For sale

$225,000

59 Market St, Salem, NJ 08079

5beds

--baths

3,437sqft

$1,825/mo

Get pre-qualified

Triplex

Built in 1820

-- sqft lot

$-- Zestimate^®

$65/sqft

$-- HOA

What's special

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.

359 days
91
11

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

$1,291/mo

Price history

Date	Event	Price
9/30/2026	Listed for sale	$225,000$65/sqft
Source: Bright MLS #NJSA2016616 Report a problem
8/4/2026	Pending sale	$225,000$65/sqft
Source: Bright MLS #NJSA2016616 Report a problem
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	Listed for sale	$110,000-8.3%$32/sqft
Source: C-21 Hearst Realty #1000372369 Report a problem
2/22/2017	Listed for sale	$120,000-11.1%$35/sqft
Source: CENTURY 21 Hearst Realty, Inc. #6187112 Report a problem
9/24/2013	Listed for sale	$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
2026	$6,195 +4.9%	$71,800
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