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Multifamily Rehabilitation Property
New
For Sale
$85,000

30 DAVIS AVE, Salem, NJ 08079

Existing multi-unit configuration with a prior residential use and rehabilitation or redevelopment scope.

Property Size800 SF
Price / SF$106.25
Days on Market7

Property Features for 30 DAVIS AVE

General Information

Standard status Active
Size 800 SF
Property subtype Multi-Family

Property Condition

Severity Major Repairs Needed
Evidence full-rehabilitation
Listing Agency: The Thompson Realty Group LLC
Listed By: Bridget Papino
Source: Graves
Added: Aug 26 Changed: Aug 30 Last Checked: Aug 31 at 5:01PM

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 The Thompson Realty Group LLC

Investment Insights

Based on property information with market context.

This multifamily property at 30 Davis Ave is currently arranged as a multi-unit asset and was previously used for multiple residential units. The property is positioned for either comprehensive rehabilitation or redevelopment, subject to municipal review.

Prospective buyers must independently verify zoning compliance, legal use, and the permitted unit count with the municipality. Inspections, certifications, permits, liens, back taxes, and other municipal requirements remain the buyer’s responsibility.

Key Highlights

  • Multifamily property in Salem, NJ
  • Currently configured as a multi‑unit property
  • Previously utilized as multiple residential units

Property Analytics

Current Use

Multifamily properties

Suggested Use

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

Location Intelligence

Trade Area within ½ mile

174
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?
Multifamily property - Existing multi-unit configuration with a prior residential use and rehabilitation or redevelopment scope.
Where is this multifamily property located?
The property is located at 30 DAVIS AVE Salem, NJ.
What is the asking price?
The asking price for this property is $85,000.
What are key features of this property?
This property features: Multifamily property in Salem, NJ; Currently configured as a multi‑unit property; Previously utilized as multiple residential units
More about this property
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