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$140,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 1,644 Sq. Ft.
  • Updated 3 days ago
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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.

Full Property Details for 159-161 Grant St

General

  • Price: $140,000
  • Taxes: $1,500 (2025)
  • Status: Active
  • Type: Single Family
  • Source: BrightMLSPhilly
  • MLS ID: NJSA2018900
  • Updated: 5/8/2026
  • Added to Site: 4 day(s) ago

Parking

  • Parking Type: Parking Lot

Location

  • Area: Salem City (21713)
  • Municipality: SALEM CITY
  • County: SALEM
  • Cross Streets: Market
  • Driving Directions: From Route 49/Broadway in Salem, turn onto Market Street, then make a right onto Grant Street. Property will be on the right side near the intersection of Grant Street and Keasbey Street. Use GPS: 159-161 Grant Street, Salem, NJ 08079.

School Information

  • School District: Salem City Schools
  • Elementary School: John Fenwick E.S.
  • Middle School: Salem M.S.
  • High School: Salem H.S.

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Water Heater: Electric

Utilities

  • Sewer: Applied for Permit
  • Water: Well, Well Permit Applied For

Structural Information

  • Architectural Style: Other
  • Structure Type: Detached
  • Construction: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Full
  • Foundation: Stone
  • Square Feet: 1,644
  • Sq. Ft. Source: Assessor
  • Living Area: 1,644 Sq. Ft.
  • Finished Above Grnd: 1,644 Sq. Ft.
  • Year Built: 1920
  • Year Built Source: Estimated

Unit Information

  • Other Units: Unit 1, Unit 1

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Size (Sq. Ft.): 3,999
  • Lot Size Source: Estimated
  • Lot Dimensions: 25.00 x 160.00
  • Zoning: RESID

Financial Considerations

  • Price Per Sq. Ft.: $85.16
  • Assessment Year: 2025
  • County Tax Freq: Annually
  • Tax w/Assessment: $35,400
  • Tax Amount: $1,500
  • Tax Year: 2025
  • Tax Total Finished Sq. Ft.: 1644

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 59

Listed by Society, Justin David Pencook Sr.

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Listing agent

— 159-161 Grant St —

  • Justin David Pencook Sr.

    Society

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Price & Sales History for 159-161 Grant St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/08/2026
Listed
$140,000
115.38%
MLS
1/22/2026
Sold
$65,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 159-161 Grant St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,151
9%
$14,000
—
2022
$1,052
-1%
$14,000
—
2022
$1,065
5%
$14,000
—
2021
$1,010
2%
$14,000
—
2019
$990
2%
$14,000
—
2018
$968
1%
$14,000
—
2017
$956
-58%
$14,000
-76%
2016
$2,256
1%
$57,600
—
2015
$2,227
1%
$57,600
—
2013
$2,202
—
$57,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Society, Justin David Pencook Sr.

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159-161 Grant Street, Salem, NJ 08079 (MLS# NJSA2018900) is a Single Family property with 0 bedrooms and 0 full bathrooms. 159-161 Grant Street is currently listed for $140,000 and was received on May 08, 2026. Want to learn more about 159-161 Grant Street? Do you have questions about finding other Single Family real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.

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