$220,000

78 WALNUT ST, Salem, NJ 08079

  • 5 beds |
  • 2 baths |
  • 2,473 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1910
  • Property Lot Size Icon4,792sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $89/sqft
  • Property List Date Icon Listed 12 days ago

Property Description

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.

Listing Status:
Active
Data Last Updated:
June 24, 2026 at 1:18PM
Listing Office:
EXP Realty, LLC : 8662016210
Listing Agent:
Wendy Sparks : 6092028856
MLS ID:
NJSA2019252
  • General: 2nd KitchenCarpetFloor Plan - TraditionalWood FloorsAdditional StairwayAtticCeiling Fan(s)Formal/Separate Dining RoomBathroom - Tub Shower
  • Rooms: Living RoomDining RoomBedroom 2KitchenBasementBedroom 1Bathroom 2Bathroom 3AtticScreened Porch
  • Appliances: StoveRefrigeratorRange Hood
  • Basement: PartialUnfinished
  • Flooring: VinylWood
  • A/C: None
  • Heating: Forced AirBaseboard - ElectricPropane - Leased
  • Disability Feature: None
  • General: SidewalksStreet LightsExterior LightingAbove GradeBelow Grade
  • Style: Colonial
  • Roofing: Shingle
  • General: Aluminum Siding2Brick/Mortar
  • Originating MLS: BRIGHT_MAIN
  • School District: SALEM CITY SCHOOLS
  • County: SALEM-NJ
  • Zoning: R-213-00086-00004
  • Fencing: ChainLink
  • Utilities: Cable tv
  • Water: Public
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN
  • Exclusions: personal property

This listing courtesy of Wendy Sparks , EXP Realty, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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