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0 Beds
2 Baths
1,450 sqft

$399,000

16 Lanning Street, Ewing NJ, 08618

Price per sqft$275.17
Built in1955
Property size1,450 sqft
Property typeMulti-family

Overview

Active

Listed Oct 26, 2026

Updated 30h ago

Attention investors and parents of college students! This turn-key, as-is two-family property is located just three houses away from The College of New Jersey (TCNJ), making it a premier, highly desirable housing or rental asset. Fully occupied or ready to rent, this property generates $3,750 in total monthly rental income from day one. The current owner is retiring, presenting a rare opportunity to acquire a high-yield, low-maintenance income producer. Total Monthly Income: $3,750/month ($45,000 gross annually). Unit 1 (Main Level): $2,100/month rent | Features 2 spacious bedrooms and 1 full bathroom. Unit 2 (Upstairs): $1,650/month rent | Features a bright 1 bedroom and 1 full bathroom. Utilities: Separate gas and electric meters, keeping landlord overhead to an absolute minimum. Turn-Key & As-Is: Solid cash-flowing asset being sold strictly in as-is conditionperfect for a smooth, retirement-ready sale. Parking: A massive, large driveway provides ample off-street parking for multiple vehicles, a massive selling point for tenants. Basement: Full basement equipped with dedicated laundry provisions and excellent bonus storage space. Unbeatable Location: Literally steps from the TCNJ campus, ensuring a perpetual pool of quality renters, minimal vacancy rates, and proximity to local dining, transit, and shopping. Large backyard. Whether you are looking to expand your portfolio or secure a premier rental property in a high-demand university market, this asset delivers immediate cash flow. Act fastproperties this close to campus rarely last!

$2,655/mo

Est. mortgage payment based on a $399,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2706908R

Interior Features

Bedrooms
0
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.18 Acres

Other Property Details

Taxes
$7,425
Tax Frequency
Annually

Courtesy of ORANGE KEY REALTY, INC. with MICHAEL MATTHEWS,
Listing Contact:  

 

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