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For sale
  • Price cut: $485K (3/12)
    $495,000

    1001 Route 47 S, Rio Grande, NJ 08242

    4beds
    --sqft
    : 
    Triplex
    Built in 1955
    -- sqft lot
    $492,600 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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!
    9 days
    |
    195
    |
    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#: 260588MLS Logo

    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

        $492,600

        $468,000 - $517,000

        $1,936/mo

        Price history

        Price history
        DateEventPrice
        3/12/2026Price change$495,000-49.5%
        Source: CMCAOR #260588 Report a problem
        1/31/2026Listed for sale$980,000+716.7%
        Source: CMCAOR #260217 Report a problem
        10/9/2002Sold$120,000
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax 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
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          Climate risks

          Neighborhood: 08242

          Getting around

          21 / 100
          Car-Dependent
          52 / 100
          Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 08242

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