Date
Details
Price
Change
Source
8/25/2026
Listed
$325,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$325,000 Just Listed
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Property Description
INVESTOR OPPORTUNITY - TWO-UNIT DUPLEX WITH STRONG IN-PLACE INCOME & SIGNIFICANT RENTAL UPSIDE! Whether you're a first-time investor looking to build your rental portfolio or an experienced investor searching for your next income-producing property, 60-62 Franklin Street offers an excellent opportunity to own a fully occupied duplex with two exceptionally large units and established tenants. Each side features 6 bedrooms, providing substantial living space and strong rental potential. Both units are currently occupied, providing an investor with immediate rental income from day one while also offering potential upside as rents are brought closer to current market levels over time. Unit 60 features a long-term tenant who has called the property home for more than 40 years. Current rent is $1,600 per month. Unit 62 has been occupied by the current tenants since November 2023 and currently generates $1,800 per month in cash rent. Combined, the property currently produces $3,400 per month, or $40,800 annually, in gross scheduled rental income. The current rents also present an attractive opportunity for investors focused on long-term income growth. HUD's FY2026 Fair Market Rent data for ZIP Code 08069 indicates a $2,423 monthly FMR for a 4-bedroom unit. While HUD does not publish a separate standard FMR above four bedrooms, these properties offer six bedrooms per side, creating an interesting opportunity for an investor to evaluate the units based on their size, configuration, condition, and the local rental market. With two occupied units, established rental history, Section 8 income on one side, and substantial bedroom counts, 60-62 Franklin Street is a property that can appeal to both the investor looking for immediate income and the investor looking to identify additional upside through future rent optimization. Current Gross Income: $3,400/month | $40,800/year Bring your investment strategy and take advantage of the opportunity to own a large, income-producing duplex in Penns Grove.
Full Property Details
Full Property Details for 60-62 Franklin St
General
- Price: $325,000
- Taxes: $4,519 (2025)
- Status: Active
- Type: Single Family
- Source: BrightMLSPhilly
- MLS ID: NJSA2019906
- Updated: Today (8/25/2026)
- Added to Site: Today
Exterior
- Exterior Features: Sidewalks, Street Lights
Parking
- Parking Type: On Street
Location
- Area: Penns Grove Boro (21708)
- Municipality: PENNS GROVE BORO
- County: SALEM
- Cross Streets: E Pitman
- Driving Directions: GPS
School Information
- School District: Penns Grove-Carneys Point Schools
- Elementary School: Field Street School
- Middle School: Penns Grove
- High School: Penns Grove
Heating & Cooling
- Cooling Type: None
- Cooling Fuel: Electric
- Heating Type: Radiator
- Heating Fuel: Oil
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV Available
Structural Information
- Architectural Style: Other
- Structure Type: Detached
- Construction: Vinyl Siding
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Foundation: Concrete Perimeter
- Roof: Pitched, Shingle
- Square Feet: 3,687
- Sq. Ft. Source: Assessor
- Living Area: 3,687 Sq. Ft.
- Finished Above Grnd: 3,687 Sq. Ft.
- Year Built: 1910
- Year Built Source: Assessor
- Property Condition: Good
Unit Information
- Other Units: Unit 1, Unit 1
Lot Features
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,363
- Lot Size Source: Assessor
- Lot Dimensions: 58 x 178
- Zoning: RES
- Fencing (Description): Other
Financial Considerations
- Price Per Sq. Ft.: $88.15
- Assessment Year: 2021
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $80,000
- Tax Amount: $4,519
- Tax Year: 2025
- Tax Total Finished Sq. Ft.: 3687
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 6
Listed by Family Five Homes, Harrison Coblentz
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 60-62 Franklin St —
Harrison Coblentz
Family Five Homes
Listing Office Email: familyfivehomes@comcast.net
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 60-62 Franklin St
School District:Penns Grove-Carneys Point Regional School District
| Name | Grades | Distance |
|---|---|---|
Field Street Elementary School 144 Field Street, Carneys Point Township, NJ 08069 | 1-3 | 0.7 mi |
Paul W. Carleton Elementary School 251 East Maple Avenue, Penns Grove, NJ 08069 | 4-5 | 0.9 mi |
Lafayette-Pershing Elementary School 237 Shell Road, Carneys Point Township, NJ 08069 | PK-K | 1.3 mi |
Penns Grove Middle School 351 East Maple Avenue, Penns Grove, NJ 08069 | 6-8 | 1 mi |
Penns Grove High School 334 Harding Highway, Carneys Point Township, NJ 08069 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 60-62 Franklin St
Estimate the Cost
Estimate the Cost for 60-62 Franklin St
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- Single Family
- Active
- Updated 4 days ago
- 2Beds
- 1Total Bath
- 100Sq. Ft.
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- Active
- Updated 5 days ago
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- 2Total Baths
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- Townhouse
- Active
- Updated 4 days ago
- 4Beds
- 4Total Baths
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Listed by Ashley Moret (302) 607-4935
- Single Family
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- Single Family
- Active
- Updated 6 days ago
- 2Beds
- 1Total Bath
- 1,142Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 5Beds
- 3Total Baths
- 2,400Sq. Ft.
60-62 Franklin Street, Penns Grove, NJ 08069 (MLS# NJSA2019906) is a Single Family property with 0 bedrooms and 0 full bathrooms. 60-62 Franklin Street is currently listed for $325,000 and was received on August 25, 2026. Want to learn more about 60-62 Franklin Street? Do you have questions about finding other Single 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.