62 W PITMAN STREET, PENNS GROVE, NJ 08069
RIVER FRONT · SALEM County
Key Facts
Description
INVESTMENT OPPORTUNITY - This property offers strong potential for investors looking to add to their portfolio, renovate and resell, or create long-term rental income. Property is currently tenant occupied, which are paying $1,575 per month, making this an attractive opportunity for cash flow-focused investors. Additionally, the detached 3-car garage at the rear of the property offers additional rental income potential for storage, parking, workshop space, or tenant use. Being sold strictly as-is, buyers are responsible for conducting their own due diligence, and the seller makes no representations or guarantees regarding condition, zoning, permitted use, or potential income.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Structure Type
House
Year Built
1940
Living Area
1,972 sq ft
Lot Dimensions
20.40 x 0.00
Garage Spaces
3
Parking Spaces
3
Zoning
RESIDENTIAL
Days on Market
58
MLS® Listing#
NJSA2018884
Property Features
Appliances
Cooling
Heating
Basement
Pool
Parking
Construction
Foundation
Sewer
Water Source
Schools
- District:
- PENNS GROVE-CARNEYS POINT SCHOOLS
Financial Details
HOA
None
Annual Taxes
$4,875
Tax year 2025
Assessed Value
$86,300
Parcel Number
08-00048-00021
Directions
Continue on E Main St. Drive to W Pitman St 3 min (0.7 mi) Continue onto E Main St 0.3 mi Turn right onto Broad St 0.2 mi Turn left onto W Pitman St
Affordability Calculator
$26,000
Estimated monthly payment
$692/mo
Principal $104,000 · Est. interest $145,089 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in PENNS GROVE, NJ
- $580,000
- Median Listing Price
- 33
- Median Days on Market
- 1,578
- Median Sq Ft
- $196
- Median Price / Sq Ft
- 67
- Active Listings
- This home’s price is 78% below the area median.
- Its price per sq ft is 66% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in PENNS GROVE, NJ.
Location
Points of Interest in PENNS GROVE, NJ
Showing the PENNS GROVE area map.
Nearby Schools
Field Street School
Elementary · 0.7 mi away
Penns Grove-Carneys Point Regional School District
Elementary · 0.9 mi away
Paul W Carleton
Elementary · 0.9 mi away
Penns Grove Middle School
Secondary · 1.0 mi away
Lafayette-Pershing School
Elementary · 1.3 mi away
Penns Grove High School
Secondary · 1.4 mi away
Mount Pleasant Elementary School
Elementary · 2.9 mi away
Brandywine School District
School · 2.9 mi away
Eastside Charter School
Elementary · 3.1 mi away
Mt Pleasant High School
Secondary · 3.3 mi away
Leslie A Johnson Center
School · 3.3 mi away
Thomas Edison Charter School
Elementary · 3.5 mi away
Wilmington Head Start
School · 3.5 mi away
Oldmans Township School
Elementary · 3.7 mi away
Harlan Elementary School
Elementary · 3.8 mi away
Elbert-Palmer Elementary School
Elementary · 3.8 mi away
Stubbs Elementary School
Elementary · 3.8 mi away
Stubbs Early Education Center
Elementary · 3.8 mi away
Smalls Stepping Stone Preschool
Elementary · 3.9 mi away
Howard High School of Technology
Secondary · 3.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 273 N BROAD STREET, PENNS GROVE, NJ | $120,000 | 3 | 1 | 972 |
| 244 N BROAD STREET, PENNS GROVE, NJ | $125,000 | 2 | 1 | 748 |
| 100 PENN STREET, PENNS GROVE, NJ | $135,000 | 3 | 1 | 1,272 |
| 114 DEMING AVENUE, PENNS GROVE, NJ | $135,000 | 2 | 1 | 660 |
| 152 CUMBERLAND AVENUE, PENNS GROVE, NJ | $155,000 | 2 | 1 | 892 |
| 78 W HARMONY STREET, PENNS GROVE, NJ | $169,000 | 3 | 2 | 1,524 |
Moving Cost Estimate
EXIT Agents in PENNS GROVE
Listing Courtesy: Keller Williams - Main Street - 8568582200