228 E Hanover Street, Trenton, NJ – A Newly Renovated, Boutique 5-Unit Multifamily Asset

Investment Highlights:

• Newly renovated in 2023
• 5 one-bedroom units
• All units feature hardwood floors, granite countertops, porcelain bath tile, custom blinds and energy efficient HVAC systems
• 28 years remaining on 30-year GSGZ Tax Exemption
• Located in coveted Arts District steps from the Capital
• Access to public transportation and major highways

The Offering:

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%.

Property tours 

Property tours are available on Thursday, February 6th by appointment only. Please reach out to Patrick Norris, Patrick.Norris@colliers.com | (609) 206-0822, to schedule.