$279,900
Investor Alert – Full Rehab with Massive Value-Add Potential!
908 W State Street is a rare opportunity to acquire a large mixed-use property in Trenton's desirable Berkeley Square neighborhood with multiple paths to profit. This property requires a complete renovation and is being sold strictly as-is, making it ideal for experienced investors, developers, and contractors looking for their next project.
The property was previously operated as a doctor's office on the first floor with a residential apartment on the second floor. Prior to vacating, the owner had already begun converting additional space to create two more residential units, leaving the next owner with the opportunity to complete the project. Based on the existing layout and surrounding properties, there is potential for a 4-unit income-producing property (buyer responsible for verifying zoning, permits, and approvals).
What makes this opportunity even more attractive is that numerous properties on the same stretch of W State Street have already been converted into 3-, 4-, 5-, and even 6-unit multifamily buildings, demonstrating the area's strong rental demand and redevelopment potential.
The building currently offers approximately 7 bedrooms, 5 bathrooms, substantial square footage, and a rare private rear parking lot with room for 7+ vehicles, a feature that significantly increases rental appeal and future value.
For investors focused on the numbers, the upside is clear. Whether you complete the multifamily conversion, renovate for mixed-use occupancy, or reposition the property for resale, similar renovated multifamily properties and larger renovated homes in the area have sold for $500,000+, creating a compelling value-add opportunity.
Located near Trenton Central High School West, Cadwalader Park, Routes 1, 29, and I-295, as well as the Pennsylvania bridges, the property offers excellent commuter access and a location that continues to attract both tenants and investors.
Large footprint. Flexible mixed-use zoning. Existing conversion work started. Ample parking. Strong ARV potential and NO Flood Insurance Required! Buyer Responsible for All City C/Os Being Sold As Is!
6
Beds
⋅
5
Baths
908 W State St, Trenton
Listing courtesy of EXP Realty, LLC. Contact: (866) 201-6210