$125,000
3 bd · 1.5 ba · 1,972 sqft
62 W Pitman St, Penns Grove, NJ 08069
Single family · Built 1940 · $63/sqft ·
$1,042/mo est. payment
- Garage
- 3 cars
- Stories
- 3
Flood factor 5/10
About this home
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.
Facts and features
Bedrooms
- Bedrooms: 3
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- 1/2 Bathrooms: 1
Heating and Cooling
- Heating Features: Radiator
- Heating: Yes
Garage and Parking
- Garage Spaces: 3
- Parking Features: Driveway, Detached Garage
- Parking Total: 3
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
- Senior Community: No
School Information
- School District: PENNS GROVE-CARNEYS POINT SCHOOLS
Other Property Info
- Annual Tax Amount: 4875
- Source Listing Status: Active
- County: SALEM
- Disclaimer: Standard
- Ownership: Fee Simple
- Source Property Type: Residential
- Source Neighborhood: RIVER FRONT
- Postal Code Plus 4: 1214
Building and Construction
- Total Square Feet Living: 1972
- Year Built: 1940
- Above Grade Finished Area: 1972
- Below Grade Finished Area: 0
- Construction Materials: Brick
- Levels: 3
- Property Age: 86
- Levels or Stories: 3
Schools
- 2
Field Street Elementary School
elementary · 1-3 · 0.7 mi
- 3
Penns Grove Middle School
middle · 6-8 · 1.0 mi
- 4
Penns Grove High School
high · 9-12 · 1.4 mi
St. Helena School
elementary · K-8 · 3.0 mi
- 2
Paul W. Carleton Elementary School
elementary · 4-5 · 0.9 mi
Lafayette-Pershing Elementary School
elementary · K · 1.3 mi
Price history
- Aug 12, 2026 · Price Changed$125,000
- Jul 8, 2026 · Price Changed$130,000
- May 29, 2026 · Price Changed$140,000
- May 19, 2026 · Price Changed$145,000
- May 12, 2026 · Listed$150,000
- Sep 29, 2025 · Sold$110,000
- Aug 30, 2025 · Listing Removed—
- Jun 20, 2025 · Price Changed$154,999
Tax history
- 2026$5,083 tax · $86,300 assessed
- 2025$4,875 tax · $86,300 assessed
- 2024$4,786 tax · $86,300 assessed
- 2023$4,625 tax · $86,300 assessed
- 2022$4,459 tax · $86,300 assessed
- 2021$4,266 tax · $86,300 assessed
- 2020$4,322 tax · $86,300 assessed
- 2019$4,340 tax · $86,300 assessed
Home value
$130,938
- Quantarium$130,938
- Cotality$127,100
- Collateral Analytics$202,000
Where it is
Listed by Austin Nicholas Wuest · Keller Williams - Main Street · BrightMLS