$79,999
●
House -
In Contract
41 YORKE STREET
SALEM, NJ 08079
3 Beds
2 Baths
1,684 Ft²
$664
Est. Monthly
About This Property
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!
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!
Unit Size
1,684 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$48
Property Type
House
Property Taxes
$270
HOA Dues
-
Year Built
1900
Listed By
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Cap Rate
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: 15 days ago (Bright MLS #NJSA2019002)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 3, 2026 | In contract | - | |
| In contract | |||
| Aug 25, 2026 | Price Decreased |
$79,999
↓ $5K
(5.9%) | |
| Price Decreased | |||
| Jul 29, 2026 | Price Decreased |
$84,999
↓ $5K
(5.5%) | |
| Price Decreased | |||
| Jun 17, 2026 | Price Decreased |
$89,900
↓ $8K
(7.8%) | |
| Price Decreased | |||
| Jun 6, 2026 | Price Decreased |
$97,500
↓ $2K
(2.4%) | |
| Price Decreased | |||
Show More
Property Highlights
Parking Details
Parking Features: Other
Interior Details
Full Bathrooms: 2
Basement: Unfinished
Exterior Details
Square Footage: 1684
Square Footage Source: $0
Architectural Style: Other
Year Built Source: Assessor
Year Built: 1900
Levels: 2
Other Structures: Above Grade, Below Grade
Construction Materials: Frame
Lot Size Area: 10507
Lot Size Units: Square Feet
Lot Size Acres: 0.24
Lot Size Square Feet: 10507
Lot Size Dimensions: 37.00 x 284.00
Tax Lot: 00026
Water Source: Public
Financial Details
Tax Assessed Value: $37,600
Tax Annual Amount: $3,244
Utilities Details
Cooling Type: None
Heating Type: Forced Air
Sewer : No Septic System
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
Price/ft²
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HOA + Taxes
About Salem
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Listed by: Gina Scodella
RE/MAX Revolution
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# NJSA2019002
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.
RE/MAX Revolution
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# NJSA2019002
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