Welcome to 78 Walnut Street, Salem, NJ, a 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! Property is being sold As-Is.
27 days
|
384
|
22
|
Zillow last checked:
Listing updated:
Listed by:
JASMINE BRADLEY914-648-2418,
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: $83/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