Pennington, NJ Apartment buildings for sale

Updated: May 12

Well-Maintained Multifamily in Pennington Borough

17 --19 W Delaware Ave, Pennington, NJ 08534

$1,175,000

Prime location in desirable Pennington Borough with walkable downtown, top‑rated schools, and easy access to major routes.
Significant income upside potential through organic rent growth and conversion of storage space into a 6th unit.
Solid financial performance: $106,486 gross revenue and $69,402 net operating income with a lean 34.8% expense ratio.
Recent capital improvements including a new roof, upgraded electrical systems, solar panels, and renovated kitchens, reducing future capital expenditure risk.
Well‑maintained 5‑unit multifamily building with a balanced unit mix (two 2‑bedroom and three 1‑bedroom apartments).

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Updated: Mar 24

5-Unit Multifamily Property with Solar

17-19 W Delaware Avenue, Pennington, NJ 08534

$1,175,000

Well‑maintained 5‑unit multifamily building in downtown Pennington Borough, built in 1860
Unit mix includes two 2‑bedroom and three 1‑bedroom apartments
Capital improvements include a new roof, upgraded electrical systems, solar panels, and renovated kitchens
Trailing 12‑month gross revenue of $106,486 with net operating income of $69,402 and a 34.8% expense ratio
In‑place rents suggest approximately $900/month organic growth, with 3rd‑floor storage conversion potential to add a 6th unit at an estimated $1,500/month

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Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 2 Active listings in Pennington, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Five-Unit Multifamily Asset

1114 STUYVESANT Avenue, Trenton, NJ 08618

$550,000

2,669 sqft 0.13 AC lot

Five-unit apartment building with updated units, private driveway, garages, and off-street parking.

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Mixed-Use Asset in Prime Location

2-8 W Bridge St, New Hope, PA 18938

$3,455,000

0.17 AC lot

Income-producing property in New Hope with diversified revenue streams.

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Downtown Mixed-Use Property

12-20 W Bridge St, New Hope, PA 18938

$3,985,000

Fully renovated mixed-use building with three storefronts and six residential apartments plus private off-street parking.

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Updated Multifamily Property in Trenton

12 Parkside Ave, Trenton, NJ 08618

$740,000

0.29 AC lot

Updated 6-unit multifamily property in Trenton's historic area.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Detached Two-Family Residence

69 Martense Street, Brooklyn, NY 11226

$1,888,888

0.10 AC lot

Detached two-family home with two 3-bedroom apartments and a semi-finished basement featuring a separate entrance.

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Central Business Zoned Development Land

107 HOWARD Street, La Plata, MD 20646

$250,000

0.23 AC lot

Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

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Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000

3.70 AC lot

Prime land near Shepherd University with development potential.

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Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Off-Market Properties in Pennington, NJ

Consider similar Off-Market properties in Pennington, NJ. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (UNDER 5 UNITS)

17-19 Delaware Ave, Pennington, NJ 08534-2216

Unit 19

Value Estimation by Request

3,944 sqft 0.19 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

Marsh Cor Woodsvl Rd, Pennington, NJ 08534

Value Estimation by Request

1,676 sqft 1.00 AC lot

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Pennington, NJ Apartment Buildings Market Trends and Statistics

Explore 4 apartment buildings for sale in Pennington, NJ on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $2,350,000.

Sale prices for two-family homes in Pennington, NJ start at $1,175,000, averaging $1,175,000, and reaching up to $1,175,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
08534	$1.2M

Neighborhood

Average Price

08534

$1.2M

Pennington, NJ Apartment Buildings for Sale

17 --19 W Delaware Ave, Pennington, NJ 08534

17-19 W Delaware Avenue, Pennington, NJ 08534