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1123 Almond
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Sold

1123 Almond

1123 ALMOND, PITTSGROVE, NJ 08318

$855,000
Quadplex in Pittsgrove Township!

This turnkey quadplex checks all the boxes: high cap rate, immediate cash flow, no HOA or utility burdens, and an ideal tenant-friendly location. With rents totaling over $8,000/month and expenses under control, this is a rare opportunity to earn over $1,100/month net even with today's rates. Whether you're looking for a passive buy-and-hold or a high-equity, long-term strategy--1123 Almond Road delivers

All four townhome units feature 2 bedrooms, 1.5 bathrooms, and full, unfinished basements with washer & dryer hookups in each unit--ideal for long-term tenant appeal.

The property offers paved parking and is tucked away in a quiet, private setting that backs to trees and a stream flowing into Parvin Lake. Located directly across from Pittsgrove Middle School and within walking distance to Parvin State Park, Centerton Inn, Anderson's Country Store, and Centerton Pond, this location offers both convenience and charm.

Whether you're a seasoned investor or new to multi-family properties, this is a strong cash-flowing asset with excellent long-term potential.

Additional documents are available in the document section, including a full financial breakdown, cap rate details, and rental projections--everything you need to evaluate this exceptional opportunity.

Contact the listing agent today for more details or to schedule a private showing!

Studio

4,584 Sq.Ft. LIVING AREA

0.98 Acres lot

Jennifer Ferrara

Jennifer Ferrara

Features & Amenities

Interior

  • total bedrooms0
  • Flooring Carpet, Ceramic Tile
  • APPLIANCES Range Hood, Refrigerator, Microwave
  • other interior Features Built-Ins, Family Room Off Kitchen, Floor Plan - Open

Area & Lot

  • Status Sold
  • Date Sold October 17, 2025
  • Living Area4,584 Sq.Ft.
  • Lot Area0.98 Acres
  • MLS® IDNJSA2015456
  • TypeMulti-Family
  • YEAR BUILT1974
  • Architecture StylesOther
  • View DescriptionCreek/Stream, Street, Trees/Woods

Exterior

  • STORIES2
  • water SourcePrivate
  • utilitiesCable TV, Electric Available
  • roofPitched, Shingle
  • lot featuresRear Yard
  • parkingParking Lot
  • HEAT TYPEBaseboard - Electric
  • AIR CONDITIONINGCentral A/C
  • sewerPrivate Sewer, On Site Septic
  • SubstructureBlock
  • Disability FeaturesNone
  • other exterior FeaturesExterior Lighting, Street Lights, Sidewalks

Financial

  • Sales Price$855,000
  • Real Estate Tax $13,497/yr
  • Zoning R1

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