39-49 Tucker St 28,000 SF 38% Leased Industrial Building Trenton, NJ 08618 For Sale

Investment Sale Note
39–49 Tucker Street – Trenton, New Jersey
The property located at 39–49 Tucker Street, Trenton, NJ presents a strong redevelopment and income-producing opportunity in a growing rental market within Mercer County.
The project allows for the development of approximately 34 studio apartments on the second and third floors, while maintaining potential income-producing commercial or mixed-use space on the ground floor. The concept is designed to respond to the increasing demand for affordable and workforce housing in the Trenton area.
Trenton continues to experience strong demand for smaller rental units due to its proximity to government offices, transportation hubs, healthcare employers, and nearby economic centers such as Princeton and Hamilton Township. Studio apartments have become increasingly attractive to young professionals, service workers, and individuals seeking affordable housing close to employment and public transportation.
The proposed redevelopment would include the construction of 34 efficient studio units, designed with modern layouts and practical living spaces. These units can include updated kitchens, private bathrooms, energy-efficient systems, and shared building amenities such as laundry and secure access.
Based on current market data in Trenton, studio apartments are renting between $1,050 and $1,250 per month, depending on finishes and amenities. Using a conservative rental estimate of $1,100 per unit, the projected residential income from the 34 units would be:
34 Units × $1,100 = $37,400 monthly rental income
This represents an estimated annual residential gross income of approximately $448,800 once the property is fully completed and stabilized.
In addition to residential income, the ground floor commercial or mixed-use space may provide additional revenue depending on tenant type and lease structure, creating an opportunity to further strengthen the building’s overall income performance.
To facilitate acquisition and development, the owner is open to providing seller financing (owner financing) for up to 50% of the purchase price. This structure can significantly reduce the capital required from investors and allow for a faster and more flexible transaction.
A typical structure may include:
• 50% buyer equity or institutional financing
• 50% seller financing provided by the owner
• Flexible interest terms depending on project structure
This financing structure creates an attractive opportunity for developers and investors seeking to participate in a value-add multifamily project with reduced upfront capital requirements.
The redevelopment of 39–49 Tucker Street represents a strategic opportunity to create new rental housing units in a market with limited supply of modern studio apartments, while generating long-term income and appreciation potential.
Trenton, as the capital of New Jersey, continues to see steady rental demand driven by government employment, service sector jobs, healthcare institutions, and regional connectivity to both Philadelphia and New York.
With the development of 34 studio apartments and potential commercial income, this project offers investors the ability to create a stable, income-producing multifamily asset in a growing urban market.
Interested investors, developers, or lending partners are encouraged to request additional information regarding development plans, financial projections, and acquisition structure.