Closed$169,900
TLC ≈ $1,531/mo
1 1 800 sqft
316 Meadow Woods Lane, Lawrence, NJ 08648
16 Lanning Street, Ewing, NJ 08618
$399,000
0 beds 2 baths 1,450 sqft Built 19552 days on marketActive
About this home
Attention investors and parents of college students! This turn-key, as-is 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 & As-Is: Solid cash-flowing asset being sold strictly in as-is conditionperfect 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 fastproperties this close to campus rarely last!
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 4% APR.
Your estimated payment
$3,339/mo
- Real estate (PITI + HOA + PMI)
- $2,995
- Utilities
- $494
- Transportation
- $143
- Other (entertainment)
- $158
Principal + interest$1,810
Property tax + insurance$1,035
PMI / 2nd mortgage$150
Heating + cooling$85
Internet + TV + phone$158
Water + sewer + garbage$58
Car insurance + maintenance$143
Budget$5,000/mo
Remaining after TLC$1,661/mo
Purchase price
$399,000
Down payment
$19,950 (5%)
Loan amount
$379,050
APR
4%
Quick facts
Type
2 Family
Style
—
Year built
1955
Lot size
0.1797 ac
Stories
2
Heating
Forced Air
Cooling
A/C Wall Unit(s),A/C Window Unit(s)
Water
Well
HOA
—
Annual tax
$7,425
MLS #
2706908R
County
Mercer
At a glance
Basement
Home features
Appliances
Water Heater(Gas)Water Heater
Interior
Unit 1(2 BedroomsKitchen1 BathLiving Room)Unit 2(1 BedroomKitchen1 BathLiving Room)
Exterior
Yard
Parking
3-4 Car ParkingOn Street
Roof
Asphalt
Sewer
Public Sewer
Ownership
Fee Simple
Lot features
Interior Lot
Neighborhood — 08618
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 39,285 | 8,832,837 | 299,088,112 |
| Population Change Since1990 | -1.00% | 14.00% | 20.00% |
| Population Density | 6,900 | 1,137 | — |
| Male | 18,163 | 4,307,827 | 147,432,321 |
| Female | 21,122 | 4,525,010 | 151,655,844 |
| Never Married | 15,276 | 1,965,811 | 63,775,926 |
| Married | 8,561 | 3,647,435 | 123,120,365 |
| Separated | 2,465 | 391,239 | 12,639,686 |
| Widowed | 2,037 | 515,172 | 15,467,586 |
| Divorced | 2,633 | 529,393 | 23,075,029 |
| Number Of House Hold | 12,850 | 3,167,345 | 111,826,380 |
| Average House Hold Size | 2.68 | 2.73 | 2.60 |
| Medial Age | 29.57 | 37.15 | 35.46 |
| Median House Hold Income | $39,780 | $63,392 | $48,276 |
| Average House Hold Income | $49,269 | $83,312 | $63,629 |
| P C I | $18,259 | $30,662 | $24,529 |
| M D I | $34,768 | $52,505 | $41,133 |
| A T H E | $43,097 | $61,369 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 87.32% | 81.02% | 77.74% |
(Zip) Code
8618
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 10/26/2026. Provided courtesy of ORANGE KEY REALTY, INC. via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.