$149,000
- Studio
- 1,176 Sq Ft
94 N Virginia Ave, Penns Grove, NJ 08069
Jill Stout Castle Agency LLC
3
Penns Grove, NJ Multifamily Homes & Duplexes for Sale
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94 N Virginia Ave, Penns Grove, NJ 08069
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Explore Penns Grove
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$295,900
- Studio
- 2,537 Sq Ft
14 Railroad Ave, Penns Grove, NJ 08069
14 Railroad Ave, Penns Grove, NJ 08069Scott Kompa EXP Realty, LLC
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$475,000
- Studio
- 4,134 Sq Ft
325 N Broad St, Penns Grove, NJ 08069
325 N Broad St, Penns Grove, NJ 08069Kate Henderson Keller Williams Hometown
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
On average, homes in Penns Grove, NJ sell after 30 days on the market compared to the national average of 70 days. The median sale price for homes in Penns Grove, NJ over the last 12 months is $439,971, up 118% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$439,971
Median Single Family Sale Price
$439,971
Median Townhouse Sale Price
$112,500
Average Price Per Sq Ft
$154
Number of Homes for Sale
1
Last 12 months Home Sales
9
Months of Supply
1.30
Median List Price
$439,971
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
118%
In Penns Grove, there are currently 3 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $149,000 to $475,000, there's a range to accomodate every budget. As of August, 2025 the median home price in Penns Grove is $439,971, while the average sale price is $316,042, offering insights into the local housing market. On average, multi-family homes spend 30 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Penns Grove, NJ.
Penns Grove Types of Homes for Sale
More About Living in Penns Grove
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