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Listing NJME2085114 , Trenton, NJ 08618
$2,500,000
Est. Payment: $13,500.03/mo
27104 Sqft
1.31 Acres
Status: active | Days on site: 11
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HSNRG2 - 3292211
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from IDX Support, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

PRIME MULTIFAMILY DEVELOPMENT OPPORTUNITY Approved Architectural Plans for 68 Residential Apartments | 1- & 2-Bedroom Units Exceptional Investment & Development Opportunity in Trenton, New Jersey! Presenting an exciting opportunity for investors, developers, and builders to acquire a multifamily development property. This property is being marketed with approved architectural designs for a proposed 68-unit residential apartment development featuring a desirable two-bedroom apartments. The proposed development offers an opportunity to contribute to Trenton's growing demand for quality residential housing while establishing a potentially valuable income-producing real estate asset. PROPERTY HIGHLIGHTS Property Address: 320 Spring Street, Trenton, NJ 08618 Proposed Development: 68 Residential Apartments Two-Bedroom Apartments Architectural Status: Approved Architectural Designs (per seller) Property Type: Multifamily Residential Development Investment Potential: Long-Term Rental Income and Asset Appreciation Location: Trenton, Mercer County, New Jersey DEVELOPMENT OPPORTUNITY The proposed 68-unit residential community is designed to accommodate a range of housing needs, including working professionals, individuals, couples, and families seeking convenient access to employment, transportation, shopping, and community amenities. With architectural designs already approved according to the seller, prospective purchasers have an opportunity to evaluate an established development concept rather than begin the architectural planning process from scratch. LOCATION ADVANTAGES Situated in New Jersey's capital city, the property offers access to the greater Mercer County market, major transportation corridors, government employment centers, healthcare facilities, educational institutions, and regional destinations. The location provides an opportunity for developers seeking to expand their multifamily residential portfolios within the Central New Jersey market. INVESTMENT HIGHLIGHTS Whether your investment strategy focuses on developing and holding rental properties, expanding an existing multifamily portfolio, or pursuing a residential development project, 320 Spring Street presents an opportunity worth exploring. 68 Proposed Residential Units. Approved Architectural Designs. Strong Multifamily Development Potential. ADDITIONAL INFORMATION Architectural plans, development documentation, and additional property information may be made available to qualified purchasers upon request. Permit Ready Buyers are responsible for independently verifying all municipal approvals, zoning requirements, permits, unit configurations, utilities, development costs, and project feasibility. Schedule a private consultation to learn more about this multifamily development opportunity at 320 Spring Street, Trenton, NJ. *Serious investors and qualified developers are encouraged to inquire.*
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Highlights

Listed by Tynisha D Isom , 6095084336 HomeSmart Nexus Realty Group - Princeton , 2159097355. Bright MLS

Property Type

Commercial Sale
Lot/Acreage
1.31

Year Built

1950

County

Mercer

Area

Trenton City (21111)

 School District

Trenton Public Schools

Listing ID

NJME2085114

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Interior Features

Water:Public Hook-up Available

Exterior Features

Lot:Not New Construction,Horse Property: No
Zoning:R-2
Sewer:Public Hook/Up Avail
Parking Features:Off Site
Principal Interest
$13,500
Taxes
$2,405

Home Price

$2,500,000

Loan Details

30 yrs
7.144%

Down Payment

20%
$500,000
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:
$13,500.03

Principal

Taxes

Principal Taxes HOA Total
Monthly $13,500.03 $2,405.00 $0.00 $15,905.03
Yearly $162,000.34 $28,860.00 $0.00 $190,860.34
Total $4,860,010.28 $865,800.00 $0.00 $5,725,810.28
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Market insight data is pulled from the same city as the listing being viewed (Trenton, 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.

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Data last updated: 2026-11-13T19:09:10.000Z

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