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    204-206 S Broad St Penns Grove, NJ 08069

    New
    Under Contract
    For Sale
    $249,999

    MULTI_FAMILY - Other - PENNS GROVE, NJ

    Property size:
    1,920 SF
    Days on Market:
    2
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 204-206 S Broad St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Basement
    Parking features
    On Street
    Size
    1,920 SF

    Building Details

    Year built
    1940
    Number of units
    2
    Building materials
    Aluminum Siding
    Architectural style
    Other

    Keller Williams Realty - Cherry Hill (856) 321-1212 [email protected]

    Listing agent Tamam A Farhat (267) 774-7765

    Listing date Dec 4, 2025

    MLS# NJSA2015828 Listing URL

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Penns Grove Duplex Investment Opportunity

    This well-maintained duplex presents an investor opportunity. The property features two spacious units, each containing 3 bedrooms and 1 full bathroom. Both units are currently rented at $1,500 per month, generating a gross rental income of $3,000 per month. Each unit includes a private rear deck, providing tenants with private outdoor space. The property is located near major highways, making it an attractive option for commuters and boosting long-term rental demand. The property is 1,920 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Penns Grove
    County
    Salem
    State
    New Jersey
    Longitude
    -75.473411
    Latitude
    39.723815

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in Penns Grove, NJ, generating $3,000 monthly income.
    Where is this duplex located?
    The property is located at 204-206 S Broad St Penns Grove, NJ.
    What is the asking price?
    The asking price for this property is $249,999.
    What are key features of this property?
    This property features: - Fully occupied duplex generating $3,000/month gross rental income.; - Each unit features 3 bedrooms and 1 full bathroom.; - Convenient location near major highways, ideal for commuters.
    (267) 774-7765
    Request Owner's contact information
    204-206 S Broad St Penns Grove, NJ 08069
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    Penns Grove, NJ 08069
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    204-206 S Broad St Penns Grove, NJ 08069
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