78 Walnut Street, Salem, NJ offers exceptional flexibility and value with plenty of room to grow. This spacious home features 5 bedrooms and 2 full bathrooms, making it an excellent opportunity for a growing household, multigenerational living arrangement, or savvy investor seeking rental potential. The property can be enjoyed as a traditional single-family residence or utilized as a two-unit setup, thanks to the separate stairwell providing direct access to the second floor. Whether you're searching for extra living space or an income-producing opportunity, this home provides options to fit your needs. Additional features include a walk-up attic and full basement offering abundant storage space, a newer roof, and leased solar panels to help offset utility costs. The first floor is heated by propane forced air, while the second floor is equipped with electric baseboard heat, allowing for independent comfort throughout the home. Alternatively, the property can be enjoyed as a spacious single-family residence offering up to 5 bedrooms and 2 full bathrooms, ideal for those in need of extra space. As a single-family rental, estimated market rents may range from $1,900 to $2,200 per month, subject to condition and amenities. Conveniently located in the heart of Salem City, this property is close to local shops, dining, parks, and major commuting routes. Whether you're an investor looking to expand your portfolio or a homeowner in need of more space, 78 Walnut Street is a property full of possibilities. Salem City students may also benefit from opportunities offered through the Forman S. Acton Educational Foundation, which provides scholarships, educational programming, and college support for eligible Salem City students. Don't miss your chance to explore all that this versatile Salem City property has to offer! Schedule your private tour today.
For sale
$220,000
78 Walnut St, Salem, NJ 08079
5beds
2,473sqft
Single Family Residence
Built in 1910
4,791 Square Feet Lot
$219,600 Zestimate®
$89/sqft
$-- HOA
What's special
Walk-up atticNewer roofSpacious home
- 15 days |
- 246 |
- 14 |
Zillow last checked:
Listing updated:
Listed by:
Wendy Sparks 609-202-8856,
EXP Realty, LLC,
Listing Team: South Jersey Sparks Group
Source: Bright MLS,MLS#: NJSA2019252
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Rooms
- Room types: Living Room, Dining Room, Bedroom 2, Kitchen, Basement, Bedroom 1, Bathroom 2, Bathroom 3, Attic
Bedroom 1
- Level: Upper
Bedroom 1
- Level: Main
- Area: 143 Square Feet
- Dimensions: 11 X 13
Bedroom 2
- Level: Main
- Area: 130 Square Feet
- Dimensions: 10 X 13
Bathroom 2
- Level: Upper
Bathroom 3
- Level: Upper
Other
- Level: Upper
Basement
- Level: Lower
Dining room
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12 X 12
Kitchen
- Features: Flooring - Vinyl, Kitchen - Electric Cooking
- Level: Main
- Area: 108 Square Feet
- Dimensions: 9 X 12
Kitchen
- Level: Upper
Living room
- Level: Main
- Area: 169 Square Feet
- Dimensions: 13 X 13
Screened porch
- Level: Main
Heating
- Forced Air, Baseboard, Propane
Cooling
- None
Appliances
- Included: Cooktop, Refrigerator, Range Hood, Electric Water Heater
Features
- 2nd Kitchen, Floor Plan - Traditional, Additional Stairway, Attic, Ceiling Fan(s), Formal/Separate Dining Room, Bathroom - Tub Shower
- Flooring: Vinyl, Wood, Carpet
- Basement: Partial,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,473
- Total interior livable area: 2,473 sqft
- Finished area above ground: 2,473
- Finished area below ground: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Screened Porch
