1052-1048-1052 Prospect St, Ewing, NJ

Real Estate

For Sale

Listed price in listed location currency (USD).

$699,900

000

MLS® NJME2076358

Key Facts
Description
Map

Key Facts

Type Triplex

Levels Residential Income

Size 3818 sqft

Garage No

Taxes $14,174

Days Active 1

Lot Size 1.05 acres

Approx. Age 1914

Avg. Price Per Sqft $183

MLS® Number NJME2076358

Property Address: 1052-1048-1052 Prospect St, Ewing, NJ, 08638-4814

Average square foot calculated using Size range provided by listing agent.

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.

MLS® NumberNJME2076358

Laundry Level

Central VacNo

FireplaceNo

Acreage1.05

Exterior

GarageNo

Approx. Age1914

Basement

DrivewayDriveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 4, 2026List Date

$699,900List Price

Commute

Commute

Starting Address

Destination Address

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