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For sale
  • Price cut: $5K (7/30)
    $205,000

    78 Walnut St, Salem, NJ 08079

    5beds
    2,473sqft
    : 
    $1,523/mo
    Get pre-qualified
    Single Family Residence
    Built in 1910
    4,996 Square Feet Lot
    $202,500 Zestimate®
    $83/sqft
    $-- HOA

    What's special

    Five-bedroom two-bathroom single-family residenceInterchangeable layout
    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.
    28 days
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    392
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    23
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    Zillow last checked:

    Listing updated:

    Listed by:

    JASMINE BRADLEY 914-648-2418,

    Hi-Level Real Estate LLC

    Source: Bright MLS,MLS#: NJSA2019582MLS Logo

      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
      • Ownership: Fee Simple

        Estimated market value

        $202,500

        $192,000 - $213,000

        $2,296/mo

        Price history

        DateEventPrice
        7/30/2026Price change$205,000-2.4%$83/sqft
        Source: Bright MLS #NJSA2019582 Report a problem
        7/17/2026Listed for sale$209,999-4.5%$85/sqft
        Source: Bright MLS #NJSA2019582 Report a problem
        7/10/2026Listing removed$220,000$89/sqft
        Source: eXp Realty #NJSA2019254 Report a problem
        6/12/2026Listed for sale$220,000+2.3%$89/sqft
        Source: Bright MLS #NJSA2019252 Report a problem
        6/4/2026Listing removed$215,000$87/sqft
        Source: Bright MLS #NJSA2019040 Report a problem
        5/5/2026Price change$215,000-2.3%$87/sqft
        Source: Bright MLS #NJSA2018236 Report a problem
        3/21/2026Listed for sale$220,000+373.1%$89/sqft
        Source: Bright MLS #NJSA2018236 Report a problem
        9/18/2020Sold$46,500-6.8%$19/sqft
        Source: Public Record Report a problem
        7/2/2020Listed for sale$49,900+1.8%$20/sqft
        Source: Century 21 Town & Country Realty - Woodstown #NJSA138554 Report a problem
        4/16/2015Listing removed$49,000$20/sqft
        Source: RE/MAX Connections, Realtors RMNJ - NJ #6506025 Report a problem
        1/15/2015Price change$49,000-16.9%$20/sqft
        Source: RE/MAX Connection - Mantua #6506025 Report a problem
        8/7/2014Price change$59,000-14.5%$24/sqft
        Source: RE/MAX Connection - Mantua #6413198 Report a problem
        6/25/2014Listed for sale$69,000-5.5%$28/sqft
        Source: RE/MAX CONNECTION #6413198 Report a problem
        6/26/2007Sold$73,000$30/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 08079

        Getting around

        49 / 100
        Car-Dependent
        51 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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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