Description
Prime Investment Opportunity in the Heart of Princeton-Two Lots Available 409 Basin Street, Princeton, NJ This property features a charming colonial-style two-family detached residence situated on a generous lot with 61 feet of street frontage and a depth of 191 feet. Each unit has its own electric utility meter, providing flexibility for investors or owner-occupants seeking rental income potential. The home spans approximately 1,808 square feet and is currently configured as two separate units: Unit A: 1 Bedroom, 1 Bathroom Unit B: 2 Bedrooms, 1 Bathroom 0 Basin Street (Rear Lot) Located directly behind 409 Basin Street, this parcel (Lot 008, Block 11503) encompasses approximately 0.37 acres and is situated within the R9 Zone. Both lots are in the Princeton Historical District and a prior remediated (NJDEP) site for a CERCLA removal. This lot is potentially buildable and offers significant development potential, subject to zoning and historical review approvals. Access would require an easement through the driveway of the front lot (409 Basin Street). Location Highlights: Minutes from Princeton University. Convenient to the Princeton Train Station, shopping, dining, and cultural attractions. This unique offering provides a rare opportunity to own or develop in one of Princeton's most desirable locations. Whether you're looking to invest, develop, or create a custom residence, these two contiguous parcels present exceptional potential. Buyers are encouraged to conduct their own due diligence regarding development feasibility and zoning requirements.
Details
| MLS # | NJME2060958 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending-bright |
| Days On Site | 495 |
| Listing Provided By | Home Journey Realty | Peter J San Paolo |
Features
| Zoning | R9 |
|---|---|
| Acreage | 0.37 |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 1970 |
|---|
Area Information
| State | NJ |
|---|---|
| County | MERCER NJ |
| City | PRINCETON |
| Zip Code | 08540 |
| Area | Princeton (21114) |
| School District | PRINCETON REGIONAL SCHOOLS |
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Learn More About This Property
| State | NJ |
|---|---|
| County | MERCER NJ |
| City | PRINCETON |
| Zip Code | 08540 |
| Area | Princeton (21114) |
| School District | PRINCETON REGIONAL SCHOOLS |
 | $1,300,000409 Basin StPrinceton, NJ 08540 |