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Image 1 - 189 Pennington Ave, Trenton, New Jersey, 08618 - House for sale
Image 2 - 189 Pennington Ave, Trenton, New Jersey, 08618 - House for sale
Image 3 - 189 Pennington Ave, Trenton, New Jersey, 08618 - House for sale
Image 4 - 189 Pennington Ave, Trenton, New Jersey, 08618 - House for sale
Image 5 - 189 Pennington Ave, Trenton, New Jersey, 08618 - House for sale
Image 6 - 189 Pennington Ave, Trenton, New Jersey, 08618 - House for sale
Image 7 - 189 Pennington Ave, Trenton, New Jersey, 08618 - House for sale
Image 8 - 189 Pennington Ave, Trenton, New Jersey, 08618 - House for sale
Image 9 - 189 Pennington Ave, Trenton, New Jersey, 08618 - House for sale
Home For Sale In Trenton, New Jersey
189 Pennington Ave, Trenton, New Jersey, 08618

Home For Sale In Trenton, New Jersey

house for sale
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Listed: 06/09/24

189 Pennington Ave, Trenton, New Jersey, 08618

3 Bed:
2,480 Sq Ft Living Area:
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Price
$ 385,000
Price:  Increased

About This House

189 Pennington Avenue presents a compelling investment opportunity with significant upside potential through strategic management and market repositioning. This mixed-use property comprises residential and commercial units, offering a balanced and diversified income stream. The first-floor residential unit, previously rented at $900/month, is currently vacant, newly revamped, and available for lease at a market rent of$1, 300/month as of April 2024, representing an approximate 44.4% increase in rent potential. The second-floor residential unit, configured as a2BR/3BRwith a finished attic, is currently rented at$1, 160/month, which is significantly below market value. Given current market trends, aligning this unit with market rates could potentially increase rental income by 10-20%. The commercial unit, currently operating as a hair salon, is rented at $850/month, also …  Full description

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North Trenton Housing & Living

Average sale prices for houses

3 bed
4+ bed
Show as List Show as Graph
In June 2024, the asking price for 3 bed houses for sale in/near North Trenton, Trenton, United States averaged $239,833, an increase of 17% from the previous month.
Median price trends for properties for sale in North Trenton, Trenton, United States as of June 2024.

Household Income

Median household income: $35,524
Number of households: 27,145
The average household income in Trenton, NJ grew from $34,412 to $35,524 in the past year. This data is an estimate based upon 27,145 households in Trenton, NJ.
The chart below presents how household income is distributed in Trenton, NJ in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Trenton, NJ compared to median property taxes around the country. The prevalent amount of property taxes in Trenton, NJ equals $3k+ , which is more than the national average.