Penns Grove, NJ Multifamily Homes & Duplexes for Sale

/13
$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
/18
$299,999
- Studio
- 3,360 Sq Ft
26 State St, Penns Grove, NJ 08069

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

John Rinick Prime Realty Partners

26 State St, Penns Grove, NJ 08069
/8
$234,900
- 4 Beds
- 2 Baths
- 1,790 Sq Ft
63 N Broad St, Penns Grove, NJ 08069

Calling all investors and landlords—your next project awaits at 63 N Broad St! This 2 units of 2-bedroom 1-bathroom Two-family home in the heart of Penns Grove is a diamond in the rough, offering approximately 1,700 square feet of untapped potential on a sizable lot. Priced to sell and brimming with opportunity, this property is perfect for those ready to roll up their sleeves and turn a

Roumil Durante EXP Realty

63 N Broad St, Penns Grove, NJ 08069

New Jersey Penns Grove

Why Live in Penns Grove

Penns Grove is a small, rural neighborhood known for its scenic views of the Delaware River and a strong sense of community. With a population of around 4,800, it offers a peaceful and quiet environment. The area features 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. Residents can enjoy the Delaware River Walkway for fishing and relaxing, as well as Dunn’s Park and Carney’s Point Recreational Park for outdoor activities. The neighborhood's commercial hub is on Virginia Avenue, where you can find stores like Rite Aid, Walgreens, and Dollar General. Local dining options include Di Paolo’s for Italian cuisine, Coffee Lovers Café for baked goods and lattes, and Taquiera Atexquita for traditional Mexican food. Penns Grove is car-dependent, with NJ Transit bus routes running along Broad Street and Virginia Avenue. Wilmington, Delaware is 12 miles away, Philadelphia is 33 miles north, and Philadelphia International Airport is 20 miles away. The area is safer than the national average, making it a practical choice for families seeking a quiet, community-focused lifestyle.

Learn more about living in Penns Grove

Home Trends in Penns Grove, NJ

On average, homes in Penns Grove, NJ sell after 50 days on the market compared to the national average of 50 days. The median sale price for homes in Penns Grove, NJ over the last 12 months is $210,000, up 2% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$210,000

Median Single Family Sale Price

$215,750

Median Townhouse Sale Price

$112,500

Average Price Per Sq Ft

$168

Number of Homes for Sale

Last 12 months Home Sales

148

Months of Supply

3.30

Median List Price

$218,250

Median Change From 1st List Price

Median Home Sale Price YoY Change

How to Buy a Home How to Finance a Home How to Sell a Home

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 $234,900 to $475,000, there's a range to accomodate every budget. As of June, 2025 the median home price in Penns Grove is $218,250, while the average sale price is $220,834, offering insights into the local housing market. On average, multi-family homes spend 50 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

Homes in Nearby Neighborhoods

Homes in Nearby Cities

Homes in Nearby Counties

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage