Description
• 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...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!
Property Details for 5 Olive Street
Property Details for 5 Olive Street
| Status | Active |
|---|---|
| MLS # | NJSA2016204 |
| Days on Market | 98 |
| Taxes | $2,787 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Single Family |
| MLS Type | Residential / Fee Simple |
| Year Built | 1920 |
| Lot Size | 0.06 AC / 2,448 SF |
| County | Salem County |
Location
Building Information for 5 Olive Street
Payment Calculator
$801 per month
30 year fixed, 6.28% Interest
$568
$232
$0
Property Information for 5 Olive Street
- School District Name: SALEM CITY SCHOOLS
- School District County ID: 300200396391
- SchoolDistrictSource: Listing Agent
- County: SALEM
- MLS Area: Salem City (21713)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Senior Community: No
- Tax Year: 2024
- Tax Assessed Value: $33,900
- Year Assessed: 2024
- County Tax: $0
- Improvement Assessed Value: $27,000
- City Town Tax: $0
- Land Assessed Value: $6,900
- Clean Green Assessed: No
- Land Use Code: 0
- Zoning: RES
- Tax Lot: 00032
- School Tax: $0
- Automatically Update Tax Values Y/N: Yes
- # Bathrooms Count Main Level: 1
- # Bathrooms Full Main Level: 1
- # Bedrooms Count All Upper Levels: 2
- # Bedrooms Count Upper Level: 2
- Stories: Main, Upper 1
- Total Finished SQFT: 884.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 884.00
- Total SQFT: 884.00
- Total SQFT Source: Assessor
- Construction Materials: Frame
- Basement Type: Partial
- Foundation Details: Block
- Room and Floor: Bathrooms Full-Main Level-1, Bedrooms-Upper Level 1-1, Bedrooms-Upper Level 1-2
- # Bathrooms Full: 1
- Lot Size Source: Assessor
- Lot Size Dimensions: 31.00 x 79.00
- Lot Dimensions Source: Assessor
- Parcel ID: 21906947
- Type Of Parking: On Street
- Fireplace: No
- Accessibility Features: None
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Heating: Yes
- Cooling Type: Ductless/Mini-Split
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: NEXUS Association of Realtors
Property History for 5 Olive Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Sep 8, 2025 | Listed (Active) BRIGHT #NJSA2016204 | $115,000 | — |
| Jun 18, 2024 | Closed BRIGHT #NJSA2009190 | $112,098 | — |
| Jun 14, 2024 | Closed (Public Record) Public Record #1535423615 | $112,098 | +174.8% / yr |
| May 17, 2024 | Pending BRIGHT #NJSA2009190 | — | |
| May 2, 2024 | Listed (Active) BRIGHT #NJSA2009190 | — | |
| Apr 20, 2024 | Expired BRIGHT #NJSA2009190 | — | |
| Apr 19, 2024 | Price Change BRIGHT #NJSA2009190 | $114,990 | — |
| Feb 8, 2024 | Price Change BRIGHT #NJSA2009190 | $119,900 | — |
| Dec 28, 2023 | Price Change BRIGHT #NJSA2009190 | $129,990 | — |
| Nov 27, 2023 | Price Change BRIGHT #NJSA2009190 | $135,000 | — |
| Oct 20, 2023 | Listed (Active) BRIGHT #NJSA2009190 | $145,000 | — |
| Jul 10, 2023 | Closed (Public Record) Public Record #1514669082 | $43,750 | — |
| Jul 10, 2023 | Closed (Public Record) Public Record #1514669081 | $38,000 | +13.5% / yr |
| Nov 8, 2011 | Closed BRIGHT #1004498128 | $6,500 | — |
| Oct 19, 2011 | Pending BRIGHT #1004498128 | — | |
| Aug 25, 2011 | Listed (Active) BRIGHT #1004498128 | $13,500 | — |
| Aug 2, 2011 | Expired BRIGHT #1009268850 | $17,500 | — |
