**Motivated Seller** Investor's Dream – Immediate Income with Strong ROI! Welcome to 5 Olive, a fully rented and well-maintained single-family rental property offering strong monthly cash flow and minimal maintenance. This is a turnkey investment opportunity with cash-paying tenants already in place, making it perfect for both new and seasoned investors. *New Furnace • Mini-Split A/C System Added • New floors + Fresh Paint • Newer Roof – No major capital improvements needed This property is ideal for buy-and-hold investors looking for a low-risk, income-producing asset. The home is in solid condition, with updated mechanicals and consistent rental income, offering hassle-free ownership. With a tenant already in place, you’ll start seeing returns immediately. Contact Listing agent to schedule your showing today!
Sold for $105,000
$105,000
5 Olive St, Salem, NJ 08079
2beds
884sqft
Single Family Residence
Built in 1920
2,448 Square Feet Lot
$108,600 Zestimate®
$119/sqft
$1,458 Estimated rent
Home value
$108,600
$103,000 - $114,000
$1,458/mo
Zestimate® history
Owner options
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$1,458/mo
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$1,458/mo
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$672/mo
Est. payment
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$672/mo
Est. payment
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Fresh paintNew floorsNewer roof
Zillow last checked:
Listing updated:
Listed by:
Christine Boysen 609-670-5109,
Vylla Home
Bought with:
Daniel Vasapollo, 2184768
Keller Williams - Main Street
Source: Bright MLS,MLS#: NJSA2016204
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- Ductless, Electric
Appliances
- Included: Gas Water Heater
Features
- Basement: Partial
- Has fireplace: No
Interior area
- Total structure area: 884
- Total interior livable area: 884 sqft
- Finished area above ground: 884
- Finished area below ground: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 2,448 sqft
- Dimensions: 31.00 x 79.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 130006500032
- Zoning: RES
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Block
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Salem
- Subdivision: None Available
- Municipality: SALEM CITY
Other
Other facts
- Listing agreement: Exclusive Agency
- Listing terms: Conventional,Cash
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 2/17/2026 | Sold | $105,000-4.5%$119/sqft |
Source:  Bright MLS #NJSA2016204 Report a problem | ||
| 2/6/2026 | Pending sale | $110,000$124/sqft |
Source: Bright MLS #NJSA2016204 Report a problem | ||
| 1/8/2026 | Price change | $110,000-4.3%$124/sqft |
Source: Bright MLS #NJSA2016204 Report a problem | ||
| 9/8/2025 | Listed for sale | $115,000+2.6%$130/sqft |
Source: Bright MLS #NJSA2016204 Report a problem | ||
| 6/18/2024 | Sold | $112,098-2.5%$127/sqft |
Source: Bright MLS #NJSA2009190 Report a problem | ||
| 5/2/2024 | Listed for sale | $114,990$130/sqft |
Source: Bright MLS #NJSA2009190 Report a problem | ||
| 4/21/2024 | Listing removed | -- |
Source: Bright MLS #NJSA2009190 Report a problem | ||
| 4/19/2024 | Price change | $114,990-4.1%$130/sqft |
Source: Bright MLS #NJSA2009190 Report a problem | ||
| 2/8/2024 | Price change | $119,900-7.8%$136/sqft |
Source: Bright MLS #NJSA2009190 Report a problem | ||
| 12/28/2023 | Price change | $129,990-3.7%$147/sqft |
Source: Bright MLS #NJSA2009190 Report a problem | ||
| 11/27/2023 | Price change | $135,000-6.9%$153/sqft |
Source: Bright MLS #NJSA2009190 Report a problem | ||
| 11/7/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 10/20/2023 | Listed for sale | $145,000+231.4%$164/sqft |
Source: Bright MLS #NJSA2009190 Report a problem | ||
| 9/7/2023 | Listing removed | -- |
Source: Zillow Rental Network_1 Report a problem | ||
| 9/7/2023 | Listed for rent | $1,470$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/13/2023 | Sold | $43,750-37.5%$49/sqft |
Source: Public Record Report a problem | ||
| 4/29/2019 | Sold | $70,000+250%$79/sqft |
Source: Public Record Report a problem | ||
| 3/5/2019 | Sold | $20,000+207.7%$23/sqft |
Source: Public Record Report a problem | ||
| 11/15/2011 | Sold | $6,500-38.1%$7/sqft |
Source: Public Record Report a problem | ||
| 9/28/2011 | Price change | $10,500-22.2%$12/sqft |
Source: RE/MAX Connection #5939672 Report a problem | ||
| 8/27/2011 | Price change | $13,500-22.9%$15/sqft |
Source: RE/MAX Connection #5939672 Report a problem | ||
| 5/11/2011 | Listed for sale | $17,500+118.8%$20/sqft |
Source: RE/MAX Connection #5883584 Report a problem | ||
| 3/25/2011 | Sold | $8,000-60%$9/sqft |
Source: Public Record Report a problem | ||
| 2/6/2011 | Price change | $20,000+34.2%$23/sqft |
Source: RE/MAX Preferred #5804756 Report a problem | ||
| 12/31/2010 | Price change | $14,900-25.5%$17/sqft |
Source: RE/MAX Preferred #5804756 Report a problem | ||
| 11/28/2010 | Listed for sale | $20,000-31%$23/sqft |
Source: foreclosure.com Report a problem | ||
| 7/29/2010 | Listing removed | $29,000$33/sqft |
Source: River Beach Realty, Inc. #5570779 Report a problem | ||
| 5/22/2010 | Price change | $29,000-35.4%$33/sqft |
Source: River Beach Realty, Inc. #5570779 Report a problem | ||
| 3/13/2010 | Price change | $44,900-25%$51/sqft |
Source: River Beach Realty, Inc. #5570779 Report a problem | ||
| 7/30/2009 | Listed for sale | $59,900$68/sqft |
Source: River Beach Realty, Inc. #5570779 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,787 | $33,900 |
| 2024 | $2,787 +4.6% | $33,900 |
| 2023 | $2,665 +8.3% | $33,900 |
| 2022 | $2,460 +2.1% | $33,900 |
| 2021 | $2,411 +0.6% | $33,900 |
| 2020 | $2,396 +34.9% | $33,900 |
| 2019 | $1,776 | $33,900 |
| 2018 | $1,776 -23.3% | $33,900 |
| 2017 | $2,315 +49.7% | $33,900 -15.3% |
| 2016 | $1,546 +0.5% | $40,000 |
| 2015 | $1,538 +0.6% | $40,000 |
| 2014 | $1,529 -42.3% | $40,000 -44.3% |
| 2012 | $2,648 +2.7% | $71,800 |
| 2011 | $2,579 +2.5% | $71,800 |
| 2010 | $2,517 +5% | $71,800 |
| 2009 | $2,397 | $71,800 |
| 2008 | -- | $71,800 |
| 2007 | -- | $71,800 +137% |
| 2006 | -- | $30,300 |
| 2005 | -- | $30,300 |
| 2004 | -- | $30,300 |
| 2003 | -- | $30,300 |
| 2002 | -- | $30,300 |
| 2001 | -- | $30,300 |
Find assessor info on the county website
Neighborhood: 08079
Nearby schools
GreatSchools rating
- NAJohn Fenwick Elementary SchoolGrades: PK-2Distance: 0.3 mi
- 3/10Salem Middle SchoolGrades: 3-8Distance: 0.3 mi
- 5/10Salem High SchoolGrades: 9-12Distance: 0.9 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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- New Jersey
- Salem County
- Salem
- 08079
- 5 Olive St
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