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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
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    $1,200/mo

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    $1,914/mo

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    $1,914/mo

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    What's special

    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!

    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

    DateEventPrice
    3/14/2025Sold$255,000+28.8%$61/sqft
    Source: Public Record Report a problem
    7/15/2010Sold$198,000+147.5%$47/sqft
    Source: Public Record Report a problem
    2/6/2004Sold$80,000$19/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax 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
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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