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$1,100,000 -$100,000 (-8.33%) Price Reduced

  • For Sale
  • Active
  • Apartment
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Presenting a high-yield, stabilized investment opportunity at 424 Trenton Road. This 9-unit multifamily property is now 100% fully occupied and generating a confirmed 7.58% Cap Rate on actuals at the current asking price. We have moved past "pro-forma" projections; this asset offers immediate, proven cash flow from day one. Situated in a quiet, wooded setting in Browns Mills, the property offers convenient access to local amenities and major regional employers, including the nearby Joint Base McGuire-Dix-Lakehurst, ensuring consistent demand from a diverse tenant pool. The heavy lifting has already been completed with major capital improvements, including a brand new septic system installed in 2021 and renovations on 7 of the 9 units. With the final unit recently leased, the property is fully stabilized with a strong, diverse unit mix consisting of two studios, four 1-bedroom units, two 2-bedroom units, and one 3-bedroom main house. The unique 5-building "village" configuration provides tenants with a private, residential feel that minimizes noise transfer and maximizes retention-a distinct competitive advantage over typical block-style apartments. BONUS VALUE-ADD: The property includes a 6th, standalone building (formerly 4 units verified in tax collectors records) currently in shell condition with water, gas, and electric run to the structure. This building is not connected to the new septic system and is offered strictly "as-is" with no representation of future use. It represents significant potential upside for a buyer willing to navigate township approvals for parking/septic independently, but the sale is not contingent on this development potential. Ideally situated for a 1031 Exchange or an investor seeking immediate yield with a "free option" for future expansion. Clean exit required; no seller financing available.

Full Property Details for 424 Trenton Rd

General

  • Price: $1,100,000
  • Taxes: $14,782 (2024)
  • Status: Active
  • Type: Apartment
  • Source: BrightMLSPhilly
  • MLS ID: NJBL2084780
  • Updated: 4/9/2026
  • Added to Site: 258 day(s) ago

Business

  • Business Type: Apartment Building

Interior

  • Flooring: Laminated, Ceramic Tile, Hardwood

Additional Information

  • Security/Safety: Carbon Monoxide Detector(s), Smoke Detector

Parking

  • Total Spaces: 15
  • Parking Type: Private Garage, Driveway

Location

  • Area: Pemberton Twp (20329)
  • Municipality: PEMBERTON TWP
  • County: BURLINGTON
  • Driving Directions: From Center of Browns Mills when at intersection of Trenton Rd and Broadway St, follow Trenton Rd North, property is on right hand side, just past the Self Storage.

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C, Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Electric, Forced Air
  • Heating Fuel: Electric, Natural Gas
  • Water Heater: Natural Gas, Multi-tank, Electric

Utilities

  • Sewer: Private Septic Tank, Septic Exists, Septic = # of BR
  • Water: Public
  • Utility Description: Natural Gas Available, Electric Available, Cable TV Available, Phone Available, Water Available

Structural Information

  • Construction: Frame
  • Foundation: Block
  • Roof: Architectural Shingle, Flat
  • Ceiling Height: 8' to 10'
  • Doors: Six Panel
  • Entry Floor Number: 1
  • Building Size: 6000
  • Year Built: 1966
  • Year Built Source: Assessor
  • Property Condition: Very Good

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 8, Unit 3, Unit 6, Unit 7, Unit 9

Lot Features

  • Property View: Trees/Woods
  • Lot Size (Acres): 4.33
  • Lot Size (Sq. Ft.): 188,615
  • Lot Size Source: Assessor
  • Zoning: RESIDENTIAL

Financial Considerations

  • Price Per Sq. Ft.: $183.33
  • Operating Expenses: $61,912
  • Assessment Year: 2024
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax w/Assessment: $482,300
  • Tax Amount: $14,782
  • Tax Year: 2024
  • Owner Pays: Gas, Electricity, Heater Maintenance Contract, Insurance, Lawn/Shrub Care, Sewer Maintenance, Taxes - Real Estate, Water, Trash Collection

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: Tenant's personal property
  • Inclusions: All appliances in as-is condition with no monetary value
  • Investment: Yes
  • Lot Number: 00001 01

Listed by Keller Williams Real Estate-Langhorne, Lukasz Boczniewicz

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Listing agent

— 424 Trenton Rd —

  • Lukasz Boczniewicz

    Keller Williams Real Estate-Langhorne

Listing Office Email: klrw476@kw.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 424 Trenton Rd

School District:Pemberton Township School District
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 424 Trenton Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/09/2026
Price Reduced
$1,100,000
-8.33%
MLS
10/07/2025
Price Reduced
$1,200,000
-5.88%
MLS
7/26/2025
Listed
$1,275,000
285.2%
MLS
11/30/2017
Sold
$331,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 424 Trenton Rd

Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,782
15%
$482,300
—
2022
$12,839
4%
$482,300
—
2021
$12,313
4%
$482,300
—
2020
$11,850
4%
$482,300
—
2019
$11,349
4%
$482,300
—
2018
$10,963
2%
$482,300
—
2017
$10,736
1%
$482,300
69%
2016
$10,646
1%
$284,800
—
2015
$10,560
5%
$284,800
—
2014
$10,096
—
$284,800
—
2013
$10,082
—
$284,800
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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424 Trenton Road, Browns Mills, NJ 08015 (MLS# NJBL2084780) is a Apartment property. 424 Trenton Road is currently listed for $1,100,000 and was received on July 26, 2025. Want to learn more about 424 Trenton Road? Do you have questions about finding other Apartment real estate for sale in Browns Mills? You can browse all Browns Mills real estate or contact a Coldwell Banker agent to request more information.

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