Quadplex in Pittsgrove Township! This turnkey quadplex checks all the boxes: high cap rate, immediate cash flow, no HOA or utility burdens, and an ideal tenant-friendly location. With rents totaling over $8,000/month and expenses under control, this is a rare opportunity to earn over $1,100/month net even with today’s rates. Whether you're looking for a passive buy-and-hold or a high-equity, long-term strategy—1123 Almond Road delivers All four townhome units feature 2 bedrooms, 1.5 bathrooms, and full, unfinished basements with washer & dryer hookups in each unit—ideal for long-term tenant appeal. The property offers paved parking and is tucked away in a quiet, private setting that backs to trees and a stream flowing into Parvin Lake. Located directly across from Pittsgrove Middle School and within walking distance to Parvin State Park, Centerton Inn, Anderson’s Country Store, and Centerton Pond, this location offers both convenience and charm. Whether you're a seasoned investor or new to multi-family properties, this is a strong cash-flowing asset with excellent long-term potential. Additional documents are available in the document section, including a full financial breakdown, cap rate details, and rental projections—everything you need to evaluate this exceptional opportunity. Contact the listing agent today for more details or to schedule a private showing!
Sold for $855,000
$855,000
1123 Almond Rd, Pittsgrove, NJ 08318
8beds
8baths
4,584sqft
Townhouse
Built in 1974
-- sqft lot
$867,100 Zestimate®
$187/sqft
$1,839 Estimated rent
Home value
$867,100
$503,000 - $1.48M
$1,839/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 17, 2025 at 09:44am
Listed by:
Jennifer Ferrara 856-812-8198,
Keller Williams Prime Realty
Bought with:
Carlo Drogo SR.
EXP Realty, LLC
Source: Bright MLS,MLS#: NJSA2015456
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Basement
- Area: 382
Heating
- Baseboard, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Range Hood, Refrigerator, Microwave, Electric Water Heater
Features
- Built-in Features, Family Room Off Kitchen, Open Floorplan
- Flooring: Carpet, Ceramic Tile
- Windows: Energy Efficient
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 4,966
- Total interior livable area: 4,584 sqft
Property
Parking
- Parking features: Asphalt, Free, General Common Elements, Driveway, Paved, Private, Secured, Parking Lot
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Exterior features: Lighting, Street Lights, Sidewalks
- Pool features: None
- Has view: Yes
- View description: Creek/Stream, Street, Trees/Woods
- Has water view: Yes
- Water view: Creek/Stream
- Waterfront features: Creek/Stream
- Frontage length: Water Frontage Ft: 50
Lot
- Size: 0.98 Acres
- Features: Rear Yard
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 110170200010
- Zoning: R1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Townhouse
Materials
- Vinyl Siding, Brick
- Foundation: Block
- Roof: Pitched,Shingle
Condition
- Very Good,Good
- New construction: No
- Year built: 1974
- Major remodel year: 2009
Utilities & green energy
- Sewer: Private Sewer, On Site Septic
- Water: Private
- Utilities for property: Cable Connected, Electricity Available
Community & neighborhood
Location
- Region: Pittsgrove
- Municipality: PITTSGROVE TWP
HOA & financial
Other financial information
- Total actual rent: 96600
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Income includes: Parking, Laundry
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 10/17/2025 | Sold | $855,000+0.6%$187/sqft |
Source:  Bright MLS #NJSA2015456 Report a problem | ||
| 10/15/2025 | Pending sale | $850,000$185/sqft |
Source: Bright MLS #NJSA2015456 Report a problem | ||
| 9/18/2025 | Contingent | $850,000$185/sqft |
Source: Bright MLS #NJSA2015456 Report a problem | ||
| 8/11/2025 | Price change | $850,000-5.6%$185/sqft |
Source: Bright MLS #NJSA2015456 Report a problem | ||
| 7/24/2025 | Listing removed | $2,100 |
Source: Bright MLS #NJSA2015478 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,927 | $315,900 |
| 2024 | $12,927 +0.6% | $315,900 |
| 2023 | $12,851 +4.2% | $315,900 |
Find assessor info on the county website
Neighborhood: 08318
Nearby schools
GreatSchools rating
- 5/10Pittsgrove Twp Middle SchoolGrades: 5-8Distance: 0.2 mi
- 3/10Arthur P Schalick High SchoolGrades: 9-12Distance: 0.3 mi
- 7/10Olivet SchoolGrades: 2-4Distance: 1.7 mi
Schools provided by the listing agent
- District: Pittsgrove Township Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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