Newly Renovated, Boutique Multi-Family Asset

Colliers is pleased to present the sale of 228 E Hanover Street, Trenton, Mercer County, New Jersey (the “Property” or “228 E Hanover Street”).​ The gut renovated apartment building comprised of five 1-bedroom units is an ideal turn-key, multifamily investment opportunity with an attractive 30-year tax abatement.​

228 E Hanover Street was completely remodeled in 2023 to the highest quality standards.​ All the units have been renovated featuring hardwood floors, granite countertops, porcelain bath tile, custom blinds, energy efficient HVAC systems, individually metered units for power & HVAC, and fully sprinklered with fire alarm systems.​

The Property is located within the Arts District which is central to the Downtown Business District and offers an array of retail, restaurant, and cultural amenities.​ 228 E Hanover Street provides immediate access to Route 1 (0.2 miles) and is walking distance from the Trenton Transit Center (0.5 miles) which provides rail access to both New York City and Philadelphia.​ The submarket features strong fundamentals with historically increasing rents and a market vacancy of 4.1%.​

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  Newly renovated in 2023

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  5 one-bedroom units

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  All units feature hardwood floors, granite countertops, porcelain bath tile, custom blinds and energy efficient HVAC systems

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  28 years remaining on 30-year GSGZ Tax Exemption

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  No rent control

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  Located in coveted Arts District steps from the Capital

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  Access to public transportation and major highways