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Two-Unit Duplex with Basement
For Sale
$140,000

159-161 Grant Street, Salem, NJ 08079

Two separately deeded lots contain six bedrooms, two full bathrooms, and a basement for storage or utility use.

Property Size1,644 SF
Price / SF$85.16
Days on Market117

Property Features for 159-161 Grant Street

General Information

Standard status Active
Size 1,644 SF
Property subtype Multi-Family / Fee Simple
Zoning RESID

Additional Details

Public Transit Yes
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $1,500

Amenities

No Pool

Building Details

Year Built 1920
Listing Agency: Society
Listed By: Justin David Pencook Sr. · License #1866542
Source: Compass
Added: May 6 Changed: Aug 30 Last Checked: Aug 30 at 12:21PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Society

Investment Insights

Based on property information with market context.

This duplex contains two separate residential units with a combined six bedrooms and two full bathrooms. The property includes a full basement that can support storage or additional utility space, and the building dates to 1920. Septic improvements are currently underway. The offering includes two separately deeded lots sold together and is being conveyed strictly as-is, with the buyer responsible for inspections, certifications, and due diligence.

The property is located near downtown Salem, shopping, major commuting routes, and public transportation. Its configuration, lot structure, and ongoing septic work provide a defined scope for an owner evaluating renovation or repositioning plans.

Key Highlights

  • Two separate residential units on two separately deeded lots
  • Six bedrooms and 2 full bathrooms combined
  • Full basement for storage or additional 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

374
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
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Frequently Asked Questions

What type of property is this?
Duplex - Two separately deeded lots contain six bedrooms, two full bathrooms, and a basement for storage or utility use.
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: Two separate residential units on two separately deeded lots; Six bedrooms and 2 full bathrooms combined; Full basement for storage or additional utility space
More about this property
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