$95,000
●
House -
Off Market
99 CHESTNUT STREET
SALEM, NJ 08079
3 Beds
1 Bath
1,032 Ft²
$746
Est. Monthly
About This Property
99 Chestnut St is being offered individually, providing a great
opportunity for investors or owner-occupants alike. This 3-bedroom,
1-bath home offers strong potential with a traditional layout,
generous living space, and solid structural bones ready for your
vision and improvements.
Whether you're looking to renovate for increased rental income, add value through cosmetic updates, or customize the home as a primary residence, the possibilities are endless. Located within Salem's redevelopment area, the property stands to benefit from ongoing revitalization and future growth throughout the neighborhood.
With long-term upside potential and flexibility, 99 Chestnut St is an excellent opportunity to expand your portfolio, generate steady cash flow, or purchase an affordable property with room for appreciation.
Whether you're looking to renovate for increased rental income, add value through cosmetic updates, or customize the home as a primary residence, the possibilities are endless. Located within Salem's redevelopment area, the property stands to benefit from ongoing revitalization and future growth throughout the neighborhood.
With long-term upside potential and flexibility, 99 Chestnut St is an excellent opportunity to expand your portfolio, generate steady cash flow, or purchase an affordable property with room for appreciation.
Unit Size
1,032 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$111
Property Type
House
Property Taxes
$180
HOA Dues
-
Year Built
1925
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Cap Rate Calculator
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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: 2 months ago (Bright MLS #NJSA2018876)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 27, 2026 | Sold | ||
| Sold | |||
| Aug 4, 2026 | In contract | - | |
| In contract | |||
| Jul 15, 2026 | Price Decreased |
$115,000
↓ $5K
(4.2%) | |
| Price Decreased | |||
| Jul 9, 2026 | Price Decreased |
$120,000
↓ $5K
(4%) | |
| Price Decreased | |||
| Jun 16, 2026 | Price Decreased |
$125,000
↓ $5K
(3.9%) | |
| Price Decreased | |||
Show More
Property Highlights
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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Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Salem
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Listed by: Allegra D. Lyndell
Keller Williams - Main Street
Last Updated: 2 hours ago
Data Source: Bright MLS , MLS# NJSA2018876
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 - Main Street
Last Updated: 2 hours ago
Data Source: Bright MLS , MLS# NJSA2018876
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