Attention! The seller is requesting highest and best offers by Friday, Sept 25th no later than 5pm eastern standard time. Don’t miss out on this 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!
For sale
Price cut: $18K (8/21)
$177,000
78 Walnut St, Salem, NJ 08079
5beds
2,473sqft
Single Family Residence
Built in 1910
4,996 Square Feet Lot
$172,300 Zestimate®
$72/sqft
$-- HOA
What's special
Five-bedroom two-bathroom single-family residence
- 74 days
- 347
- 47
Zillow last checked:
Listing updated:
Listed by:
JASMINE BRADLEY 914-648-2418,
Hi-Level Real Estate LLC
Source: Bright MLS,MLS#: NJSA2019582
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 5
Basement
- Area: 0
Heating
- Other
Cooling
- None
Appliances
- Included: Instant Hot Water
Features
- Basement: Full
- 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: Off Street
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 4,996 Square Feet
- Dimensions: 45.00 x 111.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 130008600004
- Zoning: R-2
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Permanent
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- 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: $72/sqft
- Tax assessed value: $60,200
- Annual tax amount: $5,194
- Date on market: 7/17/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA
- Inclusions: Stove, Refrigerator, Hvac And Solar Panels
- Exclusions: Seller’s Personal Items, Microwave And Window Air Conditioning Units
- Ownership: Fee Simple
Estimated market value
$172,300
$164,000 - $181,000
$2,283/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2026 | Price change | $177,000-9.2%$72/sqft |
Source: | ||
| 8/14/2026 | Price change | $195,000-4.9%$79/sqft |
Source: | ||
| 7/30/2026 | Price change | $205,000-2.4%$83/sqft |
Source: | ||
| 7/17/2026 | Listed for sale | $209,999-4.5%$85/sqft |
Source: | ||
| 7/10/2026 | Listing removed | $220,000$89/sqft |
Source: eXp Realty #NJSA2019254 Report a problem | ||
| 6/12/2026 | Listed for sale | $220,000+2.3%$89/sqft |
Source: | ||
| 6/4/2026 | Listing removed | $215,000$87/sqft |
Source: | ||
| 5/5/2026 | Price change | $215,000-2.3%$87/sqft |
Source: | ||
| 3/21/2026 | Listed for sale | $220,000+373.1%$89/sqft |
Source: | ||
| 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 |
|---|---|---|
| 2026 | $5,194 +4.9% | $60,200 |
| 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
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 08079
Nearby schools
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.




