Property is currently rented. 3 Bedroom 1 Bath -$1450 Section 8// Studio -$600// Tenants are responsible for Electric. Currently M2M and tenants would like to stay. This property is as is and buyers are responsible for CO
Turnkey duplex opportunity in the heart of Salem with strong income-producing potential! 60–62 Walnut Street features two spacious units, each offering 3 bedrooms and 1 full bathroom, making this an ideal setup for investors or owner-occupants looking to offset living expenses with rental income. This well-maintained multi-family property offers updated interiors, generous living space, and layouts designed for comfortable everyday living. With renovations already completed, the property is positioned for immediate occupancy, steady cash flow, or long-term portfolio growth. Situated on a quiet residential street near schools, shopping, dining, and major commuting routes, this property combines convenience with investment upside. Whether you're looking to expand your rental portfolio or live in one unit while renting the other, this is a rare opportunity to secure a move-in-ready multi-family property with lasting potential.
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.
Investor Alert - Positioned in the heart of Salem, this income producing duplex offers immediate cash flow with both units currently occupied-step into ownership with this Income Producing Asset. The property has been maintained where it matters most. Major mechanical and electrical systems were updated, giving you a solid operational foundation reducing near=term capital expenses. One unit occupied at standard rental rate, while the other is vacant. This is an ideal addition to a growing portfolio or a smart entry point for a first-time investor.
30 Davis Ave presents a redevelopment or full-rehabilitation opportunity in Salem, NJ. The property is currently configured as a multi-unit property and was previously utilized as multiple residential units. Buyer is responsible for confirming zoning compliance, legal use, and permitted unit count with the municipality. Buyer is responsible for all inspections, certifications, municipal requirements, permits, liens, back taxes, and any associated costs.
Salem is located in New Jersey. Salem, New Jersey has a population of 5,237. Salem is less family-centric than the surrounding county with 14.63% of the households containing married families with children. The county average for households married with children is 25.35%.
The median household income in Salem, New Jersey is $26,667. The median household income for the surrounding county is $67,898 compared to the national median of $69,021. The median age of people living in Salem is 32.5 years.
The average high temperature in July is 86.3 degrees, with an average low temperature in January of 24.4 degrees. The average rainfall is approximately 44.9 inches per year, with 16.6 inches of snow per year.
