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Duplex with Full Basement
For Sale
$140,000

159-161 GRANT Street, Salem, NJ 08079

MULTI_FAMILY - SALEM, NJ

Property Size1,644 SF
Lot Size0.09 Acres
Price / SF$85.16
Days on Market96

Property Features for 159-161 GRANT Street

General Information

Property type Residential Multi Family
Property subtype Other
Rooms Basement
Parking features Parking Lot
Elementary school JOHN FENWICK E.S.
Middle school SALEM M.S.
High school SALEM H.S.
Elementary school district SALEM CITY SCHOOLS
Middle school district SALEM CITY SCHOOLS
High school district SALEM CITY SCHOOLS
Standard status Active
Size 1,644 SF
Lot size 0.09 Acres

Taxes and HOA fees

Tax Annual Amount 1500

Utilities

Heating system Forced Air

Building Details

Year built 1920
Number of units 1
Building materials Vinyl Siding
Listing Agency: Keller Williams - Main Street
Listed By: Allegra D. Lyndell · License #1754327
Added: May 8 Changed: Jun 23 Last Checked: Aug 11 at 4:06AM
MLS# NJSA2018900

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This duplex for sale includes 2 separate units with a total of 6 bedrooms and 2 full bathrooms. The property has a full basement that can support storage and additional utility space. It is sold together as two separately deeded lots, providing flexibility for owners and future planning. The listing is being offered strictly as-is, with the buyer responsible for all inspections, certifications, and due diligence. Total building size is listed at 1,644 square feet.

Located in Salem, NJ, the property is described as being convenient to downtown Salem, major commuting routes, shopping, and public transportation. This makes the asset practical for investors and owner-operators focused on a straightforward residential income profile. Septic improvements are currently underway, which may factor into planning for the next owner.

For value-add buyers, builders, and investors, this duplex presents an opportunity to renovate and reposition a two-unit asset with multiple deeded lots included in the sale. With two full bathrooms across the units and a full basement for added function, the layout may support a range of tenant setups, subject to verification during due diligence. Given the as-is sale terms and active septic work, prospective buyers should plan accordingly for inspections and permitting.

Key Highlights

  • Multi‑family duplex with 2 separate units, offering 6 bedrooms and 2 full bathrooms total
  • Two separately deeded lots sold together with parking available in a parking lot
  • Full basement provides additional storage and utility space

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Building Supply Electrical Service Dental Office Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

225
Businesses Nearby

Demographics for 08079, NJ

10,793
Population
5,213
Households
2.1
Avg Household Size
40
Median Age
19%
College-Educated
87%
High-School Grad
88.7 sq mi
ZIP Area
122
Density / Sq Mi
$60,375
Median Household Income
$46,345
Median Earnings
$1,057
Median Rent
$180,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit duplex offers 6 bedrooms and 2 full bathrooms, with a full basement and septic improvements underway.
Where is this duplex located?
The property is located at 159-161 GRANT Street Salem, NJ.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Multi‑family duplex with 2 separate units, offering 6 bedrooms and 2 full bathrooms total; Two separately deeded lots sold together with parking available in a parking lot; Full basement provides additional storage and utility space
More about this property
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