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Updated Two-Unit Duplex
For Sale
$200,000
Pending

60 Walnut Street, Salem, NJ 08079

Renovated interiors and a two-unit layout support immediate residential occupancy in Salem.

Property Size2,476 SF
Days on Market115

Property Features for 60 Walnut Street

General Information

Standard status Pending
Size 2,476 SF
Property subtype Multi-Family / Fee Simple
Zoning DUPLEX

Units

Unit Mix 2 x 3BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $4,193

Amenities

No Pool

Building Details

Year Built 1920
Listing Agency: Society
Listed By: Justin David Pencook Sr. · License #1866542
Source: Compass
Added: May 9 Changed: Aug 30 Last Checked: Aug 30 at 2:41AM

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.

Built in 1920, this duplex at 60 Walnut Street contains two residential units, each configured with 3 bedrooms and 1 full bathroom. The interiors have been updated, and completed renovations support immediate occupancy. The property is zoned DUPLEX and is located in Salem, New Jersey, within the Salem City Schools district.

The address places the property on Walnut Street in Salem, with schools, shopping, dining, and major commuting routes identified in the surrounding area. The two-unit configuration offers separate residential spaces within one multifamily property, with a consistent bedroom and bathroom arrangement across both units.

Key Highlights

  • Two residential units, each with 3 bedrooms and 1 full bathroom
  • Updated interiors with completed renovations
  • Built in 1920

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Spa & Massage Center HVAC Service Big Box & Wholesale Store

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

134
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 - Renovated interiors and a two-unit layout support immediate residential occupancy in Salem.
Where is this duplex located?
The property is located at 60 Walnut Street Salem, NJ.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two residential units, each with 3 bedrooms and 1 full bathroom; Updated interiors with completed renovations; Built in 1920
More about this property
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