Linda Baron

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159-161 GRANT STREETSALEM, NJ 08079

Multi-Family · 1,644 Sq. ft. | 0.09 Acres
$140,000 ACTIVE

159-161 GRANT STREET Overview

Time on Site:
53 days
Visits:
8

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.

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159-161 GRANT STREET Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,644
  • Price/Sq.ft. $85
  • Lot 0.09 Acres

Details

General

School Information

  • Elementary School: JOHN FENWICK E.S.
  • Middle Or Junior School: SALEM M.S.
  • High School: SALEM H.S.

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Pool: No Pool
  • Total SQFT: 1644
  • Year Built: 1920

Location/Region

  • Country: US
  • County: SALEM
  • County Or Parish: SALEM
  • MLS Area Major: Salem City (21713)

Parking Information

  • Type of Parking: Parking Lot

Tax Information

  • County Tax Payment Frequency: Annually
  • Tax Annual Amount: $1,500.00
  • Tax Assessed Value: 35400.00
  • Tax Year: 2025

General Information

  • Property Sub Type: Duplex
  • Property Type: Multi-Family
  • School District Name: SALEM CITY SCHOOLS
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2025
  • Zoning: RESID

Unit Information

  • Other Units: Unit 1,Unit 1

Interior

Building Information

  • Cooling Fuel: None
  • Heating Fuel: Natural Gas

Parking Information

  • Garage: No

Building Exterior/Construction

  • Structure Type: Detached

Building Interior

  • Above Grade Finished Area: 1644
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area: 0
  • Below Grade Finished Area Units: Square Feet
  • Central Air: No
  • Hot Water: Electric

General Information

  • Accessibility Features: None
  • Cooling: None
  • Foundation Details: Stone
  • Living Area: 1644
  • Living Area Source: Assessor

Unit Information

  • One Bedroom Units Count: 0
  • Single Room Units Count: 0
  • Three Bedroom Units Count: 2
  • Two Bedroom Units Count: 0

Exterior

Lot Information

  • Lot Size Dimensions: 25.00 x 160.00
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 3999.00
  • Lot Size Units: Square Feet
  • Water Source: Well, Well Permit Applied For

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Other
  • Construction Materials: Vinyl Siding

General Information

  • Number Of Units Leased: 0
  • Number Of Units Total: 1
  • Other Structures: Above Grade,Below Grade
  • Sewer: Applied for Permit
  • Water Access: No

Unit Information

Unit 1 Details

  • Unit Type: Unit 1

Unit 2 Details

  • Unit Type: Unit 1

159-161 GRANT STREET Neighborhood

Community

08079 (SALEM) Demographics

40
Median Age
98
Population Density (per sq. mile)
24%
College Educated
$42,077
Estimated Median Income
2,379
Estimated Total Home Owners
1,639
Estimated Total Renters
59% / 41%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

159-161 GRANT STREET Monthly Cost

$
$ %
%
$
$
Tom Fullen
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

159-161 GRANT STREET Market Data

Based on the last 30 days in this zip code

$217,443
Average List Price
$117
Average Price per Square Foot
13
Properties Sold
101
Average Days on Market
74
Properties for Sale
Calculations provided by Reliance Network

159-161 GRANT STREET History

Date Event Value Agent
5/8/2026Source: BRIGHT MLS Added to Database
May 08, 2026
12/3/2024Source: BRIGHT MLS Added to Database
August 12, 2021
Listing provided courtesy of Keller Williams - Main Street- MLS# NJSA2018900MLS ProviderContact Information: [email protected] - 8568582200