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12-14 Murray Place

PRINCETON, NJ 08540
  • $2,700,000
  • STATUS: Active
  • ON SITE: 84 Days
  • ID#: NJME2067602
UPDATED: 228 min ago
$2,700,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,760
    SQFT
  • $469
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1870
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Location, location, location—set in Princeton’s highly sought-after Riverside neighborhood, this distinguished Victorian 3-Unit offers an exceptional walk-to-town lifestyle just steps from coffee shops, acclaimed restaurants, the post office, top-rated schools, and Princeton’s vibrant cultural and athletic venues. A truly rare opportunity for the discerning investor or owner-occupant, this fully renovated residence delivers strong rental demand and an impressive net operating income. Thoughtfully reimagined in 2022, each unit was meticulously updated with modern kitchens, refreshed baths, newer appliances, upgraded split HVAC systems, and three separate furnaces, ensuring comfort, efficiency and ease of management. The generously sized residences include a 5-bedroom / 3-bath, 3-bedroom / 2-bath and a 2-bedroom / 1-bath layout. The property has been maintained, painted inside and out and is truly turnkey. Ideal for an owner-occupant, the expansive 5-bedroom unit is fully available (past rent of $7800/mo), while the two remaining apartments are currently leased, generating nearly $8,500 per month in rental income. Completing the offering is a convenient driveway parking and permitted street parking, immediate access to the NYC bus line, and close proximity to the Princeton Junction train station. Blending historic charm with modern updates and prime location, this exceptional triplex is a standout addition to any sophisticated real estate portfolio.

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©2026 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Schiff Home Team | eXp Realty LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2026-01-13T23:50:59.907.
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12-14 Murray Place PRINCETON, NJ 08540

  • Price: $2,700,000
  • Status: Active
  • On Site: 84 Days
  • Updated: 228 min ago
  • ID#: NJME2067602
0
Beds
0
Baths
0
½ Baths
0.19
Acres
5,760
SQFT
$469
$/SQFT
1870
Built
Neighborhood:
Princeton (21114)
County:
Mercer
Area:
Princeton (21114)
Elementary School:
Riverside E.S.
Middle School:
John Witherspoon M.S.
High School:
Princeton H.S.
School District:
Princeton Regional Schools
Property Description
Location, location, location—set in Princeton’s highly sought-after Riverside neighborhood, this distinguished Victorian 3-Unit offers an exceptional walk-to-town lifestyle just steps from coffee shops, acclaimed restaurants, the post office, top-rated schools, and Princeton’s vibrant cultural and athletic venues. A truly rare opportunity for the discerning investor or owner-occupant, this fully renovated residence delivers strong rental demand and an impressive net operating income. Thoughtfully reimagined in 2022, each unit was meticulously updated with modern kitchens, refreshed baths, newer appliances, upgraded split HVAC systems, and three separate furnaces, ensuring comfort, efficiency and ease of management. The generously sized residences include a 5-bedroom / 3-bath, 3-bedroom / 2-bath and a 2-bedroom / 1-bath layout. The property has been maintained, painted inside and out and is truly turnkey. Ideal for an owner-occupant, the expansive 5-bedroom unit is fully available (past rent of $7800/mo), while the two remaining apartments are currently leased, generating nearly $8,500 per month in rental income. Completing the offering is a convenient driveway parking and permitted street parking, immediate access to the NYC bus line, and close proximity to the Princeton Junction train station. Blending historic charm with modern updates and prime location, this exceptional triplex is a standout addition to any sophisticated real estate portfolio.
Exterior Features

Architectural Style Victorian Construction Materials Frame Exterior Features SidewalksStreet LightsChimney Cap(s) Garage YN No Location Type Downtown Lot Features LandscapingLevelPrivateRear Yard Other Structures Shed Parking Features Paved Driveway Parking Types DrivewayOn Street Patio And Porch Features Porch(es)BalconyPatio(s)Wrap Around Pool No Pool Property Condition Excellent Road Responsibility Boro/Township Road Surface Type Black Top Roof SlateAsphalt View Garden/LawnStreet Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 5760 Appliances Built-In MicrowaveBuilt-In RangeDryerExhaust FanMicrowaveRefrigeratorRange HoodWasherDishwasher Basement FullUnfinished Basement YN Yes Below Grade Unfinished Area 1500 Cooling Ductless/Mini-Split Fireplace Features Non-Functioning Fireplace YN Yes Fireplaces Total 6 Flooring HardwoodLaminated Heating Radiator Heating YN Yes Inclusions All appliancesfixtures and shed as exist. Fireplaces and chimneys are decorative (non-functioning due to rental status) and all are in "as is" condition. Interior Features Additional StairwayWood Floors Laundry Type Dryer In UnitWasher In Unit Rooms Total 17 Single Room Units 0 Spa YN No Three Bedroom Units 1 Two Bedroom Units 1 Units Furnished None Walls Ceilings Dry WallPlaster Walls

Property Features

Acceptable Financing CashConventional Accessibility Features None Central Air YN No Cooling Fuel Electric Cross Street Nassau Electric 200+ Amp Service Existing Lease Type Yearly Foundation Details Stone Heating Fuel Natural GasElectric Historic YN No Hot Water Natural Gas Insurance Expense 8000.00 Lease Considered YN No Maintenance Expense 2000.00 Municipality PRINCETON Navigable Water YN N Net Operating Income 146097.00 New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Number Of Units Vacant 0 Operating Expense 49287.00 Original MLSNumber 804255894868 Owner Pays InsuranceLawn/Shrub CareSewerTaxes - Real EstateWater Ownership Interest Fee Simple Property Sub Type Triplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 37937.00 Tax Lot 00040 Total Actual Rent 195384.00 Transportation Bus Stop less than 1 mileCommuter Rail Station 1 to 5 miles Utilities Cable TVWater AvailableSewer AvailableNatural Gas AvailableElectric Available Vacation Rental YN No Water Source Public Window Features Double HungStorm Year Built Effective 2022 Zoning R3 Zoning Description 3 Family

Listing courtesy of BHHS Fox & Roach - Princeton: .


©2026 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Schiff Home Team | eXp Realty LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2026-01-13T23:50:59.907.
 
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