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Two-Unit Mixed-Use Property
New
For Sale
$195,000

1-3 HIRES Avenue, Salem, NJ 08079

Multi-Family, SALEM, NJ

Property Size2,400 SF
Lot Size0.11 Acres
Price / SF$81.25
Days on Market3
Rey
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Property Features for 1-3 HIRES Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Rooms Basement
Parking features Driveway
Elementary school district SALEM CITY