Live-Work Property with Residential
New
For Sale
$629,000
1652 PRINCETON AVENUE, Trenton, NJ 08648
A dedicated business area below finished living space combines commercial operations and a residence in one property.
Property Size2,456 SF
Price / SF$256.11
Days on Market3
Property Features for 1652 PRINCETON AVENUE
General Information
Standard status
Active
Size
2,456 SF
Property subtype
Commercial
Additional Details
Office Units
1
Building Details
Year Built
2026
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Smires & Associates
(609) 259-1414
Listed By:
Stefanie Brown · License #1754273
(609) 273-6666
Source:
Cummingsrealtors
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Smires & Associates
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Investment Insights
Based on property information with market context.
Built in 2026, this 2,456-square-foot live-work property pairs a commercial lower level with finished residential space upstairs. The business area features glass-front double entry doors, large windows and high ceilings. The upper level has three bedrooms, two full bathrooms, an open-concept layout and a kitchen adjoining the living area.
Located at 1652 Princeton Avenue in Trenton, the property is described as multipurpose-zoned. Its two-level configuration combines a ground-floor business space with a three-bedroom residence above.
Located at 1652 Princeton Avenue in Trenton, the property is described as multipurpose-zoned. Its two-level configuration combines a ground-floor business space with a three-bedroom residence above.
Key Highlights
- 2,456‑square‑foot live‑work property built in 2026
- Lower level has glass‑front double entry doors, large windows and high ceilings
- Upper‑level residence includes 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,419
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,380
$648.4K
Cap Rate 7%
$463,129
$463.1K
Cap Rate 9%
$360,211
$360.2K
Market Conditions
NOI Build-Up for 2,456 SF
Gross rent
$58.9K $24.00/SF
− Vacancy
−$7.1K −$2.88/SF
EGI
$51.9K $21.12/SF
− OpEx
−$19.5K −$7.92/SF
NOI
$32.4K $13.20/SF
Area
Mercer County, NJ
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,380
Cap Rate 7%
$463,129
Cap Rate 9%
$360,211
Alternative Uses
Best Use
Mixed Use
$463.1K
$405.2K – $540.3K
NOI $32,419 @ 7.0% cap · market cap 5.15%
Second Best
Office B
$314.8K
$275.4K – $367.2K
NOI $22,033 @ 7.0% cap · market cap 3.50%
Theoretical Best
Warehouse
$790.2K
$691.4K – $921.9K
NOI $55,313 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,378
Businesses Nearby
Explore this area
Business Placement
Demographics for 08648, NJ
31,955
Population
12,217
Households
2.6
Avg Household Size
40
Median Age
60%
College-Educated
92%
High-School Grad
16.7 sq mi
ZIP Area
1,913
Density / Sq Mi
$118,036
Median Household Income
$54,833
Median Earnings
$1,953
Median Rent
$395,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Live-work space - A dedicated business area below finished living space combines commercial operations and a residence in one property.
Where is this live-work space located?
The property is located at 1652 PRINCETON AVENUE Trenton, NJ.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: 2,456‑square‑foot live‑work property built in 2026; Lower level has glass‑front double entry doors, large windows and high ceilings; Upper‑level residence includes 3 bedrooms and 2 full bathrooms
