5 Olive St Salem, NJ 08079
Salem NeighborhoodEstimated payment $844/month
Highlights
- Colonial Architecture
- No HOA
- Forced Air Heating System
About This Home
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!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,787
Year Built
- Built in 1920
Lot Details
- 2,448 Sq Ft Lot
- Lot Dimensions are 31.00 x 79.00
Parking
- On-Street Parking
Home Design
- Colonial Architecture
- Block Foundation
- Frame Construction
Interior Spaces
- 884 Sq Ft Home
- Property has 2 Levels
- Partial Basement
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Utilities
- Ductless Heating Or Cooling System
- Forced Air Heating System
- Natural Gas Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 00032
- Assessor Parcel Number 13-00065-00032
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,787 | $33,900 | $6,900 | $27,000 |
| 2024 | $2,665 | $33,900 | $6,900 | $27,000 |
| 2023 | $2,665 | $33,900 | $6,900 | $27,000 |
| 2022 | $2,548 | $33,900 | $6,900 | $27,000 |
| 2021 | $1,858 | $33,900 | $6,900 | $27,000 |
| 2020 | $2,411 | $33,900 | $6,900 | $27,000 |
| 2019 | $2,396 | $33,900 | $6,900 | $27,000 |
| 2018 | $2,344 | $33,900 | $6,900 | $27,000 |
| 2017 | $2,315 | $33,900 | $6,900 | $27,000 |
| 2016 | $1,566 | $40,000 | $15,800 | $24,200 |
| 2015 | $1,546 | $40,000 | $15,800 | $24,200 |
| 2014 | $1,538 | $40,000 | $15,800 | $24,200 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/08/2025 09/08/25 | For Sale | $115,000 | +2.6% | $130 / Sq Ft |
| 06/18/2024 06/18/24 | Sold | $112,098 | -2.5% | $127 / Sq Ft |
| 05/02/2024 05/02/24 | For Sale | $114,990 | 0.0% | $130 / Sq Ft |
| 04/22/2024 04/22/24 | Off Market | $114,990 | -- | -- |
| 04/19/2024 04/19/24 | Price Changed | $114,990 | -4.1% | $130 / Sq Ft |
| 02/08/2024 02/08/24 | Price Changed | $119,900 | -7.8% | $136 / Sq Ft |
| 12/28/2023 12/28/23 | Price Changed | $129,990 | -3.7% | $147 / Sq Ft |
| 11/27/2023 11/27/23 | Price Changed | $135,000 | -6.9% | $153 / Sq Ft |
| 10/20/2023 10/20/23 | For Sale | $145,000 | -- | $164 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $112,098 | Chicago Title | |
| Deed | $112,098 | Chicago Title | |
| Bargain Sale Deed | $43,750 | Surety Title | |
| Bargain Sale Deed | $43,750 | Surety Title | |
| Deed | $38,000 | Surety Title | |
| Deed | $38,000 | Surety Title | |
| Deed | $70,000 | -- | |
| Deed | $20,000 | Salem, Oak Title Agency Inc | |
| Not Resolvable | $6,500 | -- | |
| Deed | $8,000 | -- | |
| Sheriffs Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $84,073 | New Conventional | |
| Closed | $84,073 | New Conventional |
Source: Bright MLS
MLS Number: NJSA2016204
APN: 13-00065-0000-00032
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