Prime Investment Opportunity in the Heart of Princeton—Two Lots Available 409 Basin Street, Princeton, NJ This property features a charming colonial-style two-family detached residence situated on a generous lot with 61 feet of street frontage and a depth of 191 feet. Each unit has its own electric utility meter, providing flexibility for investors or owner-occupants seeking rental income potential. The home spans approximately 1,808 square feet and is currently configured as two separate units: Unit A: 1 Bedroom, 1 Bathroom Unit B: 2 Bedrooms, 1 Bathroom 0 Basin Street (Rear Lot) Located directly behind 409 Basin Street, this parcel (Lot 008, Block 11503) encompasses approximately 0.37 acres and is situated within the R9 Zone. Both lots are in the Princeton Historical District and a prior remediated (NJDEP) site for a CERCLA removal. This lot is potentially buildable and offers significant development potential, subject to zoning and historical review approvals. Access would require an easement through the driveway of the front lot (409 Basin Street). Location Highlights: Minutes from Princeton University. Convenient to the Princeton Train Station, shopping, dining, and cultural attractions. This unique offering provides a rare opportunity to own or develop in one of Princeton’s most desirable locations. Whether you're looking to invest, develop, or create a custom residence, these two contiguous parcels present exceptional potential. Buyers are encouraged to conduct their own due diligence regarding development feasibility and zoning requirements.
Lot/land
$1,300,000
0 Basin St, Princeton, NJ 08540
--beds
--baths
0.37Acres
Unimproved Land
Built in ----
0.37 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Generous lot
- 185 days |
- 149 |
- 3 |
Zillow last checked: 8 hours ago
Listing updated: June 11, 2025 at 09:19am
Listed by:
Peter San Paolo 609-902-7025,
Home Journey Realty
Source: Bright MLS,MLS#: NJME2060958
Facts & features
Property
Lot
- Size: 0.37 Acres
Details
- Additional parcels included: Please see the additional lot included. MLS #
- Parcel number: 141150300008
- Zoning: R9
- Special conditions: Standard
Utilities & green energy
- Sewer: Public Hook/Up Avail
- Water: Public Hook-up Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Princeton
- Municipality: PRINCETON
Financial & listing details
- Tax assessed value: $74,000
- Annual tax amount: $1,970
- Date on market: 6/11/2025
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 6/11/2025 | Listed for sale | $1,300,000 |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: 08540
Nearby schools
GreatSchools rating
- 8/10Riverside Elementary SchoolGrades: PK-5Distance: 1.7 mi
- 8/10J Witherspoon Middle SchoolGrades: 6-8Distance: 1.9 mi
- 8/10Princeton High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- District: Princeton Regional Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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