| May 2, 2011 | Listed (Active) BRIGHT #1009268850 | $17,500 | — |
| Mar 8, 2011 | Closed (Public Record) Public Record #311236285 | $8,000 | — |
| Feb 21, 2011 | Expired BRIGHT #1006702772 | $20,000 | — |
| Nov 23, 2010 | Listed (Active) BRIGHT #1006702772 | $20,000 | — |
| Sep 2, 2010 | Expired BRIGHT #1006616490 | $29,000 | — |
| Jul 29, 2009 | Listed (Active) BRIGHT #1006616490 | $59,900 | — |
| Feb 25, 2009 | Expired BRIGHT #1006304356 | $59,900 | — |
| Feb 25, 2008 | Listed (Active) BRIGHT #1006304356 | $69,900 | — |
| Aug 30, 2007 | Expired BRIGHT #NJSA119484 | $69,900 | — |
| Feb 27, 2007 | Listed (Active) BRIGHT #NJSA119484 | $69,900 | — |
| Feb 21, 2005 | Withdrawn BRIGHT #NJSA127188 | $49,000 | — |
| Dec 20, 2001 | Listed (Active) BRIGHT #NJSA127188 | $52,000 | — |
| Nov 30, 2001 | Expired BRIGHT #NJSA120324 | $48,000 | — |
| Apr 17, 1998 | Listed (Active) BRIGHT #NJSA120324 | $52,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 09/08/2025 | Listed (Active) BRIGHT #NJSA2016204 | $115,000 |
| 06/18/2024 | Closed BRIGHT #NJSA2009190 | $112,098 |
| 06/14/2024 | Closed (Public Record) Public Record #1535423615 | $112,098 +174.8% / yr |
| 05/17/2024 | Pending BRIGHT #NJSA2009190 | — |
| 05/02/2024 | Listed (Active) BRIGHT #NJSA2009190 | — |
| 04/20/2024 | Expired BRIGHT #NJSA2009190 | — |
| 04/19/2024 | Price Change BRIGHT #NJSA2009190 | $114,990 |
| 02/08/2024 | Price Change BRIGHT #NJSA2009190 | $119,900 |
| 12/28/2023 | Price Change BRIGHT #NJSA2009190 | $129,990 |
| 11/27/2023 | Price Change BRIGHT #NJSA2009190 | $135,000 |
| 10/20/2023 | Listed (Active) BRIGHT #NJSA2009190 | $145,000 |
| 07/10/2023 | Closed (Public Record) Public Record #1514669082 | $43,750 |
| 07/10/2023 | Closed (Public Record) Public Record #1514669081 | $38,000 +13.5% / yr |
| 11/08/2011 | Closed BRIGHT #1004498128 | $6,500 |
| 10/19/2011 | Pending BRIGHT #1004498128 | — |
| 08/25/2011 | Listed (Active) BRIGHT #1004498128 | $13,500 |
| 08/02/2011 | Expired BRIGHT #1009268850 | $17,500 |
| 05/02/2011 | Listed (Active) BRIGHT #1009268850 | $17,500 |
| 03/08/2011 | Closed (Public Record) Public Record #311236285 | $8,000 |
| 02/21/2011 | Expired BRIGHT #1006702772 | $20,000 |
| 11/23/2010 | Listed (Active) BRIGHT #1006702772 | $20,000 |
| 09/02/2010 | Expired BRIGHT #1006616490 | $29,000 |
| 07/29/2009 | Listed (Active) BRIGHT #1006616490 | $59,900 |
| 02/25/2009 | Expired BRIGHT #1006304356 | $59,900 |
| 02/25/2008 | Listed (Active) BRIGHT #1006304356 | $69,900 |
| 08/30/2007 | Expired BRIGHT #NJSA119484 | $69,900 |
| 02/27/2007 | Listed (Active) BRIGHT #NJSA119484 | $69,900 |
| 02/21/2005 | Withdrawn BRIGHT #NJSA127188 | $49,000 |
| 12/20/2001 | Listed (Active) BRIGHT #NJSA127188 | $52,000 |
| 11/30/2001 | Expired BRIGHT #NJSA120324 | $48,000 |
| 04/17/1998 | Listed (Active) BRIGHT #NJSA120324 | $52,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5 Olive Street
Schools near 5 Olive Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 2 | |||
| Public - | 3 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
John Fenwick Elementary School PublicPK to 2 | ||
Salem Middle School Public3 to 8 | ||
Salem High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Vylla Home
Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.