Nestled in the heart of Pennington, New Jersey, this classic colonial offers a rare opportunity for flexible living and investment potential! Currently configured as a multi-family home with separate upstairs and downstairs units, it provides the perfect setup to live in one unit while renting the other or seamlessly converting it back into a spacious 4-5 bedroom, 2-bath single-family residence thanks to an intact center staircase. Inside, this home brims with character and potential. The expansive attic is a blank canvas—imagine a recreational space, home office, or even a spacious primary suite. The large basement and a two-car garage offer even more storage and functionality. New mechanical updates, including a range, radon treatment system, sump pump, and water treatment system, ensure peace of mind for years to come. While the existing kitchens have been updated, the first floor presents the perfect opportunity to design a modern, open-concept space that suits a larger home. With beautiful colonial details, natural light-filled rooms, and a fantastic layout, this home is ready to be transformed to meet your vision. Location is everything, and this home delivers—just a short walk to downtown Pennington, parks, and scenic hiking trails; this property offers the perfect blend of convenience and outdoor enjoyment. Don’t miss out on this incredible home filled with potential! Whether you’re looking for an investment, a transitional living situation, or your forever home, this property is ready to make your dreams a reality.