1. New Jersey
  2. Penns Grove
  3. 26 STATE STREET
$299,999

26 STATE STREET, Penns Grove, NJ 08069

  • 3,360 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1945
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $89/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Investment Opportunity at 24-26 State St.! This quadplex is a fantastic addition to any investor’s portfolio, offering significant potential for value appreciation. All four units are spacious one-bedrooms, with two currently occupied and two recently renovated and vacant. Rents are well below market value, presenting an excellent opportunity to maximize cash flow with proper adjustments. The fair market rent (FMR) for this building is a minimum of $5,000/month, making it a strong income-generating asset. Please note: The owner is an investor who has never visited the property, and both the owner and agent make no guarantees. With a little vision and strategic updates, this property could be a high-performing addition to your client’s portfolio. Don’t miss out on this promising investment—schedule a viewing today!

Listing Status:
Active
Date Added:
May 19, 2025 at 05:00AM
Listing Office:
Prime Realty Partners : 8562103000
Listing Agent:
John Rinick : 2672051824
MLS ID:
NJSA2014366
  • A/C: None
  • Heating: YForced AirNatural Gas
  • Disability Feature: None

This listing courtesy of John Rinick, Prime Realty Partners

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

F

Field Street School

144 Field St, Penns Grove, NJ, 08069

Grades 1-3

0.64 miles away

P

Penns Grove Middle School

351 E Maple Ave, Penns Grove, NJ, 08069

Grades 6-8

0.69 miles away

P

Penns Grove High School

334 Harding Hwy, Penns Grove, NJ, 08069

Grades 9-12

1.13 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.