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.
For sale
Price cut: $10K (5/19)
$190,000
60 Walnut St, Salem, NJ 08079
6beds
--baths
2,476sqft
Est.: Get pre-qualified
Duplex
Built in 1920
-- sqft lot
$188,200 Zestimate®
$77/sqft
$-- HOA
What's special
Quiet residential streetUpdated interiorsTwo spacious unitsGenerous living space
- 21 days |
- 780 |
- 52 |
Zillow last checked:
Listing updated:
Listed by:
Allegra Lyndell 856-343-9479,
Society
Source: Bright MLS,MLS#: NJSA2018904
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Electric Water Heater
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,476
- Total interior livable area: 2,476 sqft
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 5,519 Square Feet
- Dimensions: 40.00 x 138.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 130008400001
- Zoning: DUPLEX
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Aluminum Siding
- Foundation: Other
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Well Permit Applied For
Community & HOA
Location
- Region: Salem
- Municipality: SALEM CITY
Financial & listing details
- Price per square foot: $77/sqft
- Tax assessed value: $48,600
- Annual tax amount: $4,193
- Date on market: 5/11/2026
- Listing agreement: Exclusive Agency
- Listing terms: Conventional,FHA,FHVA,VA Loan
- Ownership: Fee Simple
Estimated market value
$188,200
$179,000 - $198,000
$1,884/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/19/2026 | Price change | $190,000-5%$77/sqft |
Source:  Bright MLS #NJSA2018904 Report a problem | ||
| 5/11/2026 | Listed for sale | $200,000+5.3%$81/sqft |
Source: Bright MLS #NJSA2018904 Report a problem | ||
| 1/30/2026 | Listing removed | $190,000$77/sqft |
Source: Bright MLS #NJSA2014378 Report a problem | ||
| 12/17/2025 | Contingent | $190,000$77/sqft |
Source: Bright MLS #NJSA2014378 Report a problem | ||
| 5/2/2025 | Pending sale | $190,000$77/sqft |
Source: Bright MLS #NJSA2014378 Report a problem | ||
| 4/30/2025 | Contingent | $190,000$77/sqft |
Source: Bright MLS #NJSA2014378 Report a problem | ||
| 4/9/2025 | Listed for sale | $190,000+111.1%$77/sqft |
Source: Bright MLS #NJSA2014378 Report a problem | ||
| 4/27/2022 | Sold | $90,000-18.2%$36/sqft |
Source: Bright MLS #NJSA2002066 Report a problem | ||
| 3/8/2022 | Pending sale | $110,000$44/sqft |
Source: Bright MLS #NJSA2002066 Report a problem | ||
| 1/24/2022 | Listed for sale | $110,000$44/sqft |
Source: Bright MLS #NJSA2002066 Report a problem | ||
| 1/21/2022 | Contingent | $110,000$44/sqft |
Source: Bright MLS #NJSA2002066 Report a problem | ||
| 1/7/2022 | Price change | $110,000-8.3%$44/sqft |
Source: Bright MLS #NJSA2002066 Report a problem | ||
| 12/22/2021 | Listed for sale | $120,000$48/sqft |
Source: Bright MLS #NJSA2002066 Report a problem | ||
| 3/1/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 7/25/2020 | Listing removed | $1,150 |
Source: Owner Report a problem | ||
| 7/17/2020 | Price change | $1,150+15% |
Source: Owner Report a problem | ||
| 6/24/2020 | Listed for rent | $1,000 |
Source: Owner Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 08079
Nearby schools
GreatSchools rating
- NAJohn Fenwick Elementary SchoolGrades: PK-2Distance: 0.1 mi
- 3/10Salem Middle SchoolGrades: 3-8Distance: 0.2 mi
- 5/10Salem High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: John Fenwick E.s.
- Middle: Salem M.s.
- High: Salem H.s.
- District: Salem City Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- New Jersey
- Salem County
- Salem
- 08079
- 60 Walnut St
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