OFF MARKET

Off market apr 2023 for $140K

—

Est. refi paymentEst. refi $1,107/mo

—

•

— ba

•

2,604

sq ft

86-88 Chestnut St, Salem, NJ 08079

About this home

Attention Savvy Investors: Check out this well-maintained side-by-side duplex with separate utilities, great rental history. Preferably for the Buyer to assume the current lease. Each unit has 3 Bedrooms. One side pays $950.00 and the other side pays $850. Rents are under market value. Both on a month-to-month basis plus utilities. Tenants pay all utilities except water and sewer. Live in one unit and let the rental income pay expenses as your investment appreciates. Invest in your future today. Showing is Preferred during the Open House Saturday, February 18th, 12 -3 pm only.

Multi-familyProperty Type

1970Year Built

4,861 sq ftLot Size

$54Price/Sq.Ft.

Listed by Mery Santana • HomeSmart First Advantage Realty

•856-887-3000 (broker)

Bought with Richard Clarke • Exit Homestead Realty Professionals

•856-692-3948 (broker)

•stephanie@exithomepros.com (broker)

Redfin checked: a minute ago

•Source:BRIGHT MLS #NJSA2006590

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 08079, NJ

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

94.6%

3.2% MoM

Median sale price

$178K

$47K MoM

Avg. days on market

62d

1 days MoM

Recently sold homes

5 MoM

New listings for sale

NEW 34 HRS AGO
$65,000
3 beds1 bath1,044 sq ft
24 Elm St, Salem, NJ 08079
(856) 210-3000
$130,000
6 beds2 baths2,363 sq ft
118-120 Hubbell Ave, Salem, NJ 08001
(856) 321-1212
32 Olive St, Salem, NJ 08079
$350,000
4 beds2 baths1,824 sq ft
32 Olive St, Salem, NJ 08079
(856) 386-8040
$235,000
5 beds2.5 baths1,460 sq ft
50 Walnut St, Salem, NJ 08079
(855) 450-0442
$45,000
2 beds1 bath792 sq ft
202 Pledger St, Salem, NJ 08079
(856) 424-7758
$275,000
4 beds2.5 baths3,495 sq ft
81 W Broadway, Salem, NJ 08079
(856) 769-4111
$240,000
5 beds2 baths3,080 sq ft
55 Market St, Salem, NJ 08079
(855) 450-0442
$195,000
3 beds1.5 baths1,726 sq ft
369 E Broadway, Salem, NJ 08079
(856) 223-2600
SHORT SALE
$239,999
4 beds1 bath1,528 sq ft
636 Salem Quinton Rd, Salem, NJ 08079
(973) 584-2300
FOR SALE BY OWNER
$245,000
2 beds2 baths1,164 sq ft
303 Route 45, Mannington, NJ 08079
See all

Provided by Redfin

Sale history for 86-88 Chestnut St

Year

Property tax

Land + Additions

Assessment*

2025

$5,418 (+4.9%)

$8,200 + $54,600

$62,800

2024

$5,163 (+4.6%)

$8,200 + $54,600

$62,800

2023

$4,937 (+4.6%)

$8,200 + $54,600

$62,800

2022

$4,721 (+3.6%)

$8,200 + $54,600

$62,800

2021

$4,558 (+2.1%)

$8,200 + $54,600

$62,800

2020

$4,466 (+0.6%)

$8,200 + $54,600

$62,800

2019

$4,439 (+2.2%)

$8,200 + $54,600

$62,800

2018

$4,342 (+1.2%)

$8,200 + $54,600

$62,800

2017

$4,289 (+23.2%)

$8,200 + $54,600

$62,800

2016

$3,481 (+1.8%)

$8,200 + $54,600

$62,800

2014

$3,419 (+0.6%)

$19,400 + $69,500

$88,900

2013

$3,399 (−23.1%)

$19,400 + $69,500

$88,900

2012

$4,421 (+1.1%)

$19,400 + $69,500

$88,900

2011

$4,374 (+2.7%)

$19,400 + $99,200

$118,600

2010

$4,260 (+2.5%)

$19,400 + $99,200

$118,600

2009

$4,158

$19,400 + $99,200

$118,600

Tax history for 86-88 Chestnut St

Year

Property tax

Land + Additions

Assessment*

2025

$5,418 (+4.9%)

$8,200 + $54,600

$62,800

2024

$5,163 (+4.6%)

$8,200 + $54,600

$62,800

2023

$4,937 (+4.6%)

$8,200 + $54,600

$62,800

2022

$4,721 (+3.6%)

$8,200 + $54,600

$62,800

2021

$4,558 (+2.1%)

$8,200 + $54,600

$62,800

2020

$4,466 (+0.6%)

$8,200 + $54,600

$62,800

2019

$4,439 (+2.2%)

$8,200 + $54,600

$62,800

2018

$4,342 (+1.2%)

$8,200 + $54,600

$62,800

2017

$4,289 (+23.2%)

$8,200 + $54,600

$62,800

2016

$3,481 (+1.8%)

$8,200 + $54,600

$62,800

2014

$3,419 (+0.6%)

$19,400 + $69,500

$88,900

2013

$3,399 (−23.1%)

$19,400 + $69,500

$88,900

2012

$4,421 (+1.1%)

$19,400 + $69,500

$88,900

2011

$4,374 (+2.7%)

$19,400 + $99,200

$118,600

2010

$4,260 (+2.5%)

$19,400 + $99,200

$118,600

2009

$4,158

$19,400 + $99,200

$118,600

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

—

Baths

—

Stories

—

Lot width

90 ft.

