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!
For sale
Price increase: $5K (4/3)
$299,999
26 State St, Penns Grove, NJ 08069
4beds
--baths
3,360sqft
Est.:
Quadruplex
Built in 1945
-- sqft lot
$-- Zestimate®
$89/sqft
$-- HOA
What's special
Spacious one-bedrooms
- 25 days
- on Zillow |
- 743 |
- 54 |
Zillow last checked: 7 hours ago
Listing updated: April 03, 2025 at 01:03am
Listed by:
John Rinick 267-205-1824,
Prime Realty Partners
Source: Bright MLS,MLS#: NJSA2014366

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Electric Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 3,360
- Total interior livable area: 3,360 sqft
Property
Parking
- Parking features: Driveway, On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Dimensions: 50.00 x 0.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 080006300010
- Zoning: -
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: A-Frame
- Property subtype: Quadruplex
Materials
- Block, Vinyl Siding
- Foundation: Block
Condition
- New construction: No
- Year built: 1945
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Penns Grove
- Municipality: PENNS GROVE BORO
Financial & listing details
- Price per square foot: $89/sqft
- Tax assessed value: $140,300
- Annual tax amount: $7,781
- Date on market: 4/3/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Private Financing Available
- Inclusions: All Appliances
- Exclusions: Tenants Personal Property
- Ownership: Fee Simple
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