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sales rep | Brivity IDX

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16 Lanning St , Ewing Twp, NJ 08618
$399,000
Est. Payment: $2,154.60/mo
3 Bed
2 Bath
1450 Sqft
0.18 Acres
Status: active under contract | Days on site: 10
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ORNGKEY - 3147160
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House Description

Attention investors and parents of college students! This turn-key two-family property is located just three houses away from The College of New Jersey (TCNJ), making it a premier, highly desirable housing or rental asset. Fully occupied or ready to rent, this property generates $3,750 in total monthly rental income from day one. The current owner is retiring, presenting a rare opportunity to acquire a high-yield, low-maintenance income producer. Total Monthly Income: $3,750/month ($45,000 gross annually). Unit 1 (Main Level): $2,100/month rent | Features 2 spacious bedrooms and 1 full bathroom. Unit 2 (Upstairs): $1,650/month rent | Features a bright 1 bedroom and 1 full bathroom. Utilities: Separate gas and electric meters, keeping landlord overhead to an absolute minimum. Turn-Key: Solid cash-flowing asset being sold, perfect for a smooth, retirement-ready sale. Parking: A massive, large driveway provides ample off-street parking for multiple vehicles, a massive selling point for tenants. Basement: Full basement equipped with dedicated laundry provisions and excellent bonus storage space. Unbeatable Location: Literally steps from the TCNJ campus, ensuring a perpetual pool of quality renters, minimal vacancy rates, and proximity to local dining, transit, and shopping. Large backyard. Whether you are looking to expand your portfolio or secure a premier rental property in a high-demand university market, this asset delivers immediate cash flow. Act fast—properties this close to campus rarely last!

Highlights

Listed by Michael J Matthews , 7322976969 Orange Key Realty , 7322976969. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.18

Year Built

1955

County

Mercer

Area

Ewing Twp (21102)

School District

East Windsor Regional Schools

Listing ID

NJME2085560

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Air Cond:Wall Unit,Window Unit(s)
Fireplaces:
Above Ground Sq Ft:1450
Water:Well

Exterior Features

Lot:Not New Construction,Horse Property: No
Zoning:R-2
Sewer:Public Sewer
Parking Features:Driveway,On Street
Principal Interest
$2,155
Taxes
$619

Home Price

$399,000

Loan Details

30 yrs
7.144%

Down Payment

20%
$79,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,154.60

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,154.60 $618.75 $0.00 $2,773.35
Yearly $25,855.25 $7,425.00 $0.00 $33,280.25
Total $775,657.64 $222,750.00 $0.00 $998,407.64
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Ewing Twp, NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T23:12:42.000Z

© 2026 Bright MLS