Property profile

611 Mrtn King Jr Trenton, NJ 08618

OFF-MARKET
Mixed-use properties
0.05 ac lot Built 1950
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Property summary

AI-generated overview

This exceptional mixed-use property located at 611 Martin Luther King Jr Boulevard in Trenton, New Jersey, presents a unique investment opportunity. The property encompasses a ground-floor storefront, ideal for a variety of retail or commercial ventures, combined with a one-bedroom apartment situated above. This configuration offers immediate income potential from both commercial and residential tenants. A significant advantage is the substantial rear lot, measuring 0.05 acres, which provides ample space for future expansion. Detailed expansion plans are already in place and will be provided to the buyer as part of the sale, facilitating a seamless and potentially lucrative development project. The property is priced competitively at $179,900, representing a strong value proposition for investors seeking a versatile and expandable asset in a growing urban area. The existing structure offers immediate return, while the expansive lot allows for significant future growth and increased profitability. This is a rare opportunity to acquire a property with both immediate income and substantial long-term potential in a desirable Trenton location. Serious inquiries are encouraged to view this property before it is sold.

Property profile

Verified
Property type Mixed-use properties
Year built 1950
Lot 0.05 ac (2,178 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

611 Mrtn King Jr Trenton, NJ 08618
Trenton metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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