Four-Unit Colonial
264 HAWTHORNE Avenue, Princeton, NJ 08540
For Sale
New
$1,990,000
Multi-Family, PRINCETON, NJ
Property Size2,455 SF
Lot Size0.27 Acres
Price / SF$810.59
Days on Market1
Property Features for 264 HAWTHORNE Avenue
General Information
Property type
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Parking
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Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
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Amenities
laundry machines
Building Details
Year built
Number of units
Building materials
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Buildings
Listing Agency:
Realmart Realty, LLC
(732) 727-2285
Listed By:
Qizhan Jack Yao · License NJ #0902217
(732) 727-2280
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# NJME2086208
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.
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Investment Insights
Based on property information with market context.
This 2,455-square-foot Colonial contains four apartments across three finished floors. The unit mix includes a two-bedroom apartment, a one-bedroom apartment, and two studios; each has a kitchen and full bathroom. A full basement provides laundry facilities, and the property has a 200-amp electrical service. Improvements include a 2011 roof, laundry machines installed in 2020, and fire escapes, interior and exterior paint, and lead-safety certificates dated 2026. The 0.2705-acre parcel includes a private yard and a gravel driveway with space for at least five cars.
The property is in Princeton, within walking distance of Princeton University, downtown shopping and dining, Princeton Shopping Center, Princeton Middle/High Schools, and local transit. It has been rented year-round to university affiliates for more than 60 years, with a historical vacancy rate below 1.5%.
The property is in Princeton, within walking distance of Princeton University, downtown shopping and dining, Princeton Shopping Center, Princeton Middle/High Schools, and local transit. It has been rented year-round to university affiliates for more than 60 years, with a historical vacancy rate below 1.5%.
Key Highlights
- Four apartments totaling 2,455 square feet across 3 finished floors
- Unit mix includes a 2‑bedroom apartment, a 1‑bedroom apartment, and 2 studios
- 0.2705‑acre lot with a private yard and gravel driveway accommodating 5+ cars
Property Analytics
Who owns this building?
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Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,944
Businesses Nearby
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Business Placement
Demographics for 08540, NJ
48,216
Population
19,255
Households
2.5
Avg Household Size
41
Median Age
82%
College-Educated
98%
High-School Grad
51.7 sq mi
ZIP Area
933
Density / Sq Mi
$169,898
Median Household Income
$80,357
Median Earnings
$2,083
Median Rent
$723,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Apartments range from studios to two-bedroom layouts, with separate tenant-paid electric, cooking gas, and internet.
Where is this quadplex located?
The property is located at 264 HAWTHORNE Avenue Princeton, NJ.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Four apartments totaling 2,455 square feet across 3 finished floors; Unit mix includes a 2‑bedroom apartment, a 1‑bedroom apartment, and 2 studios; 0.2705‑acre lot with a private yard and gravel driveway accommodating 5+ cars
