER HOMES AND GARDENS REAL ESTATE MATURO - New
$800,000Active3 beds 4 baths4,832 sq. ft.489 Grand Ave, EWING, NJ 08628
MLS# NJME2079610Listed by: KELLER WILLIAMS REAL ESTATE-LANGHORNE - New
$500,000Active3 beds 3 baths2241 Spruce St, Ewing Twp., NJ 08638
MLS# 4036360Listed by: RE/MAX INSTYLE - New
$265,000Active2 beds 1 baths912 sq. ft.3 Kirk Ave, EWING, NJ 08638
MLS# NJME2078880Listed by: EXP REALTY, LLC - New
$599,000Active4 beds 3 baths3,348 sq. ft.2 Wilburtha Rd, TRENTON, NJ 08628
MLS# NJME2078794Listed by: QUEENSTON REALTY, LLC - New
$424,000Active5 beds 3 baths2,274 sq. ft.22 Forest Ln, Ewing Twp., NJ 08628
MLS# 4036274Listed by: EXP REALTY, LLC