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Sold for $60,000
  • $60,000

    54 Market St, Salem, NJ 08079

    5beds
    3,246sqft
    MultiFamily
    Built in 1839
    -- sqft lot
    $307,800 Zestimate®
    $18/sqft
    $1,337 Estimated rent

    Home value

    $307,800

    $255,000 - $357,000

    $1,337/mo

    Zestimate® history
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    Rent Zestimate®

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    What's special

    The first showing of this property is Monday July 14, 2025. No early birds please! Property is posted with "No Trespassing" signs. I have had several people come on the property since I listed this a couple of days ago and have been trying to access by crossing over both of the fences and have used my ladder to look in the windows. "peeping toms". This is wrong and do not do it. I would like to have my privacy. Yesterday I installed 5 motion detected game cameras and will decide what to do with the footage if this happens again. If you can't wait until show date take me off your list. Good Morning, For sale is a house that I purchased a long time ago in 2007. It was in fair condition in 2007 and my plan was to repair and rehab. I never did the work and it is still ready to be fixed up and rented out or to be owner occupied. It is a large 3 unit rental house on Market Street in downtown Salem, NJ. Originally a single family. For decades it has been a 3 units. It has three separate electrical meters. The house needs to be completely renovated and would be a great tax credit project. Presently property should be renovated. It may need wiring, plumbing for 3 of the bathrooms. kitchens, a roof and what ever else you may want to update. Foundation and floors are level and overall has good bones. Price is firm. I will be having an open house on July 14, 2025 at 1:00 P.M. to 4:00 P.M. If you like to make an appointment please contact me. Must have appointment time and only one person will be allowed per appointment time. Also please bring your proof of funds by presenting an official cashiers check. No check means no entry. You may offer more if you would like. I will have a deed in my name at showing and can transfer after inspection.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Features
    • Flooring: Softwood
    • Basement: Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 3,246 sqft

    Property

    Parking
    • Parking features: On-street
    Features
    • Exterior features: Wood
    • Has view: Yes
    • View description: None
    Lot
    • Size: 8,502 sqft
    Details
    • Parcel number: 1300016000000018

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Built-up
    Condition
    • Year built: 1839

    Community & neighborhood

    Location
    • Region: Salem

    Price history

    DateEventPrice
    8/13/2025Sold$60,000+0%$18/sqft
    Source: Public Record Report a problem
    6/25/2025Price change$59,999-62.5%$18/sqft
    Source: Owner Report a problem
    6/23/2025Listed for sale$159,999+113.3%$49/sqft
    Source: Owner Report a problem
    1/6/2021Listing removed--
    Source: Owner Report a problem
    9/2/2020Listed for sale$75,000+188.5%$23/sqft
    Source: Owner Report a problem
    11/5/2016Listing removed$26,000$8/sqft
    Source: Owner Report a problem
    8/7/2016Listed for sale$26,000-20%$8/sqft
    Source: Owner Report a problem
    6/22/2007Sold$32,500$10/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,743 $21,200
    2024$1,743 +4.6%$21,200
    2023$1,667 +8.3%$21,200
    2022$1,539 +2.1%$21,200
    2021$1,508 +0.6%$21,200
    2020$1,499 +287.6%$21,200
    2019$387 $21,200
    2018$387 -52.6%$21,200
    2017$816 -34.7%$21,200 -34.4%
    2016$1,249 +0.5%$32,300
    2015$1,242 +0.6%$32,300
    2014$1,235 +3.7%$32,300
    2012$1,191 +2.7%$32,300
    2011$1,160 +2.5%$32,300
    2010$1,132 +5%$32,300
    2009$1,079 $32,300
    2008-- $32,300 -65.9%
    2007-- $94,800 +25.1%
    2006-- $75,800
    2005-- $75,800
    2004-- $75,800
    2003-- $75,800
    2002-- $75,800
    2001-- $75,800

    Find assessor info on the county website

    Neighborhood: 08079

    Nearby schools

    GreatSchools rating
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