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Penns Grove, NJ Multifamily Homes & Duplexes for Sale

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    $270,000

    • Studio

    80 S Broad St, Penns Grove, NJ 08069

    This 4-unit mixed-use property presents a tremendous opportunity and includes two storefronts (totaling 4,024 sq. ft.) along with a separate two-unit duplex (2,250 sq. ft.). The duplex is fully rented with cooperative tenants, generating $1,575 per month for the 3BR/1BA unit and $1,350 per month for the 2BR/1BA unit, for a total annual rental income of $35,100. Both residential units are

    Carla Cornick Coldwell Banker Realty

    80 S Broad St, Penns Grove, NJ 08069
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    $249,999

    • Studio
    • 1,920 Sq Ft

    204 206 S Broad St, Penns Grove, NJ 08069

    Investor alert! This well-maintained duplex features two spacious units, each offering 3 bedrooms and 1 full bathroom. Both units are currently rented at $1,500/month, providing a solid $3,000/month in gross rental income.Each unit includes a private rear deck, giving tenants their own outdoor space and added privacy. The property is conveniently located near major highways, making it an

    Tamam Farhat Keller Williams Realty - Cherry Hill

    204 206 S Broad St, Penns Grove, NJ 08069

Why Live in Penns Grove

Penns Grove, NJ, a small community with a population of around 4,800, offers residents scenic views of the Delaware River and a peaceful, rural atmosphere. The town, once a bustling resort and the caviar capital of the world, now features a strong sense of community and family orientation. Homebuyers can find a variety of home styles, including Victorians, American Foursquares, Cape Cods, colonials, and ranch-style homes, many of which sit on larger lots with private driveways. The Delaware River Walkway provides a serene spot for fishing and enjoying views of Wilmington, Delaware, just a mile across the water. Dunn’s Park and Carney’s Point Recreational Park offer additional outdoor spaces with playgrounds and ball fields. Commercial activity is centered on Virginia Avenue, with stores like Rite Aid, Walgreens, and Dollar General, while local dining options include Di Paolo’s for Italian cuisine and Taquiera Atexquita for traditional Mexican food. Community events, such as the Penns Grove Day Parade, are held along the Delaware River Walkway. Transportation options include NJ Transit bus routes, with Wilmington, Delaware 12 miles away and Philadelphia 33 miles north.

Home Trends in Penns Grove, NJ

Housing Trends

Median Sale Price
$211,000
Median Single Family Sale Price
$220,000
Median Townhouse Sale Price
$112,500
Average Price Per Sq Ft
$173
Number of Homes for Sale
50
Last 12 months Home Sales
149
Months of Supply
4.00
Median List Price
$221,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-2%
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