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    59 Market St Salem, NJ 08079

    For Sale
    $250,000

    MULTI_FAMILY - Other - SALEM, NJ

    Property size:
    3,437 SF
    Lot size:
    0.28 Acres
    Days on Market:
    44
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 59 Market St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Parking
    3
    Parking features
    On Street, Driveway
    Size
    3,437 SF
    Lot size
    0.28 Acres

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1820
    Number of units
    1
    Building materials
    Frame
    Architectural style
    Other

    Keller Williams (856) 241-4343 [email protected]

    Listing agent Richard Eber (856) 241-4343 License #449857

    Listing date Oct 24, 2025

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Salem Triplex with Long-Term Tenants

    This triplex is located in Salem, NJ. It features three units with long-term tenants. All Certificates of Occupancy are in place, and Lead-Based Paint inspections are current. Two of the units have one bedroom and one bathroom each. The third unit includes three bedrooms, one full bathroom, and one half bathroom. Each unit has a separate electric meter, with tenants responsible for their electric bills. The property lot size is 0.28 acres, and the building size is 3,437 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Baked by Bay Bakery

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Salem
    State
    New Jersey
    Longitude
    -75.46615277
    Latitude
    39.57461178

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    FAQs

    What type of property is this?
    Triplex - Triplex in Salem with long-term tenants and separate electric meters.
    Where is this triplex located?
    The property is located at 59 Market St Salem, NJ.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Tri-plex property featuring three units, great for investors.; - Long-term tenants in place, providing immediate income.; - All Certificates of Occupancy (CO's) are current.
    (856) 241-4343
    Request Owner's contact information
    59 Market St Salem, NJ 08079
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    Salem, NJ 08079
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    59 Market St Salem, NJ 08079
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