About this home

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.

What it's like to live here

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Listed by

Peter San Paolo

Home Journey Realty

peter.sanpaolo@foxroach.com

Property details

Price: $1,300,000
Bedrooms: 0
Bathrooms: 0
Interior: 1,808 sqft
Price / sqft: $719
Year built: 1920
Lot size: 11,761 sqft
Type: Multi-Family
Days on market: 345
Est. property tax: $32,110/yr · $2,676/mo · 2.47% NJ avg

Estimated monthly payment

Down payment20% ($260,000)

Interest rate6.75%

Principal & Interest$6,745

Property Tax$1,192

Insurance$150

Total$8,087/mo

Can I afford this?

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Price history

$1K · Sep 11$1.30M · Jun 25

Jun 11, 2025$1,300,000Initial list price
Dec 28, 2013$279,900Price change
Dec 22, 2013$279,900Relisted
Dec 1, 2013$279,900Price change
Nov 6, 2013$279,900Relisted
Oct 6, 2013$279,900Price change
Oct 2, 2013$279,900Relisted
Aug 31, 2013$349,900Price change
Jul 30, 2013$349,900Price change
Mar 6, 2013$359,900Price change
Nov 15, 2012$369,900Price change
Sep 27, 2012$399,000Initial list price
Dec 7, 2011$1,200Price change
Oct 4, 2011$1,195Price change
Sep 24, 2011$1,195Price change

Location

This home is located in Princeton, NJ, in the New Jersey area. Browse more Princeton listings on the Princeton market page or explore the full Princeton market report.