1048-1052 PROSPECT, Ewing, NJ 08638
1048-1052 PROSPECT, Ewing, NJ 08638,Video Tour
1048-1052 PROSPECT, Ewing, NJ 08638
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Listed by Sita Philion • Redfin
$699,900
Est. payment /mo
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3,818 SqFt
New

1048-1052 PROSPECT Ewing, NJ 08638

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Tanea Hoffman

Tanea Hoffman

+1(609) 781-6714

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,818 sqft

Price per Sqft $183

MLS Listing ID NJME2076358

Style Colonial,Cottage

Abv Grd Liv Area 3,818

Year Built 1914

Annual Tax Amount $14,174

Tax Year 2025

Lot Size 1.051 Acres

Acres 1.05

Lot Dimensions 133.83 x 342.00

Property Sub-Type Detached

Source BRIGHT

Property Description

This high-yield, income-producing estate offers a rare triple-stream revenue opportunity set on a sprawling, lush one-acre lot. Comprising a meticulously maintained main house (two spacious 3BR, 1.5BA units) and a stunning newly reconstructed detached cottage. This property is a turn-key powerhouse for investors or owner-occupants seeking significant rental income. The Residences Unit 1050 & 1052 (Main House): Each unit features a generous 3-bedroom, 1.5-bathroom layout. These units have been systematically upgraded with modern comforts, including central air conditioning, updated electrical (removed knob and tube), and insulated attic. Unit 1050 boasts a luxury kitchen updated with a Viking range and hood, plus radiant floor heating, Updated Bathrooms including a Toto Washlet. Unit 1048 (The Cottage): The crown jewel of the property went through a comprehensive three-year studs-up reconstruction in (2021–2023). This legal rental features vaulted ceilings, mini-duct HVAC, New cabinetry, premium finishes and a private basement for tenant storage—a rare amenity that commands top- tier rent. Exceptional infrastructure & recent upgrades, this property was curated with a “maintenance-first” philosophy, ensuring low carrying costs for years to come. Exterior & Building Envelope: Full exterior refinishing with energy-efficient vinyl shingles over new insulation, French drains, and blue stone-covered front steps. Mechanicals: A systematic replacement of water heaters across all units in (2018–2024), furnace repairs with new water feeders, and a new boiler (2010). Safety & Compliance: Fully updated to code with a hard-wired fire alarm network throughout the main house and Cottage. Outdoor Living: Professional landscaping including blue stone patio extensions, new metal railings, and a massive one-acre yard that provides rare privacy for a multi-family site. Investment Snapshot Revenue: Three distinct units with rents ranging from $2,200 to $3,000+ per month. Value Add: The oversized one-acre lot and separate cottage footprint offer long-term land value and privacy that standard multi-families cannot match. Whether you are looking for a rock-solid addition to your portfolio or a multi-generational living solution, 1048-1052 Prospect Street delivers modern luxury backed by rigorous mechanical updates. Rent Growth: Rents in Ewing have increased by 9.09% to 16% year-over-year as of April 2026. Stop looking for “fixer-uppers” and start collecting $7,000+ in gross monthly revenue from day one.

Location

State NJ

County Mercer

Area Ewing Twp (21102)

Zoning RES

Interior

Hot Water Natural Gas

Heating Radiator, Wall Unit

Cooling Central A/C, Ceiling Fan(s), Ductless/Mini-Split, Multi Units

Flooring Wood, Vinyl

Fireplaces Number 1

Equipment Oven/Range - Gas, Refrigerator, Dishwasher, Washer, Dryer

Fireplace Y

Appliance Oven/Range - Gas, Refrigerator, Dishwasher, Washer, Dryer

Heat Source Natural Gas

Exterior

Garage Spaces 6.0

Water Access N

Roof Type Shingle

Accessibility None

Total Parking Spaces 6

Garage N

Building

Foundation Brick/Mortar, Concrete Perimeter

Above Ground Finished SqFt 3818

Sewer Public Sewer

Water Public

Architectural Style Colonial, Cottage

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Ewing Township Public Schools

Others

Tax ID 02-00025-00013

Ownership Fee Simple

SqFt Source 3818

Special Listing Condition Standard

Virtual Tour https://my.matterport.com/show/?m=g1tw6oSCBwn&brand=0

Bright MLS (BMLS)
Nearby Locations

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Tanea Hoffman

Tanea Hoffman

REALTOR® | License ID: NJ 2185133

+1(609) 781-6714

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1048-1052 PROSPECT