9-Unit Multifamily with Additional
424 TRENTON Road Browns Mills, NJ 08015
For Sale
Under Contract
$1,100,000
MULTI_FAMILY - Colonial, Rambler - BROWNS MILLS, NJ
Property Size6,000 SF
Lot Size4.33 Acres
Price / SF$183.33
Days on Market313
Property Features for 424 TRENTON Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
15
Parking features
Driveway
Fireplace
1
Standard status
Active Under Contract
Size
6,000 SF
Lot size
4.33 Acres
Taxes and HOA fees
Tax Annual Amount
14782
Utilities
Heating system
Forced Air, Baseboard, Electric (Heating)
Cooling system
Central Air, Window Unit(s)
Building Details
Year built
1966
Number of units
4
Building materials
Frame
Architectural style
Rambler, Colonial
Listing Agency:
Keller Williams Real Estate-Langhorne
(215) 757-6100
Listed By:
Lukasz Boczniewicz · License #1973582
(267) 679-1659
Added: Sep 19, 2025
Changed: Jul 13
Last Checked: Jul 28 at 5:06AM
MLS# NJBL2096332
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering features a 9-unit multifamily property at 424 Trenton Road in Browns Mills, NJ. The units are fully occupied, and the layout is described as a unique five-building “village” configuration. The unit mix consists of two studios, four one-bedroom units, two two-bedroom units, and one three-bedroom main house. Major capital work has already been completed, including a brand-new septic system installed in 2021, along with renovations to 7 of the 9 units, with the final unit most recently leased.
In addition to the main 9-unit asset, the property includes a sixth, standalone building that is currently in shell condition. The water, gas, and electric are reported to be run to the structure, while the building is not connected to the new septic system. This additional building is offered strictly “as-is” and is not represented to have future use.
The seller notes the sale is not contingent on development of the standalone building and that clean exit is required, with no seller financing available.
In addition to the main 9-unit asset, the property includes a sixth, standalone building that is currently in shell condition. The water, gas, and electric are reported to be run to the structure, while the building is not connected to the new septic system. This additional building is offered strictly “as-is” and is not represented to have future use.
The seller notes the sale is not contingent on development of the standalone building and that clean exit is required, with no seller financing available.
Key Highlights
- 9‑unit multifamily property with 100% occupancy and a confirmed 7.38% cap rate on actuals at the current asking price
- Renovations completed on 7 of the 9 units; the final unit has recently been leased for fully stabilized status
- 6‑building village‑style configuration with a unit mix of two studios, four 1‑bedroom units, two 2‑bedroom units, and one 3‑bedroom main house
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $151.2k | $25.20 |
| − Vacancy | −$8.3k | −$1.39 |
| EGI | $142.9k | $23.81 |
| − OpEx | −$64.3k | −$10.72 |
| NOI | $78.6k | $13.10 |
6,000 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$982.3K – $1.31M
NOI $78,586 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$12.55M
$10.98M – $14.64M
NOI $878,422 @ 7.0% cap · market cap 79.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied 9-unit multifamily with major capital improvements, plus a separate standalone shell building sold as-is.
Where is this apartment building located?
The property is located at 424 TRENTON Road Browns Mills, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 9‑unit multifamily property with 100% occupancy and a confirmed 7.38% cap rate on actuals at the current asking price; Renovations completed on 7 of the 9 units; the final unit has recently been leased for fully stabilized status; 6‑building village‑style configuration with a unit mix of two studios, four 1‑bedroom units, two 2‑bedroom units, and one 3‑bedroom main house
