Rivera Realty

14-16 CHESTNUT STREET, SALEM, NJ 08079

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14-16 CHESTNUT STREET, SALEM, NJ 08079

Sold Price: $321,000
List Price: $400,000
Sold Date: Jan 30, 2025

Sq. Ft.: 4,000
Type: Commercial
Buyer's Agent: Carlo Drogo Sr.
Listing Agent: Carlo Drogo Sr.
Request Information
*** Group Investor Tour - Thursday 11/14/24 at 4:30pm sharp! *** Cash-Cow opportunity in Salem City! New to the market is this 6-unit apartment building, consisting of FIVE 2-bedroom units and ONE 1-bedroom unit. RentRoll: 14A - $1,200/mo; Unit 14B - $925/mo; Unit 14C - $1,075/mo; Unit 16A - $1,275/mo; Unit 16B - $800/mo; Unit 16C - Vacant. Separate electric meters for the entire building, and each tenant pays their own electricity and electric heat. Inquire today to be notified of the upcoming planned group investor tour! Broker and Seller assume no responsibility and make no guarantees, warranties or representations, both expressed or implied, as to the availability or accuracy of the property information, room counts, dimensions or other information depicted or described herein. Buyer is responsible for completing their own due diligence and verifying all information necessary.
Buyer's Agent: Carlo Drogo Sr.
Listing Agent: Carlo Drogo Sr.
Property Features
Location Information
County: SALEM
Municipality: SALEM CITY
MLS Area: Salem City (21713)
Interior Features
Heating: Baseboard - Electric
Heating Fuel: Electric
Cooling: None
Exterior Features
Is New Construction: No
Septic or Sewer: Public Sewer
Lot Size in Acres: 0.24
Building Total Area (Sq. Ft.): 4,000
Additional Information
ListDate: 2024-10-15 00:00:00.0
Property Type: COM
Property SubType: Commercial Sale
Year Built: 1940


$ per month
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Monthly Tax: $
Monthly Insurance: $
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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
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The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Rivera Realty participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Rivera Realty are marked with the IDX icon, and detailed information about each listing includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is a provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Information Deemed Reliable But Not Guaranteed.
BRIGHT(MRIS/Trend) data last updated at January 11, 2026, 10:19 PM ET