$575,000
●
House -
In Contract
885 Salem Rd
Union Twp., NJ 07083
3 Beds
1 Bath,
1
Half Bath
$3,763
Est. Monthly
About This Property
Recently renovated in 2024, this inviting split-level in Union's
Livingston Section offers bright, comfortable living spaces with a
layout that feels easy to settle into. The main level flows from
the living room into the dining area and kitchen, with an office
nearby for work, study or everyday flexibility. On the next level,
two bedrooms and a full bath create a comfortable sleeping area,
while just a few steps up, the third bedroom offers added
separation and privacy. Downstairs, the spacious family room
creates a flexible place to unwind, entertain, work out or make
room for the hobbies that fit your lifestyle, with a half bath and
laundry nearby. A newer HVAC/furnace and roof add peace of mind.
Outside, enjoy a patio, generous lawn space and fenced yard, plus
an attached garage and driveway. Close to NJ Transit bus service,
Union Station, Route 22, the Garden State Parkway, local parks,
shopping and dining.
Unit Size
-
Days on Market
-
Land Size
0.22 acres
Price per sqft
-
Property Type
House
Property Taxes
$939
HOA Dues
-
Year Built
1953
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: 16 days ago (GSMLS #4058621)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 23, 2026 | In contract | - | |
| In contract | |||
| Oct 13, 2026 | Listed by KELLER WILLIAMS REALTY | $575,000 | |
| Listed by KELLER WILLIAMS REALTY | |||
| Jun 16, 2022 | Sold | ||
| Sold | |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Attached
Garage Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer, Range/Oven-Gas
Flooring Type: Wood
Rooms: 7
Basement: Finished
Exterior Details
Architectural Style: Split Level
Year Built: 1953
Construction Materials: Aluminum Siding, Brick
Patio and Porch Features: Patio
Lot Size Area: 9583.2
Lot Size Units: Square Feet
Lot Size Acres: 0.22
Lot Size Square Feet: 9583.2
Water Source: Public
Financial Details
Tax Assessed Value: $48,300
Tax Annual Amount: $11,265
Utilities Details
Cooling Type: Central Air, 1 Unit
Heating Type: Forced Air, 1 Unit
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Union
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Last Updated: 16 days ago
Data Source: GSMLS, MLS#
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Data Source: GSMLS, MLS#
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