60-62 Franklin St, Penns Grove, NJ 08069

Penns Grove
Local realty services provided by:Better Homes and Gardens Real Estate Valley Partners
60-62 Franklin St,Penns Grove, NJ 08069
$325,000
  • - Beds
  • - Baths
  • 3,687 sq. ft.
  • Multi-family
  • Active
Upcoming open houses
  • Sat, Sep 12
    10:00 am - 12:00 pm
Listed by: harrison coblentz
Office: family five homes
MLS#:NJSA2019906
Source:BRIGHTMLS

Price summary

  • Price:$325,000
  • Price per sq. ft.:$88.15

About this home

INVESTOR OPPORTUNITY — TWO-UNIT DUPLEX WITH STRONG IN-PLACE INCOME & SIGNIFICANT RENTAL UPSIDE! Whether you're a first-time investor looking to build your rental portfolio or an experienced investor searching for your next income-producing property, 60-62 Franklin Street offers an excellent opportunity to own a fully occupied duplex with two exceptionally large units and established tenants. Each side features 6 bedrooms, providing substantial living space and strong rental potential. Both units are currently occupied, providing an investor with immediate rental income from day one while also offering potential upside as rents are brought closer to current market levels over time. Unit 60 features a long-term tenant who has called the property home for more than 40 years. Current rent is $1,600 per month. Unit 62 has been occupied by the current tenants since November 2023 and currently generates $1,800 per month in cash rent. Combined, the property currently produces $3,400 per...

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Home facts

  • Year built:1910
  • Subdivision & Development:NONE AVAILABLE
  • Listing ID #:NJSA2019906
  • Added:1 day(s) ago
  • Updated:August 26, 2026 at 05:42 AM

Rooms and interior

  • Basement:Yes
  • Basement Description:Full, Unfinished
  • Living area:3,687 sq. ft.

Heating and cooling

  • Heating:Oil, Radiator

Structure and exterior

  • Roof:Pitched, Shingle
  • Year built:1910
  • Building area:3,687 sq. ft.
  • Lot area:0.24 Acres
  • Construction Materials:Vinyl Siding
  • Exterior Features:Sidewalks, Street Lights
  • Foundation Description:Concrete Perimeter

Schools

  • High school:PENNS GROVE
  • Middle school:PENNS GROVE
  • Elementary school:FIELD STREET SCHOOL

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$325,000
  • Price per sq. ft.:$88.15
  • Tax amount:$4,519 (2025)

Features and amenities

  • Amenities:100 Amp Service, Cable TV Available

Parking

  • Parking description:On Street

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