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Carneys Point, NJ Multifamily Home for Sale

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    $475,000

    • Studio
    • 4,134 Sq Ft

    325 N Broad St, Penns Grove, NJ 08069

    **This property will be available on Saturday, April 19th, from 10:00-11:00 am for showings.** Great Investment opportunity! Gross rents are currently at $5250 per month. Two 3 bed 1 bath units and 2 two bed 1 bath units located on the first floor. This building has had the majority of its major functions updated. The building had new electric ran to every unit in 2023/24, new windows in

    Kate Henderson Keller Williams Hometown

    325 N Broad St, Penns Grove, NJ 08069

Why Live in Carneys Point

Along the east bank of the Delaware River and 10 miles from Wilmington, Delaware, Carneys Point is a township of approximately 8,800 residents that rose alongside Wilmington's iconic DuPont company in the early 20th century. More than a century later, most of this New Jersey community's residents still live in the homes that prior generations built to house the factory workers. "Most of Salem County is extremely rural. Many of the surrounding townships still don't have Wi-Fi. However, Carneys Point does, and we expect much more growth in the coming years," says Jennifer Jones, executive director and chief operating officer of Salem County Chamber of Commerce. New construction is rising as the township and county aim to expand in residential and commercial corridors. Tucked between the borough of Penns Grove and on the cusp of farmland, Carneys Point blends rural landscapes with a small town brimming with local businesses that plan to keep growing. Quiet tree-lined streets give way to 20th-century single-family homes on roomy lots, while several new 21st-century subdivisions are popping up. Median home prices hover around $225,000, ranging from the low $100,000s to mid-$400,000s.

Home Trends in Carneys Point, NJ

Housing Trends

Median Single Family Sale Price
$218,000
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