$65,000
●
House -
Off Market
22 OLD KINGS HIGHWAY
SALEM, NJ 08079
2 Beds
1 Bath
1,331 Ft²
$651
Est. Monthly
33.85%
Cap Rate
About This Property
Terrific opportunity to gain some instant equity in this 2 Bedroom,
1 Full Bathroom Bungalow Style home in Salem, NJ. Enter into the
Spacious Enclosed Front Porch and head into the Large Living Room
featuring a Brick Fireplace. The Dining Room sits right off the
Living Room and Kitchen, which is great for entertaining. Right off
the Eat-In Kitchen is the Enclosed Back Porch with Laundry Hook-Ups
and a door leading to out back. The 2nd Floor comes with a Big
Primary Bedroom with 2 Closets, the 2nd Bedroom, both with Hardwood
Floors, and the Full Bathroom completes this Level. This home comes
with great yard space (.37 acres) and a Full Basement for all of
your storage needs. Home does needs work and clean up. Home is
being sold in as-is condition. Buyer is responsible for
obtaining the State Fire Inspection.
Unit Size
1,331 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$56
Property Type
House
Property Taxes
$283
HOA Dues
-
Year Built
1920
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (Bright MLS #NJSA2016144)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 29, 2025 | Listed | $215,000 | |
| Listed | |||
| | |||
|
Welcome to this charming 2-bedroom, 1-bath home set on just under half an acre in peaceful Mannington! Step inside to a bright and welcoming living room with a classic brick fireplace and plenty of natural light. A dedicated dining room sits just off the kitchen, offering a comfortable space for meals and gatherings. Upstairs, you’ll find two nicely sized bedrooms with great closet space, along with a full bathroom. The full basement provides laundry hookups, ample storage, and potential for a workshop or hobby area. Outside, the spacious yard offers room to garden, play, or simply relax and enjoy the quiet setting. With its solid structure and timeless character, this home is a great opportunity for someone looking to update and build equity. Located on a quiet rural road while still offering convenient access to local amenities and major routes, this property is ready for its next chapter. Bring your vision and make this Mannington gem your own, schedule your showing today!
| |||
| Oct 20, 2025 | Sold | ||
| Sold | |||
| Sep 18, 2025 | In contract | - | |
| In contract | |||
| Sep 5, 2025 | Listed by Keller Williams Realty - Washington Township | $75,000 | |
| Listed by Keller Williams Realty - Washington Township | |||
| Feb 9, 2024 | Sold | ||
| Sold | |||
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Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Salem
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Listed by: Joshua Behr
Keller Williams Realty - Washington Township
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# NJSA2016144
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Keller Williams Realty - Washington Township
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# NJSA2016144
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