Property Description

Multifamily investment opportunity in the heart of Princeton! 4 of 5 units currently occupied, generating $67,800 in gross annual rent ($5,650/month) from in-place tenants. Unit mix: (1) 1BA – leased $1,300/mo, (2) 2BR/1BA – leased $1,700/mo, (3) 1BA – leased $1,400/mo, (4) 3BR/1BA – vacant, $2,000/mo market rent, (5) 1BA – leased $1,250/mo. The vacant unit offers immediate upside — move in, owner-occupy, or lease up to bring total potential gross rent to $91,800/year. Oil heat, landlord-paid. Building offers 5,654 SF with 9 bedrooms and 5 bathrooms total. 2025 operating expenses: taxes $8,305.96, insurance $7,607.80, electric $641.82, heating & cooling $7,939.35, water & sewer $420. Recent nearby multifamily sales range from $200–$284 per square foot, underscoring strong demand for well-positioned multifamily assets in this market. Don't miss this opportunity to acquire a mostly-leased, cash-flowing multifamily property with immediate upside. Buyer to do due diligence.