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Nicole Echelberger

askagentnikki@gmail.com +1(856) 270-8805

Listed by Michael Matthews • Orange Key Realty

$ 399,000

Est. payment | -/mo

1,450 SqFt

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$ 399,000

Est. payment | -/mo

Save

1,450 SqFt

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,450 sqft

Price per Sqft $275

MLS Listing ID NJME2085560

Style Colonial

Abv Grd Liv Area 1,450

Year Built 1955

Annual Tax Amount $7,425

Tax Year 2025

Lot Size 7,828 Sqft

Acres 0.18

Property Sub-Type Detached

Source BRIGHT

Property Description

Attention investors and parents of college students! This turn-key, as-is two-family property is located just three houses away from The College of New Jersey (TCNJ), making it a premier, highly desirable housing or rental asset. Fully occupied or ready to rent, this property generates $3,750 in total monthly rental income from day one. The current owner is retiring, presenting a rare opportunity to acquire a high-yield, low-maintenance income producer. Total Monthly Income: $3,750/month ($45,000 gross annually). Unit 1 (Main Level): $2,100/month rent | Features 2 spacious bedrooms and 1 full bathroom. Unit 2 (Upstairs): $1,650/month rent | Features a bright 1 bedroom and 1 full bathroom. Utilities: Separate gas and electric meters, keeping landlord overhead to an absolute minimum. Turn-Key & As-Is: Solid cash-flowing asset being sold strictly in as-is condition—perfect for a smooth, retirement-ready sale. Parking: A massive, large driveway provides ample off-street parking for multiple vehicles, a massive selling point for tenants. Basement: Full basement equipped with dedicated laundry provisions and excellent bonus storage space. Unbeatable Location: Literally steps from the TCNJ campus, ensuring a perpetual pool of quality renters, minimal vacancy rates, and proximity to local dining, transit, and shopping. Large backyard. Whether you are looking to expand your portfolio or secure a premier rental property in a high-demand university market, this asset delivers immediate cash flow. Act fast—properties this close to campus rarely last!

Location

State NJ

County Mercer

Area Ewing Twp (21102)

Zoning R-2

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Wall Unit, Window Unit(s)

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Private Pool No

Building

Foundation Permanent

Above Ground Finished SqFt 1450

Sewer Public Sewer

Water Well

Architectural Style Colonial

Additional Building Above Grade

New Construction N

Schools

School District East Windsor Regional Schools

Others

Tax ID 02-00242-00015

Ownership Fee Simple

SqFt Source 1450

Special Listing Condition Standard

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(856) 270-8805

askagentnikki@gmail.com

215 Fries Mill Road, Turnersville, NJ 08012, USA

16 LANNING ST Ewing Twp, NJ 08618

Nicole Echelberger

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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16 LANNING ST