Multifamily

Penns Grove, NJ Multifamily Properties for Sale

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Carneys Point, NJ Pedricktown, NJ Wilmington, DE Long Branch, NJ Deepwater, NJ Pennsville, NJ New Castle, DE Claymont, DE
Six-Bedroom Duplex
Updated: Aug 25
Six-Bedroom Duplex

60-62 FRANKLIN Street, Penns Grove, NJ 08069

$299,900
3,687 sqft 0.24 AC lot
Two‑unit duplex with 3,687 square feet of building area
Each unit contains 6 bedrooms
Both residential units are currently occupied
One unit has Section 8 income
Built in 1910 with vinyl siding
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Two-Unit Duplex with Remodeling
Updated: Aug 30
Two-Unit Duplex with Remodeling

6 FRANKLIN Street, Penns Grove, NJ 08069

$229,900
2,419 sqft 0.16 AC lot
Two‑unit duplex with two 3 BR/1 BA residences
2,419 square feet on a 0.161‑acre lot
Lower‑level unit is vacant and undergoing remodeling
1930 construction with aluminum siding
Driveway and on‑street parking
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4-Unit Mixed-Use Property
4-Unit Mixed-Use Property

80 S Broad St, Penns Grove, NJ 08069

$234,999
6,292 sqft

Mixed-use building with two storefronts and a separately metered residential duplex.

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Six-Bedroom Duplex
Six-Bedroom Duplex

60 60-62 Franklin St, Penns Grove, NJ 08069

$325,000
3,687 sqft

Fully occupied two-unit property with established tenants and Section 8 income on one side.

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Duplex with Two Three-Bedroom Units
Duplex with Two Three-Bedroom Units

6 FRANKLIN ST, Penns Grove, NJ 08069

$229,900
2,419 sqft

Two-level income property with one unit under renovation and convenient access to the Delaware River and regional routes.

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Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 5 Active listings in Penns Grove, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Mixed-Use Property with Office Suites
Mixed-Use Property with Office Suites

14 E 40th St, Wilmington, DE 19803

$1,098,000
7,444 sqft

The property combines renovated apartments with offices offering shared meeting and break-room areas.

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Mixed-Use Property With Three Bays
Mixed-Use Property With Three Bays

9 E 44TH STREET, Wilmington, DE 19802

$499,000
5,259 sqft

Mixed-use configuration combines separately accessed residential areas with substantial street-level commercial space and outdoor lot area.

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Two-Unit Duplex with Basement
Two-Unit Duplex with Basement

917 Vandever Avenue, Wilmington, DE 19802

$259,000
2,100 sqft

Both residences have three bedrooms, one bath, and separate entrances.

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Edgemoor Gardens Triplex For Sale
Edgemoor Gardens Triplex For Sale

47 N PENNEWELL Dr, Wilmington, DE 19809

$129,900
0.04 AC lot

Tenant in place, Section 8, good condition, investor opportunity.

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Off-Market Properties in Penns Grove, NJ

Consider similar Off-Market properties in Penns Grove, NJ. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

291 Virginia Ave
MOBILE HOME PARK, TRAILER PARK

291 Virginia Ave, Penns Grove, NJ 08069-1103

Estimated value:
$380,000
4.07 AC lot
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12 12th W Del A Vue Ave
APARTMENT HOUSE (UNDER 5 UNITS)

12 12th W Del A Vue Ave, Penns Grove, NJ 08069-1108

Estimated value:
$295,000
1,932 sqft 0.06 AC lot
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234 Virginia Ave
APARTMENT HOUSE (UNDER 5 UNITS)

234 Virginia Ave, Penns Grove, NJ 08069-1123

Estimated value:
$285,000
1,926 sqft 0.34 AC lot
View details

Penns Grove, NJ Multifamily Properties Market Trends and Statistics

Explore 8 multifamily properties for sale in Penns Grove, NJ, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 18,504 square feet of properties for sale, with an estimated market value of $1,319,699.

Sale prices for multifamily properties in Penns Grove, NJ start at $229,900, averaging $263,939, and reaching up to $325,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Duplexes 5

Demographics Overview

Population 13K
Population Growth (5Y) +6.8%
Median Household Income $68,397
College Educated 22.7%

High-Yield Neighborhoods for Investment

Identify Penns Grove submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
08069 $269K

Taxes & Financing

Tax Rate (average for all types) 3.62%
Property Tax per SF $68.08 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Salem County

New Delisted

Total CRE Inventory on Market (SF)

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