Property
Salem, NJ 08079 83 Union St & 56 Olive
$265,000
11 more
Presented By: Prime Realty Partners
Beds • 5
Home Details
Welcome to 83 Union & 56 Olive A Rare Investment Opportunity!
This unique offering includes two duplexes on one parcel, effectively giving you a quadplex with strong income potential. All units are currently occupied by long-term tenants, providing immediate cash flow with plenty of room for future upside.
56 Olive features one 1-bedroom unit and one 2-bedroom unit.
83 Union includes two 1-bedroom units.
Each unit is separately metered for gas and electric, making management simple and expenses transparent. Whether you're looking to expand your portfolio or begin your real estate investment journey, this is a prime opportunity you don't want to miss.
Check agent remarks for the rent roll.
Schedule your showing today!
Presented By: Prime Realty Partners
Interior Features for 83 Union St & 56 Olive
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceEstimated
Central Air Y/NNo
Fireplace Y/NNo
Heating FuelNatural Gas, Electric
Heating Y/NYes
Hot WaterElectric, Natural Gas
General for 83 Union St & 56 Olive
Acceptable FinancingCash, Conventional, FHA, Private
AccessibilityNone
Architectural StyleA-Frame
CitySALEM
Construction MaterialsFrame
Cool FuelNone
CoolingNone
CountySALEM
Directionsgps
ExclusionsTenants personal property
Garage Y/NNo
HeatingBaseboard - Electric
Lot Size Square Feet0.00
Lot Size UnitsSquare Feet
MLS AreaSalem City (21713)
ModificationTimestamp2025-07-17T16:42:15
MunicipalitySALEM CITY
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
NumberOfUnitsVacant
One Bedroom Units Count3
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
Possession0-30 Days CD
Price Per Sq Ft Total AG122.01
Property SubtypeQuadruplex
Property TypeMulti-Family
School DistrictSALEM CITY SCHOOLS
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeDetached
Tax Annual Amount4579.0
Tax Assessed Value55700.0
Tax Lot00002
Tax Year2024
Total SQFT2172
Two Bedroom1
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1920
Year Built SourceAssessor
Zoning-
Exterior for 83 Union St & 56 Olive
Foundation DetailsBlock
InclusionsAll appliances
Land Assessed Value8500.00
Land Use Code
Lot Dimensions40.00 x 0.00
Lot Size Acres0.00
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
Tina Torres
Broker/Owner