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.
For sale
$225,000
59 Market St, Salem, NJ 08079
5beds
--baths
3,437sqft
Triplex
Built in 1820
-- sqft lot
$-- Zestimate®
$65/sqft
$-- HOA
What's special
- 267 days |
- 417 |
- 29 |
Zillow last checked:
Listing updated:
Listed by:
Rick Eber 856-430-1320,
Keller Williams Hometown
Source: Bright MLS,MLS#: NJSA2016616
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
Basement
- Area: 0
Heating
- Radiator, Oil
Cooling
- Window Unit(s), Electric
Appliances
- Included: Electric Water Heater
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 3,437
- Total interior livable area: 3,437 sqft
Property
Parking
- Total spaces: 3
- Parking features: Driveway, On Street
- Uncovered spaces: 3
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 0.28 Acres
- Dimensions: 54.00 x 222.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 130000600017
- Zoning: RES
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Triplex
Materials
- Frame
- Foundation: Brick/Mortar
- Roof: Shingle
Condition
- New construction: No
- Year built: 1820
Utilities & green energy
- Sewer: Public Sewer
- Water: Private
Community & HOA
Location
- Region: Salem
- Municipality: SALEM CITY
Financial & listing details
- Price per square foot: $65/sqft
- Tax assessed value: $71,800
- Annual tax amount: $5,903
- Date on market: 10/10/2025
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
- Total actual rent: 35400
Estimated market value
Not available
Estimated sales range
Not available
$1,364/mo
Price history
| Date | Event | Price |
|---|---|---|
| 1/13/2026 | Price change | $225,000-10%$65/sqft |
Source:  Bright MLS #NJSA2016616 Report a problem | ||
| 10/10/2025 | Listed for sale | $250,000+127.3%$73/sqft |
Source: Bright MLS #NJSA2016616 Report a problem | ||
| 6/1/2019 | Listing removed | $110,000$32/sqft |
Source: CENTURY 21 Hearst Realty, Inc. #1000372369 Report a problem | ||
| 1/29/2019 | Price change | $110,000-8.3%$32/sqft |
Source: C-21 Hearst Realty #1000372369 Report a problem | ||
| 2/22/2017 | Price change | $120,000-11.1%$35/sqft |
Source: CENTURY 21 Hearst Realty, Inc. #6187112 Report a problem | ||
| 9/24/2013 | Price change | $135,000-15.4%$39/sqft |
Source: CENTURY 21 Hearst Realty, Inc. #6187112 Report a problem | ||
| 3/20/2013 | Listed for sale | $159,500-20.2%$46/sqft |
Source: Century 21 Hearst Realty, Inc. #6187112 Report a problem | ||
| 7/21/2008 | Listing removed | $199,900$58/sqft |
Source: NCI Report a problem | ||
| 1/31/2008 | Listed for sale | $199,900$58/sqft |
Source: NCI Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,903 | $71,800 |
| 2024 | $5,903 +4.6% | $71,800 |
| 2023 | $5,644 +8.3% | $71,800 |
| 2022 | $5,211 +2.1% | $71,800 |
| 2021 | $5,106 +0.6% | $71,800 |
| 2020 | $5,076 +34.9% | $71,800 |
| 2019 | $3,762 | $71,800 |
| 2018 | $3,762 -23.3% | $71,800 |
| 2017 | $4,904 -15.4% | $71,800 -52.1% |
| 2016 | $5,799 -20.5% | $150,000 |
| 2015 | $7,296 +0.6% | $150,000 -20.9% |
| 2014 | $7,252 +3.7% | $189,700 |
| 2012 | $6,996 +2.7% | $189,700 |
| 2011 | $6,814 +2.5% | $189,700 |
| 2010 | $6,651 +5% | $189,700 |
| 2009 | $6,334 | $189,700 |
| 2008 | -- | $189,700 |
| 2007 | -- | $189,700 +93.2% |
| 2006 | -- | $98,200 |
| 2005 | -- | $98,200 |
| 2004 | -- | $98,200 |
| 2003 | -- | $98,200 |
| 2002 | -- | $98,200 |
| 2001 | -- | $98,200 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 08079
Nearby schools
GreatSchools rating
- 3/10Salem Middle SchoolGrades: 3-8Distance: 0.4 mi
- 5/10Salem High SchoolGrades: 9-12Distance: 1.2 mi
- NAJohn Fenwick Elementary SchoolGrades: PK-2Distance: 0.6 mi
Schools provided by the listing agent
- District: Salem City Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- New Jersey
- Salem County
- Salem
- 08079
- 59 Market St
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