$40,000
●
House -
Off Market
121 STATE ST
PENNS GROVE, NJ 08069
3 Beds
2 Baths,
1
Half Bath
1,587 Ft²
$66,793
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model
About This Property
Wonderful 1.5 story Cape Cod. Newer Roof, Windows, Siding and
Natural Gas Hot Water Radiant Heater Boiler all renovated between
2014 and 2016, inside home freshly painted but can still use some
updating. Home is a great value. Great starter home at a very
affordable price. Taxes are low at only 3750 a year. Generous room
sizes and huge back yard. Covered front porch and large rear deck.
Very respected part of Penns Grove near the Delaware River bay. At
this price it s a great starter home or even a great investment
property as at this price the home if used as a rental should
generate a profit every month.
Unit Size
1,587 Ft²
Days on Market
-
Land Size
-
Price per sqft
$31
Property Type
House
Property Taxes
$389
HOA Dues
-
Year Built
1908
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 years ago (Bright MLS #NJSA136938)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 19, 2020 | Sold | ||
| Sold | |||
| Jan 14, 2020 | Listed by Century 21 Rauh & Johns | $49,950 | |
| Listed by Century 21 Rauh & Johns | |||
| Oct 4, 2016 | Sold | ||
| Sold | |||
| Aug 24, 2016 | Listed by Resident Philly LLC | $16,995 | |
| Listed by Resident Philly LLC | |||
| | |||
|
INVESTOR AND HANDYMAN SPECIAL!!! You can't beat this deal, 1150 square feet of house waiting for you to turn it into your home. Located just blocks from the river, you'll love your new, quiet neighborhood. Priced this low, this property will not last. Let your investor and handyman clients know about this ASAP! This property is in need of a full rehab. Buyer responsible for U&O certifications. Cash buyers only.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Penns Grove
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Currently no similar homes aroundNearby Rentals
Listed by: Francis Mellace
Century 21 Rauh & Johns
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# NJSA136938
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Century 21 Rauh & Johns
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# NJSA136938
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