Turnkey, high-yield 4-unit investment property located in the heart of Princeton is offered at $1,990,000. This fully occupied quadplex generates $8,100 monthly ($97,200 annually). Premier location: walk to Princeton University, top-tier downtown shopping, dining, the Princeton Shopping Center, Princeton Middle/High Schools, and local transit. Situated on a 0.27-acre lot (63’ x 187’) in a quiet, tree-lined residential neighborhood, this 1928 Colonial offers a park-like private yard and an off-street gravel driveway accommodating 5+ cars. This quadplex has been fully rented year round to University affiliates for 60+ years by current owners with a historical vacancy rate of under 1.5%, and seamless, same-day tenant turnarounds. The building spans 2,455 sq ft across 3 finished floors, featuring a highly efficient layout with separate PSE&G utilities—tenants pay their own electric, cooking gas, and internet. Versatile 4-Unit Mix Includes: Apt 1 (920 sq ft): Occupies the entire 1st floor. Features 2 bedrooms, living room, full bath, kitchen, walk-in pantry, and 2 private entrances. Apt 2 (425 sq ft): Studio apartment with bedroom/office area, eat-in kitchen, full bath, and 2 entrances. Apt 3 (554 sq ft): Occupies the entire 3rd floor. Features 1 bedroom, living room, kitchen, full bath, and 2 entrances. Apt 4 (414 sq ft): Studio apartment with bedroom/office area, eat-in kitchen, and full bath. Full basement / laundry machines (New 2020) 200-amp electrical (New 2020) Refurbished fire escapes (2026) New roof (2011) Interior & exterior paint (2026) Safe lead certificates (2026). While completely operational and cash-flowing on day one with stable market rents, this property offers incredible cosmetic value-add potential to modernize interiors and substantially increase future market rents. Capitalize on Princeton’s historically ironclad appreciation and insatiable rental demand. Financials and rent roll are available upon request.

Listing courtesy of Realmart Realty, LLC



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