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Colonial Residential Income Property
For Sale
$1,300,000
Pending

409 BASIN STREET, Princeton, NJ 08540

Established residential income asset with a driveway, radiant heat, and R9 zoning.

Property Size1,808 SF
Days on Market242

Property Features for 409 BASIN STREET

General Information

Standard status Pending
Size 1,808 SF
Property subtype Residential Income
Zoning R9

Taxes and HOA fees

Annual Taxes $9,594

Amenities

None, Electric
Natural Gas, Radiant
Partial
Electric Water Heater
Driveway
Colonial

Building Details

Building Size 1,808 SF
Year Built 1920
Stories 2
Listing Agency: HOME JOURNEY REALTY
Listed By: Peter J San Paolo
Source: Evrealestate
Added: Jan 1 Changed: Aug 30 Last Checked: Aug 31 at 1:48PM

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 HOME JOURNEY REALTY

Investment Insights

Based on property information with market context.

This residential income property dates to 1920 and presents a Colonial exterior with an on-site driveway. Interior systems include radiant heating, an electric water heater, and natural gas service. The property also includes partial interior features and electrical service.

Located on Basin Street in Princeton, the property is within Mercer County, with Alexander Street noted for access. R9 zoning and the established construction date provide key reference points for evaluating the asset.

Key Highlights

  • 1920 construction date
  • R9 zoning
  • Colonial exterior

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Auto Repair Shop Grocery & Convenience Store (Bike/Boat/Book/etc) Store Garden Center Dental Office Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

167
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential income property - Established residential income asset with a driveway, radiant heat, and R9 zoning.
Where is this residential income property located?
The property is located at 409 BASIN STREET Princeton, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 1920 construction date; R9 zoning; Colonial exterior
More about this property
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