This triplex, zoned for Town Business, is situated on a prime corner lot of approximately .53 acres with irregular shape and 60 feet of highway frontage. The triplex features two 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, making it an excellent investment opportunity. Owner covers all utilities in the rent. Unit A is a spacious 2-bedroom, 1-bath with a screened-in back porch, while Unit B offers a cozy 1-bedroom, 1-bath with a small back deck. Unit C provides access to a shared front porch. The HVAC system has been updated to include multi-zoned forced air for improved comfort. There are two separate electric meters—one serving the two 1-bedroom units and the other for the 2-bedroom unit. Centrally located at the corner of Route 47 and Fulling Mill Road, this property is just a short walk from Ockie Wisting Recreational fields and offers plenty of shared off-street parking. Don't miss this fantastic opportunity!
For sale
Price cut: $485K (3/12)
$495,000
1001 Route 47 S, Rio Grande, NJ 08242
4beds
--sqft
Est.:
Triplex
Built in 1955
-- sqft lot
$484,200 Zestimate®
$--/sqft
$-- HOA
What's special
- 9 days |
- 190 |
- 4 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: March 13, 2026 at 06:44am
Listed by:
Tai Menz 609-602-8061,
COASTLINE REALTY, LLC
Source: CMCAOR,MLS#: 260588
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Living Room, Dining Room, Kitchen
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Gas Water Heater
- Laundry: Laundry Room
Features
- Basement: Crawl Space
Property
Parking
- Total spaces: 3
- Parking features: 3 Car, Shared Driveway
- Has uncovered spaces: Yes
Features
- Patio & porch: Enclosed/Cov. Patio, Porch
Lot
- Size: 0.37 Acres
- Dimensions: 79 x 205 irr
- Features: Corner Lot
Details
- Parcel number: 0601424000000001
- Zoning: TB
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Location
- Region: Rio Grande
Financial & listing details
- Tax assessed value: $236,000
- Annual tax amount: $5,239
- Date on market: 3/12/2026
- Listing terms: Conventional
- Total actual rent: 2850
Estimated market value
$484,200
$460,000 - $508,000
$1,936/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/12/2026 | Price change | $495,000-49.5% |
Source: | ||
| 1/31/2026 | Listed for sale | $980,000+716.7% |
Source: | ||
| 10/9/2002 | Sold | $120,000 |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,786 | $236,000 |
| 2024 | $4,786 -3.2% | $236,000 |
| 2023 | $4,942 +5.7% | $236,000 |
| 2022 | $4,678 +1.4% | $236,000 |
| 2021 | $4,612 +2.7% | $236,000 -0.7% |
| 2020 | $4,491 +1.8% | $237,600 |
| 2019 | $4,410 | $237,600 |
| 2018 | $4,410 +5.3% | $237,600 |
| 2017 | $4,189 +0.7% | $237,600 |
| 2016 | $4,158 +0.7% | $237,600 |
| 2015 | $4,129 -0.1% | $237,600 |
| 2014 | $4,132 -2% | $237,600 -14% |
| 2012 | $4,217 +4.4% | $276,400 -5.1% |
| 2011 | $4,039 +6.6% | $291,400 |
| 2010 | $3,788 +5.1% | $291,400 |
| 2009 | $3,605 +2.9% | $291,400 |
| 2008 | $3,503 +3.1% | $291,400 |
| 2007 | $3,396 | $291,400 +159.7% |
| 2006 | -- | $112,200 |
| 2005 | -- | $112,200 |
| 2004 | $3,180 | $112,200 |
| 2003 | -- | $112,200 |
| 2002 | -- | $112,200 |
| 2001 | -- | $112,200 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,953/mo
Principal & interest
$2503
Property taxes
$450
More affordability tools
Climate risks
Neighborhood: 08242
Nearby schools
GreatSchools rating
- 5/10Middle Twp Elementary 2Grades: 3-5Distance: 5.1 mi
- 3/10Middle Township #4 Middle SchoolGrades: 6-8Distance: 5.4 mi
- 5/10Middle Twp High SchoolGrades: 9-12Distance: 5.5 mi
Local experts in 08242
- New Jersey
- Cape May County
- Rio Grande
- 08242
- 1001 Route 47 S




