230 Grant Street

Off Market

230 Grant Street

Salem NJ 08079

3170 sq. ft.

7000 sq. ft.

Duplex

Last sold for $220,000

Richard Clarke, last sold this property on 18 December 2024 after 88 days on market.

Overview

Triplex Investment Opportunity in Salem, NJ Property Overview: Location: Salem, NJ Property Type: Triplex All units currently rented, providing immediate income Well-maintained property with recent updates Unit Details: 232 Unit A 1 Bedroom, 1 Bathroom Updated flooring, paint, and appliances Current Rent: $1,050 232 Unit B 1 Bedroom, 1 Bathroom Current Rent: $645 (Potential for increase up to $1,000) 230 Unit 4 Bedrooms, 1 Bathroom Long-term tenant with Section 8 agreement Current Rent: $1,050 (Increase pending approval) Property Features: Vinyl siding Newer roof (replaced in the last couple of years) Investment Potential: Investors, this triplex in Salem, NJ presents a lucrative opportunity with all three units currently rented, generating immediate rental income. With potential rental increases for Unit B and pending approval for an increase in Unit 230, there is room for further profitability. The property's recent updates and well-maintained condition make it an attractive investment for those looking to expand their real estate portfolio. Property is sold strictly in as is condition all inspection are for buyers information only. If new CO are required buyer will be responsible for the cost to obtain them. For more information or to schedule a viewing, please contact the listing agent. Don't miss out on this promising investment opportunity in Salem, NJ! Do not disturb tenants all showings through Showing Time 48 hour notice required . Pictures are from when 232A was vacant

Features

5 bedrooms

3170 sq. ft. floor area

7000 sq. ft. lot size

Duplex

Estimated Value

We need at least 3 similar 5 bedroom duplexes sold in Salem over the last 12 months.

Property history for 230 Grant Street

2024

Sold

$220,000

18 Dec 2024 by Richard Clarke, of Exit Homestead Realty Professi

2022

Sold

Undisclosed

06 Oct 2022

Happy sellers in Salem

We have insufficient information to provide an overview of customer satisfaction for Salem. Viewing the agent profiles, reviews and sales for Salem can provide insights for this location.

Local market activity for 5 bedroom duplexes in Salem

In the last 12 months, 2 five-bedroom duplexes similar to 230 Grant Street, have been sold.

This represents a 50% increase in five-bedroom duplexes sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Salem for a market analysis.

Shannon Oberman

at Romano Realty

(90 reviews)

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Stephine Ransome

4.9

(13 reviews)

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Diane Townsend

at Tealestate LLC

(8 reviews)

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Christy Myers

at American Dream Realty of South Jersey

(29 reviews)

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Salem

Shannon Oberman

Sellers who recommend Shannon Oberman have praised them for being local expert, responsive, clear communication, dedicated, supportive, stress-free process, and patient