Presenting a high-yield, stabilized investment opportunity at 424 Trenton Road. This 9-unit multifamily property is now 100% fully occupied and generating a confirmed 7.58% Cap Rate on actuals at the current asking price. We have moved past "pro-forma" projections; this asset offers immediate, proven cash flow from day one. Situated in a quiet, wooded setting in Browns Mills, the property offers convenient access to local amenities and major regional employers, including the nearby Joint Base McGuire-Dix-Lakehurst, ensuring consistent demand from a diverse tenant pool. The heavy lifting has already been completed with major capital improvements, including a brand new septic system installed in 2021 and renovations on 7 of the 9 units. With the final unit recently leased, the property is fully stabilized with a strong, diverse unit mix consisting of two studios, four 1-bedroom units, two 2-bedroom units, and one 3-bedroom main house. The unique 5-building "village" configuration provides tenants with a private, residential feel that minimizes noise transfer and maximizes retention—a distinct competitive advantage over typical block-style apartments. BONUS VALUE-ADD: The property includes a 6th, standalone building (formerly 4 units verified in tax collectors records) currently in shell condition with water, gas, and electric run to the structure. This building is not connected to the new septic system and is offered strictly "as-is" with no representation of future use. It represents significant potential upside for a buyer willing to navigate township approvals for parking/septic independently, but the sale is not contingent on this development potential. Ideally situated for a 1031 Exchange or an investor seeking immediate yield with a "free option" for future expansion. Clean exit required; no seller financing available.
For sale
$1,200,000
424 Trenton Rd, Browns Mills, NJ 08015
4beds
4baths
6,000sqft
Est.:
Multi Family
Built in 1966
-- sqft lot
$-- Zestimate®
$200/sqft
$-- HOA
What's special
Quiet wooded settingMinimizes noise transfer
- 150 days |
- 683 |
- 15 |
Zillow last checked: 8 hours ago
Listing updated: December 12, 2025 at 08:52pm
Listed by:
Lukasz Boczniewicz 267-679-1659,
Keller Williams Real Estate-Langhorne,
Listing Team: Ariella + Lukasz Realty Group
Source: Bright MLS,MLS#: NJBL2096332
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Baseboard, Forced Air, Electric, Natural Gas
Cooling
- Central Air, Window Unit(s), Electric
Appliances
- Included: Electric Water Heater, Water Heater, Gas Water Heater
- Laundry: Has Laundry
Features
- Dry Wall
- Flooring: Ceramic Tile, Hardwood, Laminate, Luxury Vinyl
- Doors: Six Panel
- Basement: Full
- Number of fireplaces: 2
Interior area
- Total structure area: 6,000
- Total interior livable area: 6,000 sqft
Video & virtual tour
Property
Parking
- Total spaces: 15
- Parking features: Asphalt, Driveway
- Uncovered spaces: 15
Accessibility
- Accessibility features: None
Features
- Pool features: None
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 4.33 Acres
- Features: Sandy
Details
- Additional structures: Above Grade
- Parcel number: 290052600001 01
- Zoning: RESIDENTIAL
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional,Colonial,Ranch/Rambler
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Block, Crawl Space
- Roof: Architectural Shingle,Flat
Condition
- Good
- New construction: No
- Year built: 1966
- Major remodel year: 2021
Utilities & green energy
- Electric: 100 Amp Service, 200+ Amp Service
- Sewer: Private Septic Tank, Septic = # of BR, Septic Exists
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available, Fiber Optic
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Browns Mills
- Municipality: PEMBERTON TWP
Financial & listing details
- Price per square foot: $200/sqft
- Tax assessed value: $482,300
- Annual tax amount: $14,782
- Date on market: 9/19/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,Cash
- Inclusions: All Appliances In As-is Condition With No Monetary Value
- Exclusions: Tenant's Personal Property
- Ownership: Fee Simple
- Total actual rent: 143100
- Income includes: Apartment Rentals
Estimated market value
Not available
Estimated sales range
Not available
$2,509/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/7/2025 | Price change | $1,200,000-5.9%$200/sqft |
Source: | ||
| 9/19/2025 | Listed for sale | $1,275,000+285.2%$213/sqft |
Source: | ||
| 1/24/2018 | Sold | $331,000-17%$55/sqft |
Source: Public Record Report a problem | ||
| 9/25/2017 | Listed for sale | $399,000+262.7%$67/sqft |
Source: BHHS Fox & Roach-Medford #7058568 Report a problem | ||
| 1/11/1994 | Sold | $110,000$18/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,783 +6.6% | $482,300 |
| 2024 | $13,871 | $482,300 |
| 2023 | -- | $482,300 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$7,900/mo
Principal & interest
$5950
Property taxes
$1950
Climate risks
Neighborhood: 08015
Nearby schools
GreatSchools rating
- NAJoseph S. Stackhouse Elementary SchoolGrades: K-2Distance: 0.8 mi
- 3/10Marcus W. Newcomb Middle SchoolGrades: 6Distance: 4.6 mi
- 4/10Pemberton Twp High SchoolGrades: 9-12Distance: 4.9 mi
Schools provided by the listing agent
- District: Pemberton Township 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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