This is not your typical investment property. This 4-unit investment property has two duplex buildings, 4 garages and a substantially positive cash flow. Front building has been recently updated with completely new laminate and hardware flooring, paint, etc. Two long-term great tenants in the front duplex pay over $2,200 per month in rent. The back building tenants (above garages) pay a total of $1,450 and are recently new to the building. There are 4 units in all. The main home consists of a duplex...both sides contain 3 brs, spacious living room, dining room and kitchens in both units. The apartments in the back are in excellent shape, too, with new windows, electric service and appliances. There are also 4 garage units that you could easily rent out for an additional profit. This property is a winner! This is an absolute must see for your investors. Put it on your must see list today before it is gone!
Sold for $255,000
$255,000
53-55 W Main St, Penns Grove, NJ 08069
9beds
4baths
4,200sqft
MultiFamily
Built in 1925
-- sqft lot
$394,900 Zestimate®
$61/sqft
$1,200 Estimated rent
Home value
$394,900
$351,000 - $438,000
$1,200/mo
Zestimate® history
Owner options
List your home for rent
$1,200/mo
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$1,200/mo
Rent Zestimate®
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$1,914/mo
Est. payment
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$1,914/mo
Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
Heating
- Baseboard, Forced air, Electric, Gas
Cooling
- None
Appliances
- Included: Range / Oven, Refrigerator
Features
- Flooring: Hardwood, Laminate, Linoleum / Vinyl
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 4,200 sqft
Property
Parking
- Total spaces: 1
- Parking features: Carport, Garage - Detached, Off-street
Features
- Exterior features: Metal
Lot
- Size: 9,809 sqft
Details
- Parcel number: 0800047000000026
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Asphalt
Condition
- Year built: 1925
Community & neighborhood
Location
- Region: Penns Grove
Price history
| Date | Event | Price |
|---|---|---|
| 3/14/2025 | Sold | $255,000+28.8%$61/sqft |
Source: Public Record Report a problem | ||
| 7/15/2010 | Sold | $198,000+147.5%$47/sqft |
Source: Public Record Report a problem | ||
| 2/6/2004 | Sold | $80,000$19/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,940 | $161,200 |
| 2024 | $8,940 +3.5% | $161,200 |
| 2023 | $8,640 +8.4% | $161,200 |
| 2022 | $7,970 -1.3% | $161,200 |
| 2021 | $8,075 -0.4% | $161,200 |
| 2020 | $8,108 +60.8% | $161,200 |
| 2019 | $5,043 | $161,200 +29% |
| 2018 | $5,043 -37.6% | $125,000 -37.4% |
| 2017 | $8,082 +8.5% | $199,700 |
| 2016 | $7,451 +1.1% | $199,700 |
| 2015 | $7,369 +0.5% | $199,700 |
| 2014 | $7,331 +4.4% | $199,700 |
| 2012 | $7,019 +4.5% | $199,700 |
| 2011 | $6,716 +4.5% | $199,700 |
| 2010 | $6,426 +2.3% | $199,700 |
| 2009 | $6,283 | $199,700 +96.7% |
| 2008 | -- | $101,500 |
| 2007 | -- | $101,500 |
| 2006 | -- | $101,500 |
| 2005 | -- | $101,500 |
| 2004 | -- | $101,500 |
| 2003 | -- | $101,500 |
| 2002 | -- | $101,500 |
| 2001 | -- | $101,500 |
Find assessor info on the county website
Neighborhood: 08069
Nearby schools
GreatSchools rating
- 2/10Field Street Elementary SchoolGrades: 1-3Distance: 0.6 mi
- 3/10Penns Grove Middle SchoolGrades: 6-8Distance: 0.8 mi
- 4/10Penns Grove High SchoolGrades: 9-12Distance: 1.2 mi
Get a cash offer in 3 minutes
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Estimated market value
$394,900
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
$394,900
- New Jersey
- Salem County
- Penns Grove
- 08069
- 53-55 W Main St

