$425,000
SOLD JUL 23, 2025

401 Morgan Ave Palmyra, NJ 08065

5 Beds
2 Baths
1,989 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$214 Per Sq Ft

1% Above List Price

68 Days on Market

Highlights

  • Cooling Available
  • Hot Water Heating System
  • 2 Car Garage

About This Home

As of July 2025

This well-maintained duplex features one 2-bedroom, 1-bath unit and one 3 bedroom 1 bath unit each offering recent updates as well separate entrances in the front and back of each unit. Unit 1 has been recently upgraded with new replacement windows, hardwood oors, new vinyl plank ooring in the kitchen and bathroom, a new exterior door, and freshly painted bedrooms. This unit also has access to the basement and laundry. Currently tenant-occupied, the tenant would prefer to stay, but the unit can be delivered vacant if preferred. Unit 2 is vacant and has also been freshly painted and features renished hardwood oors, new vinyl plank ooring in the kitchen and bathroom, replacement windows, a new exterior door, as well as a private rooftop deck overlooking the backyard. Estimated rent for

Last Agent to Sell the Property

Michael Bruccoliere

MBR Realty Inc. License #7811371 Listed on: 03/28/2025

Last Buyer's Agent

NON MEMBER MORR

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,743

Year Built

  • Built in 1910

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 58 x 150

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,989 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Stove

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling Available
  • Furnace
  • Hot Water Heating System
  • Separate Meters
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for hot water
  • Assessor Parcel Number 27-00088-0000-00001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,743

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1910
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 58 x 150
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Parking Spaces: 2.0
  • Unit 1 Electric Meter: Yes
  • Unit 1 Washer2: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Gas Stove2: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Acres: 0.2
  • Waterfront: No

Garage/Parking

  • Garage: Yes
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Info:Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating:Hot Water2: Yes

Lot Info

  • Lot Dimensions: 58 x 150
  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-00088-0000-00001

Rental Info

  • Tenant Pays: Hot Water

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8743.0
  • Tax Other Annual Assessment Amount: 202200.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2002
Sold by
Morris Robin R and Rivers Russell P
Bought by
Rivers Michael and Rivers Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.24%
Source: Public Records

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Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer $135,000 Collegiate Title & Abstract
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $110,600 New Conventional
Closed $108,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 Sold $425,000 +1.2% $214 / Sq Ft
06/04/2025 06/04/25 Pending -- -- --
03/28/2025 03/28/25 For Sale $420,000 0.0% $211 / Sq Ft
08/01/2014 08/01/14 Rented $1,000 -9.1% --
07/03/2014 07/03/14 Under Contract -- -- --
05/03/2014 05/03/14 For Rent $1,100 +10.0% --
03/03/2013 03/03/13 Rented $1,000 -9.1% --
02/12/2013 02/12/13 Under Contract -- -- --
12/07/2012 12/07/12 For Rent $1,100 -- --
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,561 $202,200 $63,600 $138,600
2023 $8,561 $202,200 $63,600 $138,600
2022 $8,359 $202,200 $63,600 $138,600
2021 $8,068 $202,200 $63,600 $138,600
2020 $8,098 $202,200 $63,600 $138,600
2019 $7,843 $202,200 $63,600 $138,600
2018 $7,732 $202,200 $63,600 $138,600
2017 $7,633 $202,200 $63,600 $138,600
2016 $7,483 $202,200 $63,600 $138,600
2015 $7,376 $202,200 $63,600 $138,600
2014 $7,051 $202,200 $63,600 $138,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22508775

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00088-0000-00001