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-16 Lanning Street, 
Ewing, NJ 08618

$399,000


—

Bed


2

Baths


1,450

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Michael Matthews

Orange Key Realty, Inc.

Last updated:

November 12, 2026, 07:03 PM

MLS#

2706908R

Source:

NJ MCMLS

About This Home

-16 Lanning Street

Attention investors and parents of college students! This turn-key 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: Solid cash-flowing asset being sold, perfect 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 fast, properties this close to campus rarely last!

Home Facts

Multi-Family

2 Baths

Built in 1955

Price Summary

399,000

$275 per Sq. Ft.

MLS #:

2706908R

Last Updated:

November 12, 2026, 07:03 PM

Added:

18 day(s) ago


Rooms & Interior

Bathrooms

Total Bathrooms:

2

Interior

Living Area:

1,450 Sq. Ft.


Structure

Structure

Building Area:

1,450 Sq. Ft.

Year Built:

1955


Lot

Lot Size (Sq. Ft):

7,827


Finances & Disclosures

Finances

Price:

$399,000

Price per Sq. Ft:

$275 per Sq. Ft.

Source:NJ MCMLS
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.