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About the Listing EXPREAL1 - 3279783
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 Highlights
Status
Active
Days on Site
8
Property Type
Residential
MLS ®
NJSA2019252
Year Built
1910
Total Square Footage
2,473
Lot/Acreage
0.11
Interior Details
- Bedrooms: 5
- Bathrooms: 2 Full
- Appliances: Stove, Refrigerator, Range Hood
- Air Cond:
- Heating: Forced Air,Baseboard - Electric
- Fireplaces:
- Floor: Vinyl,Wood
- Above Ground Sq Ft: 2473
- Below Ground Sq Ft: 0
- Basement: Partial,Unfinished
- Other: 2nd Kitchen,Carpet,Floor Plan - Traditional,Wood Floors,Additional Stairway,Attic,Ceiling Fan(s),Formal/Separate Dining Room,Bathroom - Tub Shower,Main Floor Bedrooms: 2
- Water: Public
Exterior Details
- Lot Description: Corner,Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 45.00 x 111.00
- Zoning: Residential
- Roof: Shingle
- Others: Sidewalks,Street Lights,Exterior Lighting
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $5,194
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
78 Walnut St Salem, NJ 08079
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