Sally Hammer

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724 DIVISION STREETTRENTON, NJ 08611

Multi-Family · 4,905 Sq. ft.
$890,000 ACTIVE

724 DIVISION STREET Overview

Time on Site:
244 days
Visits:
12

**MAKE SURE YOU ARE ON TIME TO ALL SHOWINGS, PROPERTY MANAGER WILL LEAVE AFTER 10 MINUTES OF BEING LATE**Introducing 724 Division Street, a turnkey 6-unit commercial/multifamily property located in the heart of Trenton, NJ. This well-maintained investment opportunity offers a strong in-place rent roll, additional parking income, and minimal owner expenses — ideal for investors seeking reliable cash flow and long-term asset appreciation. Fantastic investment opportunity! Five units are 1 bed/1 bath, and the sixth unit is a 2 bed/1 bath. Parking lot currently rented for $750/month, bringing total gross monthly income to $8,796. Annual net income of $82,244 after expenses with a 9.1% cap rate! !!!!!!Estimated Section 8 rents could generate $10,050/month, producing an annual net income of $106,292 after expenses and an impressive 11.19% cap rate! Excellent cash flow and strong upside potential!!!!!!! (CALL Andrei Gayed or David Beaty for more information and to schedule a tour & to see the Pro Forma made for this property)

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724 DIVISION STREET Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,905
  • Price/Sq.ft. $181

Details

General

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Pool: No Pool
  • Total SQFT: 4905
  • Year Built: 1897

Location/Region

  • Country: US
  • County: MERCER
  • County Or Parish: MERCER
  • MLS Area Major: Trenton City (21111)

Parking Information

  • Type of Parking: On Street,Parking Lot

Tax Information

  • Tax Annual Amount: $11,108.00
  • Tax Assessed Value: 191500.00
  • Tax Year: 2024

General Information

  • Property Sub Type: Other
  • Property Type: Multi-Family
  • School District Name: TRENTON PUBLIC SCHOOLS
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2024
  • Zoning: RESIDENTIAL

Unit Information

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

Interior

Building Information

  • Cooling Fuel: None
  • Heating Fuel: Oil

Parking Information

  • Garage: No

Building Exterior/Construction

  • Structure Type: Detached

Building Interior

  • Above Grade Finished Area: 4905
  • Above Grade Finished Area Source: Estimated
  • Above Grade Finished Area Units: Square Feet
  • Central Air: No
  • Hot Water: Oil

General Information

  • Accessibility Features: None
  • Cooling: None
  • Foundation Details: Other
  • Living Area: 4905
  • Living Area Source: Estimated
  • Stories Total: 3

Unit Information

  • One Bedroom Units Count: 5
  • Single Room Units Count: 0
  • Three Bedroom Units Count: 0
  • Two Bedroom Units Count: 1

Exterior

Lot Information

  • Lot Size Source: Estimated
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Other
  • Construction Materials: Frame

General Information

  • Number Of Units Total: 4
  • Other Structures: Above Grade
  • Sewer: Public Sewer
  • Water Access: No

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Total Rent: 1300.00
  • Beds Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Total Rent: 1300.00
  • Beds Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Total Rent: 1400.00
  • Beds Total: 1

Unit 4 Details

  • Unit Type: Unit 4
  • Total Rent: 1500.00
  • Beds Total: 2

Unit 5 Details

  • Unit Type: Unit 5
  • Total Rent: 1246.00
  • Beds Total: 1

Unit 6 Details

  • Unit Type: Unit 6
  • Total Rent: 1200.00
  • Beds Total: 1

724 DIVISION STREET Neighborhood

Community

08611 (TRENTON) Demographics

34
Median Age
8,682
Population Density (per sq. mile)
20%
College Educated
$39,958
Estimated Median Income
3,441
Estimated Total Home Owners
5,848
Estimated Total Renters
37% / 63%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

724 DIVISION STREET Monthly Cost

$
$ %
%
$
$
Tom Fullen
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

724 DIVISION STREET Market Data

Based on the last 30 days in this zip code

$243,035
Average List Price
$169
Average Price per Square Foot
16
Properties Sold
85
Average Days on Market
63
Properties for Sale
Calculations provided by Reliance Network

724 DIVISION STREET History

Date Event Value Agent
6/15/2026Source: BRIGHT MLS Price Reduction
$890,000 -1.1%
6/15/2026Source: BRIGHT MLS Price Reduction
$890,000 -1.1%
11/6/2025Source: BRIGHT MLS Price Reduction
$899,999 -5.3%
11/6/2025Source: BRIGHT MLS Price Reduction
$899,999 -5.3%
10/29/2025Source: BRIGHT MLS Added to Database
October 29, 2025
10/29/2025Source: BRIGHT MLS Added to Database
October 29, 2025
Listing provided courtesy of Century 21 Alliance-Moorestown- MLS# NJME2069098MLS ProviderContact Information: [email protected] - 8562354664