This is a turnkey investments property that is fully rented until June of 2023 located in an OPPORTUNITY ZONE! This 4 Unit brings in a high income and has an impeccable rental history. For the past decade it has been fully rented. Along with being in an opportunity zone, it is also located right next to the Rowan Boulevard redevelopment project which makes it a desirable to all different types of tenants including Rowan University students. The property consists of two building each with two units. There is a large parking area that provides plenty of convenient spots for every unit. The tenants pay for all utilities except the public Water/Sewer bill. Owner has supplies detailed records of the rental history as well and property information. Will need 24 hours notice for showings.
Sold for $500,000 on 04/06/23
$500,000
48 State St, Glassboro, NJ 08028
8beds
4baths
1,888sqft
Quadruplex
Built in 1900
-- sqft lot
$529,100 Zestimate®
$265/sqft
$2,441 Estimated rent
Home value
$529,100
$492,000 - $566,000
$2,441/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 06, 2023 at 09:24am
Listed by:
Elizabeth Quam 201-874-5966,
Penzone Realty
Bought with:
Teal Levick, 1538939
Keller Williams Prime Realty
Source: Bright MLS,MLS#: NJGL2026568
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Basement
- Area: 0
Heating
- Baseboard, Forced Air, Wall Unit, Electric, Natural Gas
Cooling
- Window Unit(s), Ceiling Fan(s), Electric
Appliances
- Included: Electric Water Heater, Gas Water Heater
Features
- Dry Wall
- Flooring: Ceramic Tile, Other, Carpet
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 1,888
- Total interior livable area: 1,888 sqft
Property
Parking
- Parking features: Asphalt, Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: 2+ Access Exits
Features
- Exterior features: Flood Lights
- Pool features: None
Lot
- Size: 9,975 sqft
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 060003000008
- Zoning: C4
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: A-Frame
- Property subtype: Quadruplex
Materials
- Frame
- Foundation: Stone, Slab
- Roof: Shingle,Flat
Condition
- Good
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & neighborhood
Location
- Region: Glassboro
- Municipality: GLASSBORO BORO
HOA & financial
Other financial information
- Total actual rent: 61200
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/6/2023 | Sold | $500,000+2.2%$265/sqft |
Source:  Bright MLS #NJGL2026568 | ||
| 3/11/2023 | Pending sale | $489,000$259/sqft |
Source: Bright MLS #NJGL2026568 | ||
| 2/25/2023 | Listed for sale | $489,000+23.8%$259/sqft |
Source: Bright MLS #NJGL2026568 | ||
| 2/4/2021 | Listing removed | -- |
Source:  Keller Williams | ||
| 10/24/2020 | Listed for rent | $1,100-31.3%$1/sqft |
Source: Keller Williams Realty - Moorestown #NJGL266606 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,769 | $220,700 |
| 2024 | $7,769 +0.6% | $220,700 |
| 2023 | $7,722 +1% | $220,700 |
Find assessor info on the county website
Neighborhood: 08028
Nearby schools
GreatSchools rating
- 4/10Dorothy L Bullock SchoolGrades: 1-5Distance: 0.4 mi
- NAGlassboro Intermediate SchoolGrades: 7-8Distance: 0.2 mi
- 4/10Glassboro High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- High: Glassboro H.s.
- District: Glassboro Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Get a free Zillow Showcase℠ listing and you could sell for .
$529,100
2% more+ $10,582
With Zillow Showcase(estimated)
$539,682