Salem NJ Multi Family for Sale
- Type:
- Single Family
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1895
- Baths:
- MLS#:
- NJSA2012818
ADDITIONAL INFORMATION
***DUPLEX ALERT*** Investors, discover the potential of this NEWLY RENOVATED Duplex in Salem NJ! Completed in 2024, both unit boasts 3 spacious bedrooms and 1 bathroom with 2,921 total square feet providing modern living space for tenants. This property has steady income potential, reduced upfront maintenance, and is turnkey ready! This duplex is a compelling option for investors aiming for both cash flow and long-term growth potential. 2025 FMR for a 3 bedroom is $1,780. Great opportunity for ROI with immediate positive cash flow. This one will not last!
$225,000
334 E Broadway Salem, NJ 08079
- Type:
- Single Family
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- NJSA2012896
- Subdivision:
- None Available
ADDITIONAL INFORMATION
Investor Alert - This property has been renovated approximately 1 year ago. Great investment opportunity to go into the winter season and purchase a cash-flowing Asset. Currently tenant-occupied. Do not disturb and call first.
$189,900
52 Market Street Salem, NJ 08079
- Type:
- Single Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.34 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- NJSA2012806
ADDITIONAL INFORMATION
This home could be used as a single family home but also has an apartment upstairs with 4 bedrooms and 2 bathrooms. Being sold as is. There is a separate entrance for the apartment. Home has natural gas heat and a lot of old world charm. Also see MLS No. NJSA2012034.
$150,000
339 E Broadway Salem, NJ 08079
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.16 Acres
- Year built:
- 1890
- Baths:
- MLS#:
- NJSA2012514
ADDITIONAL INFORMATION
Here's your chance to own a cash-flowing duplex in the heart of Salem City! This property includes a 3-bedroom unit rented at $1,000 per month and a 2-bedroom unit rented at $870 per month, occupied by long-term tenants on a month-to-month basis. Donât miss out on this Salem cash cowâcall today for more details!
$225,000
230 Grant Street Salem, NJ 08079
- Type:
- Single Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.16 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- NJSA2012320
- Subdivision:
- None Available
ADDITIONAL INFORMATION
Triplex Investment Opportunity in Salem, NJ Property Overview: Location: Salem, NJ Property Type: Triplex All units currently rented, providing immediate income Well-maintained property with recent updates Unit Details: 232 Unit A 1 Bedroom, 1 Bathroom Updated flooring, paint, and appliances Current Rent: $1,050 232 Unit B 1 Bedroom, 1 Bathroom Current Rent: $645 (Potential for increase up to $1,000) 230 Unit 4 Bedrooms, 1 Bathroom Long-term tenant with Section 8 agreement Current Rent: $1,650 (Increase pending approval) Property Features: Vinyl siding Newer roof (replaced in the last couple of years) Investment Potential: Investors, this triplex in Salem, NJ presents a lucrative opportunity with all three units currently rented, generating immediate rental income. With potential rental increases for Unit B and pending approval for an increase in Unit 230, there is room for further profitability. The property's recent updates and well-maintained condition make it an attractive investment for those looking to expand their real estate portfolio. Property is sold strictly in as is condition all inspection are for buyers information only. If new CO are required buyer will be responsible for the cost to obtain them. For more information or to schedule a viewing, please contact the listing agent. Don't miss out on this promising investment opportunity in Salem, NJ! Do not disturb tenants all showings through Showing Time 48 hour notice required . Pictures are from when 232A was vacant
$249,000
341 Allen Avenue Salem, NJ 08079
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.18 Acres
- Year built:
- 1930
- Baths:
- MLS#:
- NJSA2012162
ADDITIONAL INFORMATION
A two-family home for sale typically features two separate living units within a single building. Here's a detailed description: 341 Rented for $1,450 and 343 Rented for $1,350 only investors offers will be considered Exterior: This well-maintained two-family home boasts a charming exterior with a brick or vinyl siding finish, complemented by a welcoming front porch and landscaped yard. The property includes a shared driveway leading to a ten-cars parking spaces. A backyard offers privacy and space for outdoor activities or gardening. First Unit (One side): The first unit features a spacious living room with large windows that provide ample natural light, hardwood flooring, and an open floor plan that flows into a modern kitchen. The kitchen is equipped with stainless steel dishwasher and appliances, laminate countertops, and plenty of cabinetry. This unit includes two bedrooms, with the master bedroom offering an entrance to the attic. There is also a full bathroom for the other bedrooms and a convenient laundry area in the basement. Second Unit (other side): The second unit offers a similar layout, with a living room, dining area, and smaller kitchen. This unit has two bedrooms, a full bathroom, and a separate entrance for added privacy. The kitchen features cool finishes and access to a overlooking the backyard. Additional Features: Basement with potential for an extra living space, home office, or recreation room Separate utilities for each unit Central heating and cooling systems Rental income potential from the second unit This home is located in a quiet neighborhood, close to schools, parks, shopping centers, and public transportation, making it ideal for both investors and families looking to generate extra income.
