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$453,250
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Property Description
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!
Full Property Details
Full Property Details for 412-414 Powell St
General
- Sold For: $453,250
- Taxes: $9,860 (2024)
- Status: Closed
- Type: Multi-Family
- Source: BrightMLSPhilly
- MLS ID: NJCD2076912
- Added to Site: 85 day(s) ago
Parking
- Parking Type: On Street
Location
- Area: Gloucester City (20414)
- Municipality: GLOUCESTER CITY
- County: Camden
- Development Name: Normandy Hamlets
- Subdivision: Normandy Hamlets
- Driving Directions: Broadway to Market to 5th to Powell
School Information
- School District: Gloucester City Schools
Heating & Cooling
- Cooling Type: None
- Cooling Fuel: Electric
- Heating Type: Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Straight Thru
- Architectural Style: Straight Thru
- Structure Type: Detached
- Construction: Frame
- Foundation: Stone
- Stories/Levels: 2
- Square Feet: 3,392
- Sq. Ft. Source: Estimated
- Living Area: 3,392 Sq. Ft.
- Finished Above Grnd: 3,392 Sq. Ft.
- Year Built: 1880
- Year Built Source: Assessor
Unit Information
- Other Units: Unit 1, Unit 2, Unit 4, Unit 3
- 2 Bedroom Units: 4
Unit 1
- Unit Description: Unit 1
- Bedrooms: 2
Unit 2
- Unit Description: Unit 2
- Bedrooms: 2
Unit 3
- Unit Description: Unit 3
- Bedrooms: 2
Unit 4
- Unit Description: Unit 4
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.08
- Lot Size (Sq. Ft.): 3,598
- Lot Size Source: Estimated
- Lot Dimensions: 20.00 x 90.00
- Zoning: RESIDENTIAL
Financial Considerations
- Price Per Sq. Ft.: $140.04
- Assessment Year: 2021
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $196,800
- Tax Amount: $9,860
- Tax Year: 2024
- Terms: Standard Sale
- Owner Pays: Sewer, Water
- Landlord Pays: Sewer, Water
- Tax Total Finished Sq. Ft.: 1696
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Tenants personal property
- Lot Number: 3400033
Listed by Prime Realty Partners, Paul Adam Isaacson
Sold by Sweet Pea Realty LLC, Jeff P. Fagerstrom
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Schools
Schools serving 412-414 Powell St
Rating | Name | Grades | Distance |
---|---|---|---|
1194 Market St, Gloucester Cy, NJ 08030 | PK-3 | 0.7 mi | |
1251 Collings Ave, Camden, NJ 08104 | PK-5 | 1.3 mi | |
29 Peach Rd, Bellmawr, NJ 08031 | PK-4 | 2 mi | |
414 W Collings Ave, Collingswood, NJ 08108 | 6-8 | 2.9 mi | |
Pyne Poynt Middle School
800 Erie Street, Camden, NJ 08102 | 6-8 | 4.2 mi | |
East Camden Middle School
3064 Stevens St, Camden, NJ 08105 | 6-8 | 4.2 mi | |
Highland Park School
1300 Market St, Gloucester Cy, NJ 08030 | 9-12 | 1 mi | |
1300 Market St, Gloucester Cy, NJ 08030 | 9-12 | 1 mi | |
1626 Copewood St, Camden, NJ 08103 | 9-12 | 2.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 412-414 Powell St
Date
Details
Price
Change
Source
10/18/2024
Sold
$453,250
-4.58%
MLS
9/27/2024
Listed
$475,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
412-414 Powell Street, Gloucester City, NJ 08030 (MLS# NJCD2076912) is a Multi-Family property that was sold at $453,250 on October 18, 2024. Want to learn more about 412-414 Powell Street? Do you have questions about finding other Multi-Family real estate for sale in Gloucester City? You can browse all Gloucester City real estate or contact a Coldwell Banker agent to request more information.