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$277,000

  • Sold
  • Closed
  • Multi-Family
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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!

Full Property Details for 26 State St

General

  • Sold For: $277,000
  • Taxes: $7,781 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: BrightMLSPhilly
  • MLS ID: NJSA2014366
  • Added to Site: 289 day(s) ago

Parking

  • Parking Type: Driveway, On Street

Location

  • Area: Penns Grove Boro (21708)
  • Municipality: PENNS GROVE BORO
  • County: Salem
  • Driving Directions: gps

School Information

  • School District: Penns Grove-Carneys Point Schools

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: A-Frame
  • Architectural Style: A-Frame
  • Structure Type: Detached
  • Construction: Block, Vinyl Siding
  • Foundation: Block
  • Stories/Levels: 0
  • Square Feet: 3,360
  • Sq. Ft. Source: Estimated
  • Living Area: 3,360 Sq. Ft.
  • Finished Above Grnd: 3,360 Sq. Ft.
  • Year Built: 1945
  • Year Built Source: Estimated

Unit Information

  • 1 Bedroom Units: 4

Lot Features

  • Lot Size Source: Estimated
  • Lot Dimensions: 50.00 x 0.00
  • Zoning: -

Financial Considerations

  • Price Per Sq. Ft.: $89.29
  • Assessment Year: 2024
  • Tax w/Assessment: $140,300
  • Tax Amount: $7,781
  • Tax Year: 2024
  • Terms: Standard Sale

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: tenants personal property
  • Inclusions: all appliances
  • Lot Number: 10

Listed by Prime Realty Partners, John Rinick
Sold by HomeSmart First Advantage Realty, Yekaterina Favorito

Listing agent

— 26 State St —

  • John Rinick

    Prime Realty Partners

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 26 State St

School District:Penns Grove-Carneys Point Regional School District
NameGradesDistance
Paul W. Carleton Elementary School
251 East Maple Avenue, Penns Grove, NJ 08069
4-50.6 mi
Field Street Elementary School
144 Field Street, Carneys Point Township, NJ 08069
1-30.6 mi
Lafayette-Pershing Elementary School
237 Shell Road, Carneys Point Township, NJ 08069
PK-K1 mi
Penns Grove Middle School
351 East Maple Avenue, Penns Grove, NJ 08069
6-80.7 mi
Penns Grove High School
334 Harding Highway, Carneys Point Township, NJ 08069
9-121.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 26 State St

Date
Details
Price
Change
Source
7/27/2025
Sold
$277,000
-7.67%
MLS
4/03/2025
Listed
$299,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Prime Realty Partners, John Rinick
Sold by HomeSmart First Advantage Realty, Yekaterina Favorito

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Price Reduced near 26 State St

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395 Hickory Ave, Carneys Point, NJ 08069 - Photo 1 Price Reduced
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26 State Street, Penns Grove, NJ 08069 (MLS# NJSA2014366) is a Multi-Family property that was sold at $277,000 on July 27, 2025. Want to learn more about 26 State Street? Do you have questions about finding other Multi-Family real estate for sale in Penns Grove? You can browse all Penns Grove real estate or contact a Coldwell Banker agent to request more information.