5 Olive Street Salem, NJ $ 115,000
5 Olive Street
$ 115,000
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5 Olive Street

Salem, NJ, 08079
$ 115,000
Bedrooms2 Baths1.0 Sq 884

Monthly Estimate*

$ 717

5 Olive Street, Salem, NJ 08079 - Image 1

Single Family Home for sale in Salem, NJ

for $115,000 with 2 bedrooms and 1 full bath. This 884 square foot home was built in 1920 on a lot size of 0.06.

Investor's Dream Immediate Income with Strong ROI! Welcome to 5 Olive, a fully rented and well-maintained single-family rental property offering strong monthly cash flow and minimal maintenance. This is a turnkey investment opportunity with cash-paying tenants already in place, making it perfect for both new and seasoned investors. New Furnace Mini-Split A/C System Added New floors + Fresh Paint Newer Roof No major capital improvements needed This property is ideal for buy-and-hold investors looking for a low-risk, income-producing asset. The home is in solid condition, with updated mechanicals and consistent rental income, offering hassle-free ownership. With a tenant already in place, youll start seeing returns immediately. Contact Listing agent to schedule your showing today!

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Single Family Active

Price

$ 115,000

Bedrooms

2

Full Bath

1

Property Type

Single Family

Taxes

$ 2,787

Style

Colonial

Lot Size

0.06

Year Built

1920

Town/City

Salem

County/Region

Salem

MLS | Web ID

NJSA2016204

Features
General
Living Area 884
Sewer Public Sewer
Heating Forced Air
Cooling Ductless/Mini-Split
Possession Settlement Subject to Existing Lease
Zoning RES
Architectural Style Colonial
Construction Materials Frame
School District SALEM CITY SCHOOLS
Exclusions Tenants personal property
Year Built 1920
Levels 2
Tax Year 2024
Ownership Fee Simple
Cool Fuel Electric
Municipality SALEM CITY
Accessibility None
County SALEM
New Construction N
Property Type Residential
HOA N
Subdivision Name NONE AVAILABLE
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Full Baths 1
Status ACTIVE
Directions E Broadway to Olive
City SALEM
Senior Community Y/N N
MLS Area Salem City (21713)
Lot Size Units Square Feet
Lot Size Square Feet 2448.00
Tax Annual Amount 2787.0
Structure Type Detached
Condo/Coop Association fee Y/N N
Bathrooms Full Main Level 1
Bathrooms Count Main Level 1.00
Price Per Sq Ft Total AG 130.09
Acceptable Financing Conventional Cash
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Tax Lot 00032
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Interior
Heating Fuel Natural Gas
Basement Partial
Hot Water Natural Gas
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 884
Central Air Y/N N
Total Bedrooms 2
Below Grade Finished Area 0
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 1
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Exterior
Pool No Pool
Water Source Public
Inclusions All Appliances AS-IS
Type of Parking On Street
Foundation Details Block
Water View Y/N N
Lot Dimensions 31.00 x 79.00
Lot Size Acres 0.06
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 6900.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 5
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* Excluded Features
List By
Vylla Home

Broker

christine.boysen@vylla.com

Email

Affordability Calculator

$950
Per Month
76%
24%
0%
Monthly Principal & Interest
$717
Monthly Property Taxes
$232
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3535135 Elementary School
3536320 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/8/2025$115,000 Listed Price

Map


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5 Olive Street, Salem, NJ, 08079 is a Single Family Home for sale at $115,000 with 884 sqft and a lot size of 0.06. 5 Olive Street has 2 bedrooms, 1.0 baths, and was built in 1920. The property's zip code is 08079 which is in Salem, NJ