Welcome to your next investment opportunity in Florence, NJ! This duplex presents a prime chance to capitalize on rental income and property appreciation. The first-floor unit offers an oversized 1 bedroom, 1 bathroom layout with a finished basement, perfect for immediate occupancy or rental. Meanwhile, the second-floor unit, with 2 bedrooms and 1 bathroom, is currently tenant-occupied, generating $1600 per month and expressing interest in a continued lease. Both units are updated and turnkey ready, promising low maintenance and high tenant satisfaction. With potential total rental income reaching $3400 per month and the added benefit of low taxes, this property stands as a solid investment choice. Located in a community renowned for its pride and convenience to public transportation, this duplex is a lucrative addition to any portfolio. Don't hesitate—seize this opportunity to secure your foothold in the flourishing Florence real estate market. Schedule your viewing today!
Sold for $350,000
$350,000
1016 W 3rd St, Florence, NJ 08518
3beds
--baths
2,063sqft
Duplex
Built in 1910
-- sqft lot
$388,700 Zestimate®
$170/sqft
$2,023 Estimated rent
Home value
$388,700
$369,000 - $408,000
$2,023/mo
Zestimate® history
Owner options
List your home for rent
$2,023/mo
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$2,023/mo
Rent Zestimate®
Refinance and save
$2,444/mo
Est. payment
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$2,444/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Melanie Elliott 267-243-8939,
Century 21 Veterans-Newtown
Bought with:
Rosemarie Jenkins, 1435739
Vylla Home
Source: Bright MLS,MLS#: NJBL2063876
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
Basement
- Area: 345
Heating
- Forced Air, Natural Gas
Cooling
- Window Unit(s), Electric
Appliances
- Included: Dryer, Oven/Range - Gas, Refrigerator, Washer, Gas Water Heater
Features
- Basement: Finished
- Has fireplace: No
Interior area
- Total structure area: 2,063
- Total interior livable area: 2,063 sqft
Property
Parking
- Total spaces: 2
- Parking features: On Street, Driveway
- Uncovered spaces: 2
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 3,450 sqft
- Features: Suburban
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 150000300001
- Zoning: RES
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Duplex
Materials
- Frame
- Foundation: Block
Condition
- Good
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Florence
- Municipality: FLORENCE TWP
HOA & financial
Other financial information
- Total actual rent: 19200
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 8/30/2024 | Sold | $350,000+7.7%$170/sqft |
Source:  Bright MLS #NJBL2063876 Report a problem | ||
| 7/22/2024 | Pending sale | $325,000$158/sqft |
Source: Bright MLS #NJBL2063876 Report a problem | ||
| 7/15/2024 | Contingent | $325,000$158/sqft |
Source: Bright MLS #NJBL2063876 Report a problem | ||
| 7/10/2024 | Listed for sale | $325,000$158/sqft |
Source: Bright MLS #NJBL2063876 Report a problem | ||
| 5/31/2024 | Pending sale | $325,000$158/sqft |
Source: Bright MLS #NJBL2063876 Report a problem | ||
| 4/23/2024 | Contingent | $325,000$158/sqft |
Source: Bright MLS #NJBL2063876 Report a problem | ||
| 4/19/2024 | Listed for sale | $325,000+44.4%$158/sqft |
Source: Bright MLS #NJBL2063876 Report a problem | ||
| 9/22/2022 | Sold | $225,000$109/sqft |
Source: Bright MLS #NJBL2028628 Report a problem | ||
| 8/11/2022 | Pending sale | $225,000$109/sqft |
Source: Berkshire Hathaway HomeServices Fox & Roach, REALTORS #NJBL2028628 Report a problem | ||
| 8/11/2022 | Contingent | $225,000$109/sqft |
Source: Bright MLS #NJBL2028628 Report a problem | ||
| 8/1/2022 | Listed for sale | $225,000$109/sqft |
Source: Bright MLS #NJBL2028628 Report a problem | ||
| 7/7/2022 | Pending sale | $225,000$109/sqft |
Source: Berkshire Hathaway HomeServices Fox & Roach, REALTORS #NJBL2028628 Report a problem | ||
| 7/7/2022 | Contingent | $225,000$109/sqft |
Source: Bright MLS #NJBL2028628 Report a problem | ||
| 6/25/2022 | Listed for sale | $225,000+73.1%$109/sqft |
Source: Bright MLS #NJBL2028628 Report a problem | ||
| 6/23/2005 | Sold | $130,000+100%$63/sqft |
Source: Public Record Report a problem | ||
| 1/10/2002 | Sold | $65,000$32/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,058 +38.3% | $181,500 +11.9% |
| 2024 | $3,658 | $162,200 +18.3% |
| 2023 | -- | $137,100 |
| 2022 | $3,580 +0.9% | $137,100 |
| 2021 | $3,548 +1.3% | $137,100 |
| 2020 | $3,503 +0.9% | $137,100 |
| 2019 | $3,473 +1.2% | $137,100 |
| 2018 | $3,430 +2% | $137,100 |
| 2017 | $3,364 -7.6% | $137,100 |
| 2016 | $3,640 +2.9% | $137,100 -9.4% |
| 2015 | $3,538 -2.2% | $151,400 |
| 2014 | $3,618 +4.8% | $151,400 |
| 2012 | $3,453 +3.2% | $151,400 |
| 2011 | $3,347 -7.6% | $151,400 |
| 2010 | $3,624 +0.8% | $151,400 +72.6% |
| 2009 | $3,597 +2.6% | $87,700 |
| 2008 | $3,506 +1.9% | $87,700 |
| 2007 | $3,441 +5.6% | $87,700 |
| 2006 | $3,258 +8.1% | $87,700 |
| 2005 | $3,013 +6.8% | $87,700 |
| 2004 | $2,822 | $87,700 |
| 2003 | -- | $87,700 |
| 2002 | -- | $87,700 |
| 2001 | -- | $87,700 |
Find assessor info on the county website
Neighborhood: 08518
Nearby schools
GreatSchools rating
- 3/10Riverfront SchoolGrades: PK,4-8Distance: 1.2 mi
- 4/10Florence Twp Memorial High SchoolGrades: 9-12Distance: 2.5 mi
- 2/10Number 5, Roebling Elementary SchoolGrades: PK-3Distance: 2.1 mi
Schools provided by the listing agent
- District: Florence 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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Estimated market value
$388,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$388,700
- New Jersey
- Burlington County
- Florence
- 08518
- 1016 W 3rd St
Nearby cities
Nearby zip codes
Other Florence Topics
