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!
Sold for $277,000
$277,000
26 State St, Penns Grove, NJ 08069
4beds
--baths
3,360sqft
Quadruplex
Built in 1945
-- sqft lot
$293,500 Zestimate®
$82/sqft
$1,835 Estimated rent
Home value
$293,500
$188,000 - $455,000
$1,835/mo
Zestimate® history
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$1,835/mo
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$2,054/mo
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 06:55am
Listed by:
John Rinick 267-205-1824,
Prime Realty Partners
Bought with:
Katerina Favorito, 1645183
HomeSmart First Advantage Realty
Source: Bright MLS,MLS#: NJSA2014366
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Electric Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 3,360
- Total interior livable area: 3,360 sqft
Property
Parking
- Parking features: Driveway, On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Dimensions: 50.00 x 0.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 080006300010
- Zoning: -
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: A-Frame
- Property subtype: Quadruplex
Materials
- Block, Vinyl Siding
- Foundation: Block
Condition
- New construction: No
- Year built: 1945
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Penns Grove
- Municipality: PENNS GROVE BORO
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Private Financing Available
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 7/27/2025 | Sold | $277,000-7.7%$82/sqft |
Source:  Bright MLS #NJSA2014366 Report a problem | ||
| 7/3/2025 | Pending sale | $299,999$89/sqft |
Source: Bright MLS #NJSA2014366 Report a problem | ||
| 5/20/2025 | Listed for sale | $299,999$89/sqft |
Source: Bright MLS #NJSA2014366 Report a problem | ||
| 4/29/2025 | Pending sale | $299,999$89/sqft |
Source: Bright MLS #NJSA2014366 Report a problem | ||
| 4/3/2025 | Price change | $299,999+1.7%$89/sqft |
Source: Bright MLS #NJSA2014366 Report a problem | ||
| 12/4/2024 | Price change | $294,999-1.7%$88/sqft |
Source: Bright MLS #NJSA2012506 Report a problem | ||
| 11/11/2024 | Price change | $299,999-1.6%$89/sqft |
Source: Bright MLS #NJSA2012506 Report a problem | ||
| 10/31/2024 | Price change | $305,000-6.2%$91/sqft |
Source: Bright MLS #NJSA2012506 Report a problem | ||
| 10/9/2024 | Listed for sale | $325,000+47.7%$97/sqft |
Source: Bright MLS #NJSA2012506 Report a problem | ||
| 9/25/2024 | Sold | $220,000+33.3%$65/sqft |
Source: Public Record Report a problem | ||
| 1/26/2018 | Sold | $165,000+7.9%$49/sqft |
Source: Public Record Report a problem | ||
| 1/2/2018 | Pending sale | $152,900$46/sqft |
Source: RE/MAX CONNECTION #1000372553 Report a problem | ||
| 3/30/2017 | Price change | $152,900-1.3%$46/sqft |
Source: RE/MAX Connection - Mantua #6759550 Report a problem | ||
| 5/29/2015 | Listed for sale | $154,900+3.3%$46/sqft |
Source: RE/MAX Connection - Mantua #6582070 Report a problem | ||
| 4/25/2015 | Listing removed | $149,900$45/sqft |
Source: RE/MAX Connection - Mantua #6429945 Report a problem | ||
| 4/14/2015 | Price change | $149,900-6.3%$45/sqft |
Source: RE/MAX Connection - Mantua #6429945 Report a problem | ||
| 12/10/2013 | Price change | $159,900-15.8%$48/sqft |
Source: RE/MAX Connection - Mantua #6147626 Report a problem | ||
| 7/20/2013 | Price change | $189,900-9.5%$57/sqft |
Source: RE/MAX Connection - Mantua #6147626 Report a problem | ||
| 12/31/2012 | Listed for sale | $209,900$62/sqft |
Source: RE/MAX CONNECTION #6147626 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,781 | $140,300 |
| 2024 | $7,781 +3.5% | $140,300 |
| 2023 | $7,520 +8.4% | $140,300 |
| 2022 | $6,936 -1.3% | $140,300 |
| 2021 | $7,028 -0.4% | $140,300 |
| 2020 | $7,057 +7.5% | $140,300 |
| 2019 | $6,563 | $140,300 -13.8% |
| 2018 | $6,563 -0.3% | $162,700 |
| 2017 | $6,583 +8.4% | $162,700 |
| 2016 | $6,070 +1.1% | $162,700 |
| 2015 | $6,004 +0.5% | $162,700 |
| 2014 | $5,973 +4.4% | $162,700 |
| 2012 | $5,719 +4.5% | $162,700 |
| 2011 | $5,472 +4.5% | $162,700 |
| 2010 | $5,236 +11.6% | $162,700 |
| 2009 | $4,692 | $162,700 +114.6% |
| 2008 | -- | $75,800 |
| 2007 | -- | $75,800 |
| 2006 | -- | $75,800 |
| 2005 | -- | $75,800 |
| 2004 | -- | $75,800 |
| 2003 | -- | $75,800 |
| 2002 | -- | $75,800 |
| 2001 | -- | $75,800 |
Find assessor info on the county website
Neighborhood: 08069
Nearby schools
GreatSchools rating
- 1/10Paul W. Carleton Elementary SchoolGrades: 4-5Distance: 0.6 mi
- 3/10Penns Grove Middle SchoolGrades: 6-8Distance: 0.7 mi
- 4/10Penns Grove High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- District: Penns Grove-carneys Point 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
$293,500
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
$293,500
- New Jersey
- Salem County
- Penns Grove
- 08069
- 26 State St