When was property at 5 Olive Street built and last sold?

The property at 5 Olive Street was built in 1940 and last sold on Jul 10, 2023 for $43,750.

How much is this home worth?

The estimated value of the home located at 5 Olive Street is $0.

What are some comparable homes to 5 Olive Street?

There are currently no comparable homes to 5 Olive Street.

Salem

08079

5 OLIVE STREET

$105,000

● House - Off Market

5 OLIVE STREET

SALEM, NJ 08079

2 Beds

1 Bath

884 Ft²

$773

Est. Monthly

22.49%

Cap Rate

About This Property

**Motivated Seller** Investor's Dream – Immediate Income with Strong ROI!

Welcome to 5 Olive, a fully rented and well-maintained single-family rental property offering strong monthly cash flow and minimal maintenance. This is a turnkey investment opportunity with cash-paying tenants already in place, making it perfect for both new and seasoned investors.

*New Furnace

• Mini-Split A/C System Added

• New floors + Fresh Paint

• Newer Roof – No major capital improvements needed

This property is ideal for buy-and-hold investors looking for a low-risk, income-producing asset. The home is in solid condition, with updated mechanicals and consistent rental income, offering hassle-free ownership. With a tenant already in place, you'll start seeing returns immediately. Contact Listing agent to schedule your showing today!

Unit Size

884 Ft²

Days on Market

Land Size

0.06 acres

Price per sqft

$124

Property Type

House

Property Taxes

$232

HOA Dues

Year Built

1940

Payment Calculator

Cap Rate Calculator

Last updated: 8 months ago (Bright MLS #NJSA2016204)

Price History

Date / Event	Date	Event
Feb 17, 2026	Sold	Premium
Sold
Feb 7, 2026	In contract	-
In contract
Jan 10, 2026	Price Decreased	$110,000 ↓ $5K (4.4%)
Price Decreased
Sep 8, 2025	Listed by Vylla Home	$115,000
Listed by Vylla Home
Jun 18, 2024	Sold	Premium
Sold
May 2, 2024	Price Decreased	$114,990 ↓ $5K (4.1%)
Price Decreased
Feb 8, 2024	Price Decreased	$119,900 ↓ $10K (7.8%)
Price Decreased
Dec 29, 2023	Price Decreased	$129,990 ↓ $5K (3.7%)
Price Decreased
Dec 12, 2023	Price Decreased	$135,000 ↓ $10K (6.9%)
Price Decreased
Oct 20, 2023	Listed by RE/MAX Community-Williamstown	$145,000
Listed by RE/MAX Community-Williamstown

	*reduced! *All redone 2 bed 1 bath 2 story. New floors. New kitchen and appliances. Living room. Dining room. Full basment. New hw heater. Full fenced in yard. Front porch. Newer electric. Fresh ally painted. Great price!!! Seller will give $5000 closing cost credit with acceptable offer.

Property Highlights

Building Info

Overview

General

Year Built: 1940

Effective Year Built: 1940
Bedroom Count: 0
Building Condition: 0
Building Quality: 0
Construction Type: 0
Building Style: 0
Exterior Walls Type: 0
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 0
Living Units: 1
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Garage Type: 0
Parking Space Count: 0
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 2,448

Lot Size Depth Feet: 790
Lot Size Frontage Feet: 310
Total Building Area: 884
Building Area: 884
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 0

Heating: 0
Heated Square Feet: 884
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Land Acres: 0000000056
Standard Land Use Code: 1001
County Land Use Code: 2

Neighborhood

School District Name: Salem City School District

Census Tract: 022000

Geography

Assessors Map Reference: TAX MAP 30

District: 13
Parcel: 13 00065-0000-00032
Block: 65
Lot: 32
Municipality: SALEM CITY
Latitude: 39.5673
Longitude: -75.4636

Address

Full Address: 5 Olive St

Address - House Number: 5
Address - Street Name: Olive
Address - Suffix Type: St
State: NJ
City Name: Salem
Carrier Code: C006
4-Digit Zip Code: 1721
Zip Code: 08079

Valuation

Tax

Tax Year: 2022

Tax Amount: $254,826

Market Valuation

Market Total Value: $33,900

Market Land Value: $6,900
Market Improvement Value: $27,000

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $33,900
Assessed Land Value: $6,900
Assessed Improvements Value: $27,000

Sales

Current Sale Contract Date: Jul 10, 2023

Current Sale Recording Date: Jul 13, 2023
Current Sale Price:

Premium
Current Sale Document Type: 12
Current Sale Input Document Number: 6103
Previous Sale Recording Date: Jul 13, 2023
Previous Sale Contract Date: Jul 10, 2023
Previous Sale Amount: $38,000
Previous Sale Document Type: 27

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Salem

Stats & Trends

Median Asking:

$179,000

Sale Price/ft²

$106

Below Asking

0.05%

Average Days on Market

Average Home Size

2066 ft²

Average Home Age

120.6 years

Currently For Sale

69 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 104 Thompson Street, SALEM, NJ, 08079

$1,850 /mo

4 Beds
1 Bath
1,423 ft²

104 Thompson Street, SALEM, NJ, 08079 Listing by Jorge T Matias

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Christine Boysen
Vylla Home
Last Updated: 2 hours ago
Data Source: Bright MLS , MLS# NJSA2016204

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.

5 OLIVE STREET

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About Salem

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions