78 Walnut St, Salem, NJ, 08079
About This Home
78 Walnut presents an exceptional opportunity for homeowners and investors alike, offering both versatility and strong potential. This fully renovated property features a spacious layout, solid structure, and a true turnkey opportunity. The home includes two full bathrooms and a kitchen on each level, making it ideal for flexible living arrangements. It can be configured as a two-family residence with two bedrooms per unit, or enjoyed as a single-family home with up to FIVE bedrooms plus a dedicated office/den or recreation room, accommodating a variety of lifestyle needs. Heating is provided via forced air on one level and baseboard heating on the other, and window A/C units are utilized for cooling. Enjoy outdoor living with a sundeck, inviting porch, and a large backyard, perfect for hosting gatherings and entertaining. Inside, a full, unfinished basement and attic provide ample storage space and potential for future expansion. Conveniently located near local shops, schools, public transportation, and major roadways, 78 Walnut combines everyday accessibility with small-town charm. Whether you’re seeking a primary residence, multi-generational living, or an income-producing investment, this property offers significant upside potential.
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1910
Materials
- Foundation: Brick/Mortar
- Roof: Shingle
- Construction materials: Frame,Aluminum Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Cooktop,Refrigerator,Range Hood,Electric Water Heater
- Laundry features: Main Level,Hookup
Basement
- Has basement: Yes
- Basement: Partial,Unfinished
Bedroom1
- Level: Upper
Bedroom1
- Level: Main
- Area: 143
- Dimensions: 11 X 13
Bedroom2
- Level: Main
- Area: 130
- Dimensions: 10 X 13
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 4
Dining Room
- Level: Main
- Area: 144
- Dimensions: 12 X 12
Features
- 2nd Kitchen,Floor Plan - Traditional,Kitchen - Country,Additional Stairway,Attic,Built-in Features,Ceiling Fan(s),Formal/Separate Dining Room,Bathroom - Tub Shower
- Flooring: Vinyl,Wood,Carpet
- Finished area below ground: 0
- Finished area above ground: 2,473
Heating & Cooling
- Heating features: Forced Air,Propane
- Cooling features: None
Interior Area
- Total structure area: 2,473
- Total interior livable area: 2,473 sqft
Kitchen
- Features: Flooring - Vinyl,Kitchen - Electric Cooking
- Level: Main
- Area: 108
- Dimensions: 9 X 12
Kitchen
- Level: Upper
Living Room
- Level: Main
- Area: 169
- Dimensions: 13 X 13
Living Room
- Level: Upper
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 130008600004
- Zoning: RES
- Special condition: Standard
- Exclusions: Personal Belongings
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Exterior features: Sidewalks,Street Lights,Lighting
- Fencing: Chain Link
Lot
- Lot size: 4,995 sqft
- Features: Corner Lot,Corner Lot/Unit
- Lot size dimensions: 45.00 x 111.00
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Strong Wind
- Heat Wave
- Ice Storm
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,036 | $12,432 |
| Home Insurance * | $155 | $1,860 |
| Property Taxes | $374 | $4,488 |
| Electricity | $272 | $3,271 |
| Total | $1,837 | $22,044 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-05 | Price change | $215,000 |
| 2026-03-21 | Listed for sale | $220,000 |
| 2020-09-18 | Sold | $46,500 |
| 2020-07-02 | Listed for sale | $49,900 |
| 2015-04-16 | Listing removed | $49,000 |
| 2015-01-15 | Price change | $49,000 |
| 2014-08-07 | Price change | $59,000 |
| 2014-06-25 | Listed for sale | $69,000 |
| 2007-06-26 | Sold | $73,000 |
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