5 Olive Street, Salem, NJ 08079 - Photo 1

1/1

$110,000

For Sale
Active
Single Family
2 Beds
1 Full Bath
884 Sq. Ft.
Updated 7 days ago

1/1

Property Description

**Motivated Seller** 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, you'll start seeing returns immediately. Contact Listing agent to schedule your showing today!

Full Property Details

Full Property Details for 5 Olive St

General

Price: $110,000
Taxes: $2,787 (2024)
Status: Active
Type: Single Family
Source: BrightMLSPhilly
MLS ID: NJSA2016204
Updated: 1/8/2026
Added to Site: 130 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 1
Full Bathrooms: 1
Main Floor Baths: 1
Main - Full Baths: 1

Bedrooms

Total Bedrooms: 2
Bedrooms Upper: 2

Parking

Parking Type: On Street

Location

Area: Salem City (21713)
Municipality: SALEM CITY
County: SALEM
Driving Directions: E Broadway to Olive

School Information

School District: Salem City Schools

Heating & Cooling

Cooling Type: Ductless/Mini-Split
Cooling Fuel: Electric
Heating Type: Forced Air
Heating Fuel: Natural Gas
Water Heater: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Style: Colonial
Structure Type: Detached
Construction: Frame
Basement: Yes
Basement Desc.: Partial
Foundation: Block
Stories Description: Main, Upper 1
Square Feet: 884
Sq. Ft. Source: Assessor
Living Area: 884 Sq. Ft.
Finished Above Grnd: 884 Sq. Ft.
Year Built: 1920
Year Built Source: Assessor

Lot Features

Lot Size (Acres): 0.06
Lot Size (Sq. Ft.): 2,448
Lot Size Source: Assessor
Lot Dimensions: 31.00 x 79.00
Zoning: RES

Financial Considerations

Price Per Sq. Ft.: $124.43
Assessment Year: 2024
City/TownTax Freq: Annually
County Tax Freq: Annually
Tax w/Assessment: $33,900
Tax Amount: $2,787
Tax Year: 2024
Tax Total Finished Sq. Ft.: 884

Disclosures and Reports

Ownership: Fee Simple
Exclusions: Tenants personal property
Inclusions: All Appliances AS-IS
Lot Number: 32

Listed by Vylla Home, Christine Boysen

Quickly Find Out More

* Indicates a required field

Comment *

Full Name *

Email Address *

Mobile Phone Number *

See this property in person

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 5 Olive St —

Christine Boysen

Vylla Home

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender

NMLS#: 1598647

Get Pre-Approved

Schools

Schools serving 5 Olive St

School District:Salem City School District

Name	Grades	Distance
John Fenwick Elementary School 183 Smith Street, Salem, NJ 08079	PK-2	0.3 mi
Salem Middle School 51 New Market Street, Salem, NJ 08079	3-8	0.3 mi
Salem High School 219 Walnut Street, Salem, NJ 08079	9-12	0.9 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5 Olive St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

1/08/2026

Price Reduced

$110,000

-4.35%

MLS

9/08/2025

Listed

$115,000

2.59%

MLS

6/14/2024

Sold

$112,098

—

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

Tax History for 5 Olive St

Year

Property Taxes

Change

Tax Assessment

Change

2024

$2,787

9%

$33,900

—

2022

$2,548

4%

$33,900

—

2021

$2,460

2%

$33,900

—

2020

$2,411

1%

$33,900

—

2019

$2,396

2%

$33,900

—

2018

$2,344

1%

$33,900

—

2017

$2,315

48%

$33,900

-15%

2016

$1,566

1%

$40,000

—

2015

$1,546

1%

$40,000

—

2013

$1,529

—

$40,000

—

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 5 Olive St

21 Vanburen St, Pennsville Township, NJ 08023 - Photo 1

Just Listed

$249,000

Open House

21 Vanburen St #PENNSVILLE TOWNSHIP Pennsville Township, NJ 08023

Single Family
Active
Updated 2 days ago

3
Beds
3
Total Baths
1,400
Sq. Ft.

Listed by Keller Williams Realty - Washington Township, Arthur Edward Carr Jr.

41 Churchtown Rd, Pennsville Township, NJ 08070 - Photo 1

Just Listed

$369,000

41 Churchtown Rd Pennsville Township, NJ 08070

Single Family
Active
Updated 1 day ago

4
Beds
2
Total Baths
1,636
Sq. Ft.

Listed by EXP Realty, LLC, Timothy j Kaganzev

1084 S Broadway, Pennsville Township, NJ 08070 - Photo 1

Just Listed

$275,000

1084 S Broadway Pennsville Township, NJ 08070

Single Family
Active
Updated 1 day ago

3
Beds
2
Total Baths
1,436
Sq. Ft.

Listed by Township Realty, Nicole Alexis Scarpa

53 Jackson Rd, Pennsville Township, NJ 08023 - Photo 1

Just Listed

$242,000

53 Jackson Rd Pennsville Township, NJ 08023

Single Family
Active
Updated 1 day ago

3
Beds
1
Total Bath
1,081
Sq. Ft.

Listed by Barragan Realty LLC, Tammy R. Lutek

112 Michigan Rd, Pennsville Township, NJ 08070 - Photo 1

Price Reduced

-$5,000 (-1.93%)

$253,999

112 Michigan Rd Pennsville Township, NJ 08070

Single Family
Active
Updated 5 days ago

3
Beds
1
Total Bath
1,064
Sq. Ft.

Listed by EXP Realty, LLC, Jana Zimkouski

99 Jackson Ave, New Castle, DE 19720 - Photo 1

Price Reduced

-$9,100 (-2.47%)

$359,900

99 Jackson Ave New Castle, DE 19720

Single Family
Active
Updated 1 day ago

3
Beds
2
Total Baths
1,375
Sq. Ft.

Listed by Keller Williams Select Realtors of Annapolis, Donna M Baldino

791 S Dupont Hwy, New Castle, DE 19720 - Photo 1

Price Reduced

-$5,993 (-25%)

$17,978

791 S Dupont Hwy New Castle, DE 19720

Commercial Lease
Active

Listed by RE/MAX Associates-Hockessin, Stephen Mervine

327 Pennewill Dr, New Castle, DE 19720 - Photo 1

Price Reduced

-$5,005 (-1.76%)

$279,990

327 Pennewill Dr New Castle, DE 19720

Single Family
Active
Updated 22 hours ago

2
Beds
1
Total Bath
975
Sq. Ft.

Listed by RE/MAX Associates-Hockessin, Andrew Mulrine IV

5 Olive Street, Salem, NJ 08079 (MLS# NJSA2016204) is a Single Family property with 2 bedrooms and 1 full bathroom. 5 Olive Street is currently listed for $110,000 and was received on September 08, 2025. Want to learn more about 5 Olive 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.

5 Olive St Salem, NJ 08079