Turnkey duplex opportunity in the heart of Salem with strong income-producing potential! 60–62 Walnut Street features two spacious units, each offering 3 bedrooms and 1 full bathroom, making this an ideal setup for investors or owner-occupants looking to offset living expenses with rental income. This well-maintained multi-family property offers updated interiors, generous living space, and layouts designed for comfortable everyday living. With renovations already completed, the property is positioned for immediate occupancy, steady cash flow, or long-term portfolio growth. Situated on a quiet residential street near schools, shopping, dining, and major commuting routes, this property combines convenience with investment upside. Whether you're looking to expand your rental portfolio or live in one unit while renting the other, this is a rare opportunity to secure a move-in-ready multi-family property with lasting potential.
Multi-familyProperty Type
1920Year Built
5,519 sq ftLot Size
$67Price/Sq.Ft.
Listed by Allegra Lyndell• Society
•856-229-7094 (broker)
Bought with Kenneth LePosa• Coldwell Banker Realty
Directions: From Route 49/Broadway in Salem, turn onto Walnut Street. Property will be located on the right-hand side. Conveniently accessible from Market Street and nearby major local roadways. Use GPS: 60–62 Walnut Street, Salem, NJ 08079.
Municipality: SALEM CITY
Public facts
Beds: —
Baths: —
Sq. Ft.: 2,476
Stories: —
Lot Size: 5,519 square feet
Style: Single Family Residential
Year Built: 1890
Year Renovated: —
County: Salem County
APN: 1300084 00001
Home facts updated by county records on May 4, 2026
Other
Listing Information
Automatically Close on Close Date
Around this home
Schools
John Fenwick Elementary School
Public PreK-2 • Assigned • 0.1mi
Salem Middle School
Public 3-8 • Assigned • 0.1mi
3/10
Provided by GreatSchools
Climate risks
7/10 Flood Factor
Estimated 72-80% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 103° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Salem, NJ • 08079
Average low and high temperatures (°F)
37
24
41
27
59
39
67
47
73
56
83
65
87
71
80
64
78
62
68
50
57
41
43
30
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Salem. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.6 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$184,000 – $223,000
Sell confidently with a local market expert in Salem.