Primary listing photo
Listing photo 2
Listing photo 3

159-161 Grant St, Salem, NJ, 08079

6beds
--baths
1,644sqft
$140,000
$85price/sqft
$1,261/moest. monthly cost
$50,440/yrincome needed

About This Home

Attention investors, builders, and value-add buyers — opportunity awaits in Salem! This multi-family duplex property includes 2 separate units with a total of 6 bedrooms and 2 full bathrooms across two separately deeded lots being sold together. Whether you're looking to renovate and hold, create strong rental cash flow, or reposition the property for future resale potential, this property offers multiple paths for upside. The home features spacious layouts, a full basement for storage or additional utility space, and a large footprint with room to bring your vision to life. Septic improvements are currently underway, creating additional long-term value for the next owner. Conveniently located near downtown Salem, major commuting routes, shopping, and public transportation. Ideal for investors seeking their next project or buyers looking to capitalize on a growing value-add opportunity. Property being sold strictly as-is. Buyer responsible for all inspections, certifications, and due diligence.

Getting Around

42
WalkingCar-Dependent
0
TransitVery Limited Transit
52
BikeBikeable

Schools

3/10
Salem Middle SchoolGrades 3-80.4 mi
5/10
Salem High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1920

Materials

  • Foundation: Stone
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Duplex

Interior

Appliances

  • Appliances included: Electric Water Heater

Basement

  • Area: 0

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 6

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 1,644
  • Total interior livable area: 1,644 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 130002800059
  • Zoning: RESID
  • Special condition: Standard

Features

  • Pool features: None

Lot

  • Lot size: 3,999 sqft
  • Lot size dimensions: 25.00 x 160.00

Parking

  • Parking features: Parking Lot