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83 Union St & 56 Olive, 
Salem, NJ 08079

$275,000


5

Beds


Bath


2,172

Sq Ft


Multi-Family

Active

Listed by

John Rinick

Prime Realty Partners

Last updated:

June 16, 2025, 01:25 PM

MLS#

NJSA2015240

Source:

BRIGHTMLS

About This Home

83 Union St & 56 Olive

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!

Home Facts

Multi-Family

5 Bedrooms

Built in 1920

Price Summary

275,000

$126 per Sq. Ft.

MLS #:

NJSA2015240

Last Updated:

June 16, 2025, 01:25 PM

Added:

6 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5


Structure

Structure

Architectural Style:

A-Frame

Building Area:

2,172 Sq. Ft.

Year Built:

1920


Finances & Disclosures

Finances

Price:

$275,000

Price per Sq. Ft:

$126 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Bright MLS All rights reserved.

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Contact an Agent

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.