412 414 Powell Street
Gloucester City, NJ 08030
- – beds
- – baths
- 3,392 sqft
- 3,598 sqft lot
- $133 per sqft
- 1880 build
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Take over this cash-flowing quadraplex in the heart of Gloucester City, a commuter’s dream location. Each of the four units features 2 bedrooms, 1 bathroom, a spacious living room, and an eat-in kitchen, offering comfortable layouts ideal for renters. Currently bringing in $5,475/month, the rent roll is as follows: 412A: $1,400/mo; $2,100 dep; Thru 8/31/25. 412B: $1,500/mo; $2,250 dep; Thru 8/31/25. 414A: $1,175/mo; $1,387.50 dep; Month-to-month. 414B: $1,400/mo; $2,100 dep; Thru 8/31/2025. The property has been recently renovated, ensuring low maintenance for the new owner. Currently fully occupied, this investment generates consistent income and has value-add opportunities. Whether you're expanding your portfolio or looking for your first income property, this turnkey quadplex is an excellent opportunity. Don't miss out!
Listing courtesy of BRIGHT / Prime Realty Partners
Last checked:
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Last updated Nov 14, 2024
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MLS# NJCD2076912 —
The Building
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Year Built:1880
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Frame
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Building Levels:2
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Building Units Total:4
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Structure Type:Detached
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Architectural Style:Straight Thru
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Accessibility Features:None
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Foundation Details:Stone
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Basement:No
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Total SqFt Source:Estimated
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:1696
Interior
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Fireplace:No
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:3392
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Living Area SqFt:3,392 Sqft
Financial & Terms
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Sale Type:Standard
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Buyer Financing:Cash
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Possession:Subject to Existing Lease
Location
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Directions:Broadway to Market to 5th to Powell
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Latitude:39.89447000
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Longitude:-75.12483000
The Property
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Property Type:Multi-Family
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Property Subtype:Quadruplex
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Lot Size Units:Square Feet
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Lot Size Acres:0.08
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Lot Size Source:Estimated
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Lot Size Dimensions:20.00 x 90.00
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Lot Dimensions Source:Assessor
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Lot SqFt:3,598 Sqft
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Exclusions:Tenants personal property
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Zoning:RESIDENTIAL
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Other Structures:Above Grade, Below Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (609) 417-0668
- Office phone:
- (856) 210-3000
Taxes
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Tax ID Number:14-00079-00034
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Tax Year:2024
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Tax Lot:00034,00033
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Tax Annual Amount:$9,860
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Tax Assessed Value:$196,800
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Year Assessed:2021
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Total Taxes Payment Frequency:Annually
The Listing
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Close Sale Type:Standard Sale
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Hot Water
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Schools
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School District Name:Gloucester City Schools
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School District Source:Listing Agent
The Community
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Subdivision Name:Normandy Hamlets
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Pool:No Pool
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Association Recreation Fee:No
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Transportation:Airport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station 1 to 3 miles, Commuter Rail Station 1 to 5 miles
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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# of Units:1
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Other Units:Unit 1,Unit 2,Unit 4,Unit 3
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Vacation Rental:No
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Units Furnished:None
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Two Bedroom Units:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
10/18/24
Oct 18, 2024
|
Sold | BRIGHT | $453,250 | -4.6% |
10/15/24
Oct 15, 2024
|
Pending | BRIGHT | $475,000 | |
10/4/24
Oct 4, 2024
|
Sold Subject To Contingencies | BRIGHT | $475,000 |