$600,000
196 E Broadway Salem, NJ 08079
- Type:
- Single Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.11 Acres
- Year built:
- 1940
- Baths:
- MLS#:
- NJSA2011762
ADDITIONAL INFORMATION
Mixed-Use Investment Opportunity 6 residential units 2 commercial **MOTIVATED SELLER **. 196-198 E. Broadway, Salem, New Jersey *Six spacious residential apartments ( Rents below market) *Two large commercial stores on the ground floor Welcome to 196-198 E. Broadway, Salem, New Jersey â a prime investment opportunity! This mixed-use property boasts approximately 8,870 square feet, featuring six residential apartments and two large commercial stores on the ground floor. Situated in the heart of Salem City, this property offers the perfect blend of residential comfort and commercial potential. The residential units are spacious, providing comfortable living spaces, while the commercial stores offer a great opportunity for retail businesses, offices, or service providers. The property's central location ensures easy access to everything, making it a highly attractive option for both tenants and business owners. This property is ideal for investors looking to expand their portfolio with a mixed-use building that promises steady rental income from both residential and commercial tenants. Its prime location and versatile use make it a valuable asset in the real estate market. Don't miss out on this fantastic investment opportunity in Salem City, New Jersey.
$225,000
371 E Broadway Salem, NJ 08079
- Type:
- Single Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- NJSA2011652
ADDITIONAL INFORMATION
3 Unit Home That Has 2 Units (2 Bedroom $950 Section 8 Lease and 1 Bedroom $775 Month To Month). 4 Bedroom Unit Is Available On The First Floor. The Kitchen and Bathroom Have Recently Been Renovated. The 1 Bedroom Unit Has 1 Bath and Access To The Balcony The 2 Bedroom Unit Has Access To The Attic The 4 Bedroom Unit Has Access To The Basement-Prior To Tenant Moving Out Property Was Collection $1600 Cash or Conventional Financing As-Is
$240,000
236-238 Wesley Salem, NJ 08079
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1950
- Baths:
- MLS#:
- NJSA2010876
ADDITIONAL INFORMATION
Welcome to 236 Wesley fully remodeled 3 bed 1.5 bath with loft, with new floors, bathrooms, kitchen, appliances. gas heat, new hw heater. full basement. 238 Wesley is tenant occupied and is attached as a twin to 236 Wesley. Tenant in process of moving out. 238 Wesley AS IS SALE. Both homes being sold together.
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Salem Real Estate
The median home value in Salem, NJ is $190,000. This is lower than the county median home value of $236,500. The national median home value is $338,100. The average price of homes sold in Salem, NJ is $190,000. Approximately 24.11% of Salem homes are owned, compared to 51.81% rented, while 24.08% are vacant. Salem real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Salem real estate agent to arrange a tour today!
Salem, New Jersey has a population of 5,237. Salem is less family-centric than the surrounding county with 14.63% of the households containing married families with children. The county average for households married with children is 25.35%.
The median household income in Salem, New Jersey is $26,667. The median household income for the surrounding county is $67,898 compared to the national median of $69,021. The median age of people living in Salem is 32.5 years.
Salem Weather
The average high temperature in July is 86.3 degrees, with an average low temperature in January of 24.4 degrees. The average rainfall is approximately 44.9 inches per year, with 16.6 inches of snow per year.