46 Pittsfield St Pennsville, NJ 08070
This exceptional six-unit townhome complex presents a compelling investment opportunity in the thriving Pennsville, NJ riverfront community. Situated on a 0.29-acre lot at 46 W Pittsfield Street, this turnkey property boasts 10,584 square feet of living space, offering immediate rental income and significant long-term growth potential. Each of the six townhomes features two bedrooms and two and a half bathrooms, providing ample living space for residents. Modern amenities abound, including luxury vinyl plank flooring (LVP), gas forced air heating, central air conditioning, and granite kitchen countertops. The kitchens are equipped with stainless steel appliances, and each unit also includes a washer and dryer. Additional features include a one-car garage and a climate-controlled storage room in each unit, 200-amp electrical service, efficient on-demand hot water heaters, and tilt-in windows. Residents enjoy stunning water views from their private decks, breathtaking sunsets, and convenient access to Riverview Beach Park. Pennsville's ongoing revitalization projects further enhance the property's value and ensure continued appreciation. Currently, all six units are rented, with tenants responsible for electricity, gas heat, cable, and internet. This property represents a rare opportunity to acquire a high-performing, well-maintained multi-family investment in a desirable location with strong future prospects. The asking price is $1,999,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.