Investor Opportunity in the heart of Salem! This tenant-occupied property offers immediate cash flow with a Section 8 tenant in place and a recently renewed lease, making it an excellent opportunity for both seasoned and first-time investors alike. Built in 1900, the home features spacious living areas, generously sized bedrooms, and plenty of original character throughout. Recent improvements include a newer roof (2021) and water heater (2022), helping minimize major upfront expenses for the next owner. The property also offers public water and sewer, a basement for additional storage potential, and a private backyard space. Conveniently located near local shopping, dining, schools, and major roadways. Whether you’re looking to expand your rental portfolio, secure reliable long-term income, or explore future value-add potential, this property offers multiple investment angles. Strong opportunity to renovate and increase future resale value or refinance once vacant. A solid addition to any investment portfolio with built-in income already in place!
For sale
Price cut: $4.9K (7/28)
$84,999
41 Yorke St, Salem, NJ 08079
3beds
1,684sqft
Single Family Residence
Built in 1900
10,507 Square Feet Lot
$-- Zestimate®
$50/sqft
$-- HOA
What's special
Basement for additional storagePrivate backyard spaceGenerously sized bedrooms
- 97 days |
- 1,746 |
- 153 |
Zillow last checked:
Listing updated:
Listed by:
Gina Scodella 732-779-5569,
RE/MAX Revolution
Source: Bright MLS,MLS#: NJSA2019002
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,684
- Total interior livable area: 1,684 sqft
- Finished area above ground: 1,684
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: Other
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 10,507 Square Feet
- Dimensions: 37.00 x 284.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 130007200026
- Zoning: RESIDENTIAL
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Other
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: No Septic System
- Water: Public
Community & HOA
Community
- Subdivision: None Available
HOA
- Has HOA: No
Location
- Region: Salem
- Municipality: SALEM CITY
Financial & listing details
- Price per square foot: $50/sqft
- Tax assessed value: $37,600
- Annual tax amount: $3,244
- Date on market: 5/18/2026
- Listing agreement: Exclusive Right To Sell
- Exclusions: Personal Belongings
- Ownership: Fee Simple
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$1,982/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/28/2026 | Price change | $84,999-5.5%$50/sqft |
Source: | ||
| 6/17/2026 | Price change | $89,900-7.8%$53/sqft |
Source: | ||
| 6/5/2026 | Price change | $97,500-2.4%$58/sqft |
Source: | ||
| 5/18/2026 | Listed for sale | $99,900+149.8%$59/sqft |
Source: | ||
| 7/8/2021 | Sold | $40,000+201.9%$24/sqft |
Source: Public Record Report a problem | ||
| 11/14/1994 | Sold | $13,250$8/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,091 | $37,600 |
| 2024 | $3,091 +4.6% | $37,600 |
| 2023 | $2,956 +8.3% | $37,600 |
| 2022 | $2,729 +2.1% | $37,600 |
| 2021 | $2,674 +0.6% | $37,600 |
| 2020 | $2,658 +34.9% | $37,600 |
| 2019 | $1,970 | $37,600 |
| 2018 | $1,970 -8.8% | $37,600 |
| 2017 | $2,161 -47.9% | $37,600 -65% |
| 2016 | $4,148 +0.5% | $107,300 |
| 2015 | $4,127 +0.6% | $107,300 |
| 2014 | $4,102 +3.7% | $107,300 |
| 2012 | $3,957 +2.7% | $107,300 |
| 2011 | $3,854 +2.5% | $107,300 |
| 2010 | $3,762 +5% | $107,300 |
| 2009 | $3,583 | $107,300 |
| 2008 | -- | $107,300 |
| 2007 | -- | $107,300 +131.7% |
| 2006 | -- | $46,300 |
| 2005 | -- | $46,300 |
| 2004 | -- | $46,300 |
| 2003 | -- | $46,300 |
| 2002 | -- | $46,300 |
| 2001 | -- | $46,300 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 08079
Nearby schools
GreatSchools rating
- NAJohn Fenwick Elementary SchoolGrades: PK-2Distance: 0.5 mi
- 3/10Salem Middle SchoolGrades: 3-8Distance: 0.6 mi
- 5/10Salem High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- District: Salem City Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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