$299,999
- Studio
- 2,816 Sq Ft
43 45 Chestnut St, Salem, NJ 08079
Heather Bosco
Keller Williams Hometown
(609) 928-8243
6
Salem, NJ Multifamily Homes & Duplexes for Sale
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43 45 Chestnut St, Salem, NJ 08079
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Explore Salem
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$259,000
- Studio
- 2,172 Sq Ft
83 Union St & 56 Olive, Salem, NJ 08079
83 Union St & 56 Olive, Salem, NJ 08079John Rinick Prime Realty Partners
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$170,000
- Studio
- 2,841 Sq Ft
77 W Broadway, Salem, NJ 08079
77 W Broadway, Salem, NJ 08079Richard Clarke Exit Homestead Realty Professi
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$54,999
- Studio
- 1,116 Sq Ft
57 Route 45 Unit 57A, Salem, NJ 08079
57 Route 45 Unit 57A, Salem, NJ 08079John Rinick Prime Realty Partners
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$135,000
- Studio
- 2,870 Sq Ft
287 E Broadway, Salem, NJ 08079
287 E Broadway, Salem, NJ 08079Ivan Kiyatkin BHHS Fox & Roach-Marlton
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$1
- 5 Beds
- 2 Baths
91 8th St, Salem, NJ 08079
91 8th St, Salem, NJ 08079Edward Augsberger COASTAL ELITE REALTY
Why Live in Salem
Salem, NJ, is a historic community surrounded by the Salem River, offering a diverse range of housing options from duplexes and old Victorian homes to newer traditional styles. Homes typically range from 1,000 to 2,000 square feet and sit on smaller lots between 3,000 and 8,000 square feet, fostering a strong sense of community. The area is known for its shaded sidewalks and cozy front porches, perfect for neighborly chats. Students in Salem can attend schools with varying ratings, including John Fenwick Elementary, Salem Middle School, and Salem High School, which offers a low student-teacher ratio and various extracurricular activities. For outdoor enthusiasts, Supawna Meadows Wildlife Refuge provides 2,800 acres of trails, wildlife, and hunting and fishing opportunities, while Fort Mott State Park offers shoreline paths, a historic World War I fort, and seasonal activities like sledding and cross-country skiing. Dining options include Pats Pizza & Bistro, Ella's Mama Mia's Restaurant and Pizzeria, and the retro-style Salem Oak Diner. Shopping and historical exploration are abundant in Downtown Salem and the Salem Historic District, which features 44 buildings on the National Register of Historic Places.
Home Trends in Salem, NJ
On average, homes in Salem, NJ sell after 66 days on the market compared to the national average of 52 days. The median sale price for homes in Salem, NJ over the last 12 months is $154,500, up 31% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$154,500
Median Single Family Sale Price
$160,000
Median Townhouse Sale Price
$205,000
Median 2 Bedroom Sale Price
$106,750
Average Price Per Sq Ft
$96
Number of Homes for Sale
24
Last 12 months Home Sales
65
Months of Supply
4.40
Median List Price
$160,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
31%
In Salem, there are currently 6 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $1 to $299,999, there's a range to accomodate every budget. As of August, 2025 the median home price in Salem is $160,000, while the average sale price is $154,400, offering insights into the local housing market. On average, multi-family homes spend 66 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Salem, NJ.
Salem Types of Homes for Sale
More About Living in Salem
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