Pennington, NJ Residential income properties 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.

Two-Unit Residential Income Property

79 MODEL Avenue, Hopewell, NJ 08525

$600,000

2,191 sqft 0.31 AC lot

Two self-contained units with driveway parking and backyard space offer flexible living or rental income potential.

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Two-Unit Duplex with Separate Systems

2126 PRINCETON Pike, Trenton, NJ 08648

$600,000

1,646 sqft 0.17 AC lot

Well-maintained duplex with two bedrooms per unit, separate utilities, and individual HVAC for flexible owner or tenant use.

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Well-Maintained Duplex Investment Opportunity

902 OHIO AVE AVENUE, Trenton, NJ 08638

$370,000

0.06 AC lot

Duplex with garage, tenant history, well-maintained in a quiet neighborhood.

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Partially Renovated Two-Family Home

97 Oregon Ave, Ewing Township, NJ 08638

$474,999

Two-family home in desirable neighborhood with renovation options.

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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.

Buildable Lot in Pennington, NJ

Pennington, NJ 08534

$350,000

Approved 2.39-acre lot for custom home with skyline views.

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Buildable Lot in Pennington, NJ

Pennington, NJ 08534

$350,000

Approved 2.39-acre lot in Pennington, NJ with skyline views.

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Pennington Buildable Lot with Views

Pennington, NJ 08534

$350,000

2.08 acre buildable lot in Pennington, New Jersey.

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Vacant Corner Lot in Trenton

101-103 SHERMAN Avenue, Trenton, NJ 08638

$65,000

0.08 AC lot

Vacant corner lot zoned RB, potential for multi-family dwelling.

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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 Residential Income Properties Market Trends and Statistics

Explore 4 residential income properties 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 residential income properties 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 Residential Income Properties for Sale

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

17-19 W Delaware Avenue, Pennington, NJ 08534