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$220,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 2 Full Baths
  • 2,473 Sq. Ft.
  • Updated 3 days ago
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78 Walnut Street, Salem, NJ offers exceptional flexibility and value with plenty of room to grow. This spacious home features 5 bedrooms and 2 full bathrooms, making it an excellent opportunity for a growing household, multigenerational living arrangement, or savvy investor seeking rental potential. The property can be enjoyed as a traditional single-family residence or utilized as a two-unit setup, thanks to the separate stairwell providing direct access to the second floor. Whether you're searching for extra living space or an income-producing opportunity, this home provides options to fit your needs. Additional features include a walk-up attic and full basement offering abundant storage space, a newer roof, and leased solar panels to help offset utility costs. The first floor is heated by propane forced air, while the second floor is equipped with electric baseboard heat, allowing for independent comfort throughout the home. Alternatively, the property can be enjoyed as a spacious single-family residence offering up to 5 bedrooms and 2 full bathrooms, ideal for those in need of extra space. As a single-family rental, estimated market rents may range from $1,900 to $2,200 per month, subject to condition and amenities. Conveniently located in the heart of Salem City, this property is close to local shops, dining, parks, and major commuting routes. Whether you're an investor looking to expand your portfolio or a homeowner in need of more space, 78 Walnut Street is a property full of possibilities. Salem City students may also benefit from opportunities offered through the Forman S. Acton Educational Foundation, which provides scholarships, educational programming, and college support for eligible Salem City students. Don't miss your chance to explore all that this versatile Salem City property has to offer! Schedule your private tour today.

Full Property Details for 78 Walnut St

General

  • Price: $220,000
  • Taxes: $5,194 (2025)
  • Status: Active
  • Type: Single Family
  • Source: BrightMLSPhilly
  • MLS ID: NJSA2019252
  • Updated: 6/12/2026
  • Added to Site: 3 day(s) ago

Interior

  • Number of Rooms: 6
  • Rooms/Areas: Living Room, Dining Room, Bedroom 2, Kitchen, Basement, Bedroom 1, Bathroom 2, Bathroom 3, Attic, Screened Porch
  • Interior Features: 2nd Kitchen, Carpet, Floor Plan - Traditional, Wood Floors, Additional Stairway, Attic, Ceiling Fan(s), Formal/Separate Dining Room, Bathroom - Tub Shower
  • Appliances: Stove, Refrigerator, Range Hood
  • Flooring: Vinyl, Wood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Upper Floor Baths: 1
  • Upper - Full Baths: 1
  • Main Floor Baths: 1
  • Main - Full Baths: 1

Bedrooms

  • Total Bedrooms: 5
  • Bedrooms Upper: 3
  • Bedrooms Main & Up: 2

Exterior

  • Exterior Features: Sidewalks, Street Lights, Exterior Lighting

Parking

  • Parking Type: On Street

Location

  • Area: Salem City (21713)
  • Municipality: SALEM CITY
  • County: SALEM
  • Cross Streets: Smith
  • Driving Directions: From RT 49 Salem, turn onto Walnut St.
  • Location Details: Corner Lot/Unit

School Information

  • School District: Salem City Schools

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air, Baseboard - Electric
  • Heating Fuel: Propane - Leased
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV

Structural Information

  • Architectural Style: Colonial
  • Structure Type: Detached
  • Construction: Aluminum Siding
  • Basement: Yes
  • Basement Desc.: Partial, Unfinished
  • Foundation: Brick/Mortar
  • Roof: Shingle
  • Stories Description: Main, Upper 1
  • Square Feet: 2,473
  • Sq. Ft. Source: Assessor
  • Living Area: 2,473 Sq. Ft.
  • Finished Above Grnd: 2,473 Sq. Ft.
  • Year Built: 1910
  • Year Built Source: Assessor

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Size (Sq. Ft.): 4,791
  • Lot Size Source: Estimated
  • Lot Dimensions: 45.00 x 111.00
  • Zoning: R-2
  • Lot Description: Corner
  • Fencing (Description): Chain Link

Financial Considerations

  • Price Per Sq. Ft.: $88.96
  • Assessment Year: 2025
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax w/Assessment: $60,200
  • Tax Amount: $5,194
  • Tax Year: 2025
  • Tax Total Finished Sq. Ft.: 2473

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: personal property
  • Inclusions: both refrigerators and stoves in as-is condition
  • Lot Number: 4

Listed by EXP Realty, LLC, Wendy Sparks

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Listing agent

— 78 Walnut St —

  • Wendy Sparks

    EXP Realty, LLC

Listing Office Email: nj.broker@exprealty.net

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 78 Walnut St

School District:Salem City School District
NameGradesDistance
John Fenwick Elementary School
183 Smith Street, Salem, NJ 08079
PK-20.1 mi
Salem Middle School
51 New Market Street, Salem, NJ 08079
3-80.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 78 Walnut St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/12/2026
Listed
$220,000
373.12%
MLS
9/15/2020
Sold
$46,500
—
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 78 Walnut St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,950
9%
$60,200
—
2022
$4,525
-1%
$60,200
—
2022
$4,581
—
$60,200
-5%
2021
$4,594
5%
$63,300
—
2018
$4,377
-2%
$63,300
—
2019
$4,475
4%
$63,300
—
2017
$4,323
4%
$63,300
-40%
2016
$4,155
1%
$106,100
—
2015
$4,102
-12%
$106,100
—
2013
$4,676
—
$106,100
—
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 for 78 Walnut St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by EXP Realty, LLC, Wendy Sparks

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78 Walnut Street, Salem, NJ 08079 (MLS# NJSA2019252) is a Single Family property with 5 bedrooms and 2 full bathrooms. 78 Walnut Street is currently listed for $220,000 and was received on June 12, 2026. Want to learn more about 78 Walnut 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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