41 YORKE STREET, SALEM, NJ 08079
NONE AVAILABLE · SALEM County
Key Facts
Description
Investor Opportunity in the heart of Salem! This tenant-occupied property offers immediate cash flow with a Section 8 tenant in place and a recently renewed lease, making it an excellent opportunity for both seasoned and first-time investors alike. Built in 1900, the home features spacious living areas, generously sized bedrooms, and plenty of original character throughout. Recent improvements include a newer roof (2021) and water heater (2022), helping minimize major upfront expenses for the next owner. The property also offers public water and sewer, a basement for additional storage potential, and a private backyard space. Conveniently located near local shopping, dining, schools, and major roadways. Whether you’re looking to expand your rental portfolio, secure reliable long-term income, or explore future value-add potential, this property offers multiple investment angles. Strong opportunity to renovate and increase future resale value or refinance once vacant. A solid addition to any investment portfolio with built-in income already in place!
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Structure Type
House
Year Built
1900
Living Area
1,684 sq ft
Lot Size
0.24 acres
Lot Dimensions
37.00 x 284.00
Zoning
RESIDENTIAL
Days on Market
31
MLS® Listing#
NJSA2019002
Property Features
Appliances
Cooling
Heating
Basement
Pool
Parking
Construction
Foundation
Water Source
Schools
- District:
- SALEM CITY SCHOOLS
Financial Details
HOA
None
Annual Taxes
$3,244
Tax year 2025
Assessed Value
$37,600
Parcel Number
13-00072-00026
Directions
As per GPS.
Affordability Calculator
$17,980
Estimated monthly payment
$478/mo
Principal $71,920 · Est. interest $100,335 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in SALEM, NJ
- 77
- Median Days on Market
- 1,684
- Median Sq Ft
- $102
- Median Price / Sq Ft
- 66
- Active Listings
- Its price per sq ft is 48% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in SALEM, NJ.
Location
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Points of Interest in SALEM, NJ
Showing the SALEM area map.
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 24 ELM STREET, SALEM, NJ | $70,000 | 3 | 1 | 1,044 |
| 12 CHURCH STREET, SALEM, NJ | $78,000 | 3 | 1 | 1,214 |
| 100-102 THOMPSON STREET, SALEM, NJ | $79,000 | 6 | 2 | 2,380 |
| 2 NEW BRIDGE ROAD D10, SALEM, NJ | $80,000 | 2 | 2 | 840 |
| 89 CHESTNUT STREET, SALEM, NJ | $84,000 | 3 | 1 | 1,214 |
| 30 DAVIS AVENUE, SALEM, NJ | $85,000 | 4 | — | 800 |
Moving Cost Estimate
EXIT Agents in SALEM
Listing Courtesy: RE/MAX Revolution - 7326781328