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Listed by Peter J San Paolo • Home Journey Realty
$ 1,300,000
Est. payment | /mo
0.37 Acres Lot
$ 1,300,000
Est. payment | /mo
0.37 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID NJME2060958
HOA Y/N N
Annual Tax Amount $1,970
Tax Year 2025
Lot Size 0.371 Acres
Acres 0.37
Property Sub-Type Land
Source BRIGHT
Property 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.
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.
Location
State NJ
County Mercer
Area Princeton (21114)
Zoning R9
Exterior
Water Access N
Garage N
Building
Sewer Public Hook/Up Avail
Water Public Hook-up Available
Schools
School District Princeton Regional Schools
Others
Tax ID 14-11503-00008
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Hakan Karahan
President/Broker of Record | License ID: 9693664