$277,000
SOLD JUL 27, 2025

26 State St Penns Grove, NJ 08069

-- Bed
-- Bath
3,360 Sq Ft
1945 Built

Recently Sold

$82 Per Sq Ft

8% Below List Price

82 Days on Market

About This Home

As of July 2025

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!

Last Agent to Sell the Property

John Rinick

(267) 205-1824 johnrinick@yahoo.com Prime Realty Partners Listed on: 04/03/2025

Prime Realty Partners

Last Buyer's Agent

Yekaterina Favorito

yfavorito@weichert.com HomeSmart First Advantage Realty License #1645183

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,781

Year Built

  • Built in 1945

Lot Details

  • Lot Dimensions are 50.00 x 0.00

Home Design

  • 3,360 Sq Ft Home
  • Quadruplex
  • A-Frame Home
  • Block Foundation
  • Vinyl Siding

Parking

  • Driveway
  • On-Street Parking

Utilities

  • Forced Air Heating System
  • Electric Water Heater

Community Details

  • 4 Units
  • 2 Vacant Units

Listing and Financial Details

  • Tax Lot 00010
  • Assessor Parcel Number 08-00063-00010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,781

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: A-Frame
  • Ownership: Fee Simple
  • Exclusions: tenants personal property
  • Inclusions: all appliances
  • New Construction: No
  • Year Built: 1945
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Total Sq Ft: 3360
  • Living Area Sq Ft: 3360
  • Price Per Sq Ft: 89.29
  • Above Grade Finished Sq Ft: 3360
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block, Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway, On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Dimensions: 50.00 x 0.00
  • Lot Size Units: Square Feet

Rental Info

  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 2

Tax Info

  • Tax Annual Amount: 7781.00
  • Assessor Parcel Number: 08-00063-00010
  • Tax Lot: 00010
  • Tax Year: 2024

MLS Schools

  • School District Name: PENNS GROVE-CARNEYS POINT SCHOOLS

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/01/2025 12/01/25 For Rent $1,500 -99.5% --
11/25/2025 11/25/25 Under Contract -- -- --
07/27/2025 07/27/25 Sold $277,000 -7.7% $82 / Sq Ft
06/24/2025 06/24/25 Pending -- -- --
05/19/2025 05/19/25 For Sale $299,999 0.0% $89 / Sq Ft
04/20/2025 04/20/25 Pending -- -- --
04/03/2025 04/03/25 For Sale $299,999 +81.8% $89 / Sq Ft
01/03/2018 01/03/18 Sold $165,000 +6.5% $60 / Sq Ft View Prior Sale
12/14/2017 12/14/17 Pending -- -- --
03/31/2016 03/31/16 For Sale $154,900 -- $56 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Yekaterina Favorito

    Seller's Agent in 2025

    Yekaterina Favorito

    HomeSmart First Advantage Realty

    (570) 855-2602

    1 in this area

    27 Total Sales

    Yekaterina Favorito
    Section Image

  • J

    Seller's Agent in 2025

    John Rinick

    Prime Realty Partners

    (267) 205-1824

    6 in this area

    70 Total Sales

    John Rinick
    Section Image

  • B

    Seller's Agent in 2018

    BETSEY DEFILLIPPIS

    RE/MAX

  • Michael DeFillippis

    Seller Co-Listing Agent in 2018

    Michael DeFillippis

    RE/MAX

    (856) 207-9077

    4 in this area

    137 Total Sales

    Michael DeFillippis
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: NJSA2014366

Bright MLS

APN: 08 00063-0000-00010

New Jersey Salem County Penns Grove 08069

26 State St, Penns Grove, NJ

Sold

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