- Exterior features: Sidewalks, Street Lights, Lighting
- Pool features: None
- Fencing: Chain Link
Lot
- Size: 4,791 Square Feet
- Dimensions: 45.00 x 111.00
- Features: Corner Lot, Corner Lot/Unit
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 130008600004
- Zoning: R-2
- Zoning description: Residential
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Aluminum Siding
- Foundation: Brick/Mortar
- Roof: Shingle
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Cable
Community & HOA
Community
- Subdivision: None Available
HOA
- Has HOA: No
Location
- Region: Salem
- Municipality: SALEM CITY
Financial & listing details
- Price per square foot: $89/sqft
- Tax assessed value: $60,200
- Annual tax amount: $5,194
- Date on market: 6/12/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Inclusions: Both Refrigerators And Stoves In As-is Condition
- Exclusions: Personal Property
- Ownership: Fee Simple
Estimated market value
$219,600
$209,000 - $231,000
$2,722/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/12/2026 | Listed for sale | $220,000+2.3%$89/sqft |
Source:  Bright MLS #NJSA2019252 Report a problem | ||
| 6/4/2026 | Listing removed | $215,000$87/sqft |
Source: Bright MLS #NJSA2019040 Report a problem | ||
| 5/5/2026 | Price change | $215,000-2.3%$87/sqft |
Source: Bright MLS #NJSA2018236 Report a problem | ||
| 3/21/2026 | Listed for sale | $220,000+373.1%$89/sqft |
Source: Bright MLS #NJSA2018236 Report a problem | ||
| 9/18/2020 | Sold | $46,500-6.8%$19/sqft |
Source: Public Record Report a problem | ||
| 7/2/2020 | Listed for sale | $49,900+1.8%$20/sqft |
Source: Century 21 Town & Country Realty - Woodstown #NJSA138554 Report a problem | ||
| 4/16/2015 | Listing removed | $49,000$20/sqft |
Source: RE/MAX Connections, Realtors RMNJ - NJ #6506025 Report a problem | ||
| 1/15/2015 | Price change | $49,000-16.9%$20/sqft |
Source: RE/MAX Connection - Mantua #6506025 Report a problem | ||
| 8/7/2014 | Price change | $59,000-14.5%$24/sqft |
Source: RE/MAX Connection - Mantua #6413198 Report a problem | ||
| 6/25/2014 | Listed for sale | $69,000-5.5%$28/sqft |
Source: RE/MAX CONNECTION #6413198 Report a problem | ||
| 6/26/2007 | Sold | $73,000$30/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,950 | $60,200 |
| 2024 | $4,950 +4.6% | $60,200 |
| 2023 | $4,732 +3% | $60,200 |
| 2022 | $4,594 +2.1% | $60,200 -4.9% |
| 2021 | $4,502 +0.6% | $63,300 |
| 2020 | $4,475 +34.9% | $63,300 |
| 2019 | $3,316 | $63,300 |
| 2018 | $3,316 -23.3% | $63,300 |
| 2017 | $4,323 +5.4% | $63,300 -40.3% |
| 2016 | $4,102 +0.5% | $106,100 |
| 2015 | $4,081 -12.7% | $106,100 |
| 2014 | $4,676 +3.7% | $106,100 -13.2% |
| 2012 | $4,510 +2.7% | $122,300 |
| 2011 | $4,393 +2.5% | $122,300 |
| 2010 | $4,288 +5% | $122,300 |
| 2009 | $4,084 | $122,300 |
| 2008 | -- | $122,300 |
| 2007 | -- | $122,300 +127.3% |
| 2006 | -- | $53,800 |
| 2005 | -- | $53,800 |
| 2004 | -- | $53,800 |
| 2003 | -- | $53,800 |
| 2002 | -- | $53,800 |
| 2001 | -- | $53,800 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 08079
Nearby schools
GreatSchools rating
- NAJohn Fenwick Elementary SchoolGrades: PK-2Distance: 0.1 mi
- 3/10Salem Middle SchoolGrades: 3-8Distance: 0.2 mi
- 5/10Salem High SchoolGrades: 9-12Distance: 0.7 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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A local lender can help you make sure your offer is ready when you are.
- New Jersey
- Salem County
- Salem
- 08079
- 78 Walnut St
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