Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    46 Pittsfield St Pennsville, NJ 08070
    Back to Search
    Property profile & analytics

    46 Pittsfield St Pennsville, NJ 08070

    View on Map
    • Multifamily properties
    • 10,584 SF
    • 0.29 lot acres
    For Sale
    $1,999,900
    View Listing →
    Pennsville Riverfront Townhome Complex For Sale
    $1,999,900
    10,584 SF

    Pennsville Riverfront Townhome Complex

    Six-unit multi-family, turnkey investment

    46 Pittsfield St, Pennsville, NJ 08070
    View Listing
    Property ID
    US59-1251143
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Multifamily properties

    Property Details for 46 Pittsfield St

    Year built
    2022
    Lot size
    0.29 lot acres
    Property size
    10,584 SF
    Property type
    Multifamily properties

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pennsville
    County
    Salem
    State
    New Jersey
    Longitude
    -75.52353
    Latitude
    39.65714

    Comparable in this City

    • $289,900
      2,924 SF

      Pennsville Mixed-Use Investment Opportunity

      Mixed-use property with income potential in Pennsville, New Jersey.
      176 N Broadway, Pennsville, NJ 08070
      View Details
    • $295,000
      2,513 SF

      Versatile Duplex in Pennsville, NJ

      Duplex with rental income potential and multi-generational living arrangement.
      26-28 Main St, Pennsville, NJ 08070
      View Details
    • $235,000

      Professional Office Condo For Sale

      Professional office condo in Pennsville, accessible to major commuter routes.
      681 S Broadway, Pennsville, NJ 08070
      View Details
    • $195,000
      3,000 SF

      Pennsville Office Condo - Great Location!

      3,000 sq ft Office Condo, Prime Location
      681 Broadway Unit, Pennsville, NJ 08070
      View Details
    • Contact for pricing
      0.78 Acres

      Pennsville Office Space - Highway Frontage

      High-traffic location, versatile office space, ample parking.
      285 Broadway, Pennsville, NJ 08070
      View Details
    • $895,000
      5,250 SF

      Pennsville Retail Investment Opportunity

      High-traffic retail building, excellent location.
      210-216 Broadway, Pennsville, NJ 08070
      View Details

    Similar Nearby for Sale

    • $289,900
      2,924 SF

      Pennsville Mixed-Use Investment Opportunity

      Mixed-use property with income potential in Pennsville, New Jersey.
      176 N Broadway, Pennsville, NJ 08070
      View Details
    • $295,000
      2,513 SF

      Versatile Duplex in Pennsville, NJ

      Duplex with rental income potential and multi-generational living arrangement.
      26-28 Main St, Pennsville, NJ 08070
      View Details
    • $235,000

      Professional Office Condo For Sale

      Professional office condo in Pennsville, accessible to major commuter routes.
      681 S Broadway, Pennsville, NJ 08070
      View Details
    • $195,000
      3,000 SF

      Pennsville Office Condo - Great Location!

      3,000 sq ft Office Condo, Prime Location
      681 Broadway Unit, Pennsville, NJ 08070
      View Details
    • Contact for pricing
      0.78 Acres

      Pennsville Office Space - Highway Frontage

      High-traffic location, versatile office space, ample parking.
      285 Broadway, Pennsville, NJ 08070
      View Details
    • $895,000
      5,250 SF

      Pennsville Retail Investment Opportunity

      High-traffic retail building, excellent location.
      210-216 Broadway, Pennsville, NJ 08070
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      5,702 SF

      Commercial Space in Pennsville, NJ

      Commercial space for lease in high-traffic Pennsville location.
      176 Broadway, Pennsville, NJ 08070
      View Details
    • $1,350 /Mo
      45,738 SF

      Multi-Use Space For Rent

      Commercial space for rent, close to highways and amenities.
      5 Carroll Ave, Pennsville, NJ 08070
      View Details
    • Contact for pricing
      29,095 SF

      Acme-Anchored Retail Space Available

      Retail spaces available in Acme-anchored shopping center near I-295.
      251-255 N Broadway, Pennsville, NJ 08070
      View Details
    • Contact for pricing

      Warehouse and Distribution Space Available

      Large warehouse and distribution buildings available for lease.
      373 North Broadway, Pennsville, NJ 08070
      View Details
    • $700 /Mo

      Pennsville Professional Office Condo Lease

      Professional office condo for lease in Pennsville, New Jersey.
      681 S Broadway, Pennsville, NJ 08070
      View Details
    • $1,600 /Mo

      Retail Space on South Broadway

      Retail property for rent at the corner of Chestnut Street.
      2 Chestnut St, Pennsville, NJ 08070
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    46 Pittsfield St
    Pennsville, NJ 08070
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    46 Pittsfield St, Pennsville, NJ, 08070
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!