Princeton Investment Opportunity: Two
For Sale
$1,300,000
Pending
0 Basin St, Princeton, NJ 08540
Two contiguous parcels offer investment or development potential near Princeton University.
Property SizeContact for details
Lot Size0.37 Acres
Days on Market427
Property Features for 0 Basin St
General Information
Standard status
Pending
Lot size
0.37 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$1,970
Listing Agency:
HOME JOURNEY REALTY
(609) 237-8800
Listed By:
PETER J SAN PAOLO
Source:
Corcoran
Added: Jun 11, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:59AM
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 property presents an investment opportunity in Princeton, featuring two lots. The first lot includes a colonial-style two-family detached residence with 61 feet of street frontage and a depth of 191 feet. The home spans approximately 1,808 square feet and is configured as two separate units. Unit A has 1 bedroom and 1 bathroom, while Unit B offers 2 bedrooms and 1 bathroom. Each unit is equipped with its own electric utility meter. The second parcel, located directly behind 409 Basin Street, encompasses approximately 0.37 acres within the R9 Zone. Both lots are located in the Princeton Historical District and are a prior remediated (NJDEP) site for a CERCLA removal. The rear lot is potentially buildable and offers development potential, subject to zoning and historical review approvals. Access to the rear lot would require an easement through the driveway of the front lot. The property is located minutes from Princeton University and is convenient to the Princeton Train Station, shopping, dining, and cultural attractions.
Key Highlights
- Prime investment opportunity with two contiguous lots in a desirable Princeton location.
- Two‑family detached residence with separate electric meters for each unit.
- Rear lot (0.37 acres) offers significant development potential, subject to zoning and historical review.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two contiguous parcels offer investment or development potential near Princeton University.
Where is this duplex located?
The property is located at 0 Basin St 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: Prime investment opportunity with two contiguous lots in a desirable Princeton location.; Two‑family detached residence with separate electric meters for each unit.; Rear lot (0.37 acres) offers significant development potential, subject to zoning and historical review.
