59 Market St

Beds
Baths
3,437 Sq. Ft.
$73 / Sq. Ft.
3,437
Sq. Ft.
$73
per Sq. Ft.

Description

Great tri-plex in Salem. Three units with long-term tenants, all CO's in place, LBP inspections are current. Two of the units are one bedroom/one bathroom, and one unit has three bedrooms with one full bathroom, one half bathroom. Tenants pay electric on seperate meters. Tenants will need ample notice for showings. All prospective buyers will need to provide proof of funds or an updated mortgage approval letter prior to any showing requests being approved.Great tri-plex in Salem. Three units with long-term tenants, all CO's in place, LBP inspections are current. Two of the units are one bedroom/one bathroom, and one unit has three bedrooms with one full bathroom, one half bathroom. Tenants pay electric on seperate meters. Tenants will need ample notice for showings. All prospective buyers will need to provide proof of funds or an updated mortgage approval letter prior to any showing requests being approved.

Property Details for 59 Market Street

Tax ID Number
13-00006-00017
Ownership
Fee Simple
Structure Type
Detached
Style
Traditional
Waterfront
No
Garage
No
Cross Street
Grant St
Municipality
SALEM CITY
LISTING UPDATED: 10/24/2025 02:43 PM

Property Details for 59 Market Street

StatusActive
MLS #NJSA2016616
Days on Market93
Taxes$5,903 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1820
Lot Size0.28 AC / 11,988 SF
CountySalem County

Location

Listing Courtesy of Keller Williams Hometown
Add your commute

Building Information for 59 Market Street

Stories-Residences1Year Built1820Building Size-Lot Size0.28 AC / 11,988 SF

Payment Calculator

$1,710 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,218

Property Taxes

$492

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 59 Market Street

Location
Location
  • School District Name: SALEM CITY SCHOOLS
  • School District County ID: 300200396391
  • SchoolDistrictSource: Listing Agent
  • County: SALEM
  • MLS Area: Salem City (21713)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $71,800
  • Year Assessed: 2024
  • County Tax: $0
  • Improvement Assessed Value: $63,500
  • City Town Tax: $0
  • Land Assessed Value: $8,300
  • Clean Green Assessed: No
  • Land Use Code: 0
  • Zoning: RES
  • Tax Lot: 00017
  • School Tax: $0
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Heat
  • Rent Control: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 1
  • Units Leased Count: 3
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 2
  • Rent Control: No
Financial Information
Financial Information
  • Annual Rental Income: $35,400
Building Info
Building Info
  • Building Units Total: 1
  • Total Finished SQFT: 3,437.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 54.00 x 222.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 21905724
Parking
Parking
  • Type Of Parking: Driveway, On Street
  • Driveway - # of Spaces: 3
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Radiator
  • Heating Fuel: Oil
  • Hot Water: Electric
  • Water Source: Private
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Gloucester Salem Counties Board of REALTORS

Property History for 59 Market Street

DateEvent & SourcePriceAppreciation
Oct 10, 2025

Listed (Active)

BRIGHT #NJSA2016616

$250,000
May 31, 2019

Expired

BRIGHT #1000372369

$110,000
Mar 19, 2013

Listed (Active)

BRIGHT #1000372369

$159,500
Jun 30, 2008

Expired

BRIGHT #NJSA121962

$199,900
Jun 30, 2008

Expired

BRIGHT #NJSA121978

$199,900
Jul 13, 2006

Listed (Active)

BRIGHT #NJSA121962

$250,000
Jul 12, 2006

Listed (Active)

BRIGHT #NJSA121978

$250,000
DateEvent & SourcePrice
10/10/2025

Listed (Active)

BRIGHT #NJSA2016616

$250,000
05/31/2019

Expired

BRIGHT #1000372369

$110,000
03/19/2013

Listed (Active)

BRIGHT #1000372369

$159,500
06/30/2008

Expired

BRIGHT #NJSA121962

$199,900
06/30/2008

Expired

BRIGHT #NJSA121978

$199,900
07/13/2006

Listed (Active)

BRIGHT #NJSA121962

$250,000
07/12/2006

Listed (Active)

BRIGHT #NJSA121978

$250,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 59 Market Street

Taxable ValueLand$8,300Additions$63,500Total$71,800
Tax Record2024$5,903 ($492 / month)
Home Facts
Beds0Total Finished SqFt3,437 SqFtAbove Grade Finished SqFt3,437 SqFtLot Size11,988 SqFtStyleSingle Family ResidenceYear Built1820CountySALEMAPN13 00006-0000-00017

Schools near 59 Market Street

This home is within Salem City Board Of Education School District.
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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59 Market Street is a multi-family home for sale in Salem, NJ 08079. This property was listed for sale on October 10, 2025 by Keller Williams Hometown, it's currently listed at $250,000. This listing's school district is Salem City Board Of Education School District. Nearby schools include John Fenwick Elementary School, Salem Middle School and Salem High School. 59 Market Street is a 0-bed, 0-bath, 3,437 sqft multi-family home built in 1820.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Hometown

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.