Lot depth

54 ft.

Lot size

4,861 Sq. Ft.

Year renovated

—

Sq. Ft.

2,604

Year built

1970

Style

Single Family Residential

County

Salem County

APN

1300079 00010

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on May 4, 2026.

Property details

Interior

Interior Information
Living Area Sq.Ft. Source: Assessor

Exterior

Property Information
Total Below Grade Sq. Ft.: 0
Improvement Assessed Value: $54,600
Ownership Interest: Fee Simple
Year Built Source: Assessor

Building Information
# of Units (Total): 1
Foundation Details: Block
Other Structures: Above Grade, Below Grade
Structure Type: Detached

Lot Information
Lot Size Dimensions: 90.00 x 54.00
Lot Dimensions Source: Assessor
Tidal Water: No

Land Information
Land Assessed Value: $8,200

Above Grade Information
Finished Sq.Ft.: 2,604
Finished Sq.Ft. Source: Assessor

Below Grade Information
Unfinished Sq.Ft. Source: Assessor
Finished Sq.Ft. Source: Assessor

Financial

Tax Information
Tax Assessed Value: $62,800
Tax Year: 2022
Tax Annual Amount: $4,720

Assessments Information
Year Assessed: 2022

Lease Information
Existing Lease Type: Month to Month, Long Term

Rental Information
Total Actual Rent: $21,600

Utilities

Utilities Information
100 Amp Service
Radiator
Heating Fuel: Oil
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public

Location

Multi Unit Information
# of Three Bedroom Units: 2
# of Units Leased: 2

School Information
School District Name: SALEM CITY SCHOOLS
School District Source: Listing Agent

Location Information
Directions: Google Maps
Municipality: SALEM CITY

Public facts

Beds: —
Baths: —
Sq. Ft.: 2,604
Stories: —
Lot Size: 4,861 square feet
Style: Single Family Residential
Year Built: 1970
Year Renovated: —
County: Salem County
APN: 1300079 00010

Home facts updated by county records on May 4, 2026

Around this home

Schools

Salem Middle School

Public 3-8 • Assigned • 0.1mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

8/10 Flood Factor

Estimated 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)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.1 hours in June and 4.5 hours in December, placing it below the U.S. average for solar exposure.

9.1 hrs

4.5 hrs

JuneDecember

Provided by Shadowmap

Sell confidently with a local market expert in Salem. 3 minutes to get started.

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New listings for sale in 08079

NEW 34 HRS AGO

$65,000

3 beds1 bath1,044 sq ft

24 Elm St, Salem, NJ 08079

(856) 210-3000

$130,000

6 beds2 baths2,363 sq ft

118-120 Hubbell Ave, Salem, NJ 08001

(856) 321-1212

$350,000

4 beds2 baths1,824 sq ft

32 Olive St, Salem, NJ 08079

(856) 386-8040

$235,000

5 beds2.5 baths1,460 sq ft

50 Walnut St, Salem, NJ 08079

(855) 450-0442

$45,000

2 beds1 bath792 sq ft

202 Pledger St, Salem, NJ 08079

(856) 424-7758

$275,000

4 beds2.5 baths3,495 sq ft

81 W Broadway, Salem, NJ 08079

(856) 769-4111

$240,000

5 beds2 baths3,080 sq ft

55 Market St, Salem, NJ 08079

(855) 450-0442

$195,000

3 beds1.5 baths1,726 sq ft

369 E Broadway, Salem, NJ 08079

(856) 223-2600

SHORT SALE

$239,999

4 beds1 bath1,528 sq ft

636 Salem Quinton Rd, Salem, NJ 08079

(973) 584-2300

Home values near 86-88 Chestnut St

Data from public records.

Address	Redfin Estimate
79 Chestnut Street, Salem, NJ 3 Beds \| 1.5 Baths \| 1496 Sq. Ft.	$121,805
85 Chestnut Street, Salem, NJ 3 Beds \| - Baths \| 1152 Sq. Ft.	$123,604

Address	Redfin Estimate
89 Chestnut Street, Salem, NJ 3 Beds \| 1 Baths \| 1214 Sq. Ft.	$86,005
83 Chestnut Street, Salem, NJ 6 Beds \| 2.5 Baths \| 2740 Sq. Ft.	—

Address	Redfin Estimate
87 Chestnut Street, Salem, NJ - Beds \| - Baths \| 1214 Sq. Ft.	$119,893
91 Chestnut Street, Salem, NJ 2 Beds \| 1 Baths \| 1214 Sq. Ft.	$103,944

Property information provided by BRIGHT MLS when last listed in 2023. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 08079, NJ

Sale history for 86-88 Chestnut St

Tax history for 86-88 Chestnut St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 08079

Home values near 86-88 Chestnut St

More real estate resources