78 Walnut Street Salem, NJ 08079

$177,000
5
Beds
2
Baths
0.11
Acres
2,473
SQFT
72
$/SQFT
$177,000
5
Beds
2
Baths
2,473   sf
$72 / sf
Favorite

active
1/18
Street View

Welcome to 78 Walnut Street, Salem, NJ, a spacious and versatile property offering exceptional value and flexible residential opportunities for homeowners, investors, and multigenerational living.If you’re searching for a home with space, interchangeable layout, and opportunity…this property is worth exploring. The home can be enjoyed as a five-bedroom, two-bathroom single-family residence or offers the potential for separate living arrangements The layout is ideal for a large family, multigenerational household, owner-occupied investment (live in one and rent out the other), rental property, or other approved residential use.Investors will appreciate the property’s floor plan and rental potential, with estimated combined rental income potential of approximately $3,000–$3,300+ per month, depending on final configuration, market conditions, tenant qualifications, and applicable approvals.Conveniently located just steps from John Fenwick Academy and Walnut Street Field, home of the Salem Junior Rams youth football and cheerleading programs, and minutes from Salem’s historic downtown area, municipal buildings, local shops, and community attractions including Hires Avenue Community Garden and Martin Luther King Park.Don’t miss this opportunity to own a gem in an up and coming area of Salem, NJ. Schedule your showing today and discover all that 78 Walnut Street has to offer!

Welcome to 78 Walnut Street, Salem, NJ, a spacious and versatile property offering exceptional value and flexible residential opportunities for homeowners, investors, and multigenerational living.If you’re searching for a home with space, interchangeable layout, and opportunity…this property is worth exploring. The home can be enjoyed as a five-bedroom, two-bathroom single-family residence or offers the potential for separate living arrangements The layout is ideal for a large family, multigenerational household, owner-occupied investment (live in one and rent out the other), rental property, or other approved residential use.Investors will appreciate the property’s floor plan and rental potential, with estimated combined rental income potential of approximately $3,000–$3,300+ per month, depending on final configuration, market conditions, tenant qualifications, and applicable approvals.Conveniently located just steps from John Fenwick Academy and Walnut Street Field, home of the Salem Junior Rams youth football and cheerleading programs, and minutes from Salem’s historic downtown area, municipal buildings, local shops, and community attractions including Hires Avenue Community Garden and Martin Luther King Park.Don’t miss this opportunity to own a gem in an up and coming area of Salem, NJ. Schedule your showing today and discover all that 78 Walnut Street has to offer!

  • Neighborhood
  • Type
  • Total Baths
  • County
    Salem
  • Area
    Salem City
  • Tax Amount
    $5,194
  • Status
    Active
  • Listing #
    NJSA2019582
  • Built
    1910
  • Lot Size
    0.11
  • Listed on site
    38 days
  • Listing Agent Id
    1700006419888

Listed by:
Hi-Level Real Estate LLC

Source:
BRIGHT MLS

School Info

Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • No Pool
  • Parking Off-Street
  • Basement

Interior Features

  • Main Floor Bedroom

Style

  • Colonial

Property History

DateDays AgoEventNew Price
Aug 21, 20263 days agoPrice decreased18,000 (9%)$177,000
Aug 14, 202610 days agoPrice decreased10,000 (5%)$195,000
Jul 30, 202625 days agoPrice decreased4,999 (2%)$205,000
Jul 17, 20261 mo agoNew on market$209,999
Favorite

Tour This Home

Mon
24Aug
Tue
25Aug
Wed
26Aug
Thu
27Aug
Fri
28Aug
Sat
29Aug
Sun
30Aug
Mon
31Aug
Tue
01Sep
Wed
02Sep
Thu
03Sep
Fri
04Sep
Sat
05Sep
Sun
06Sep
in Person
via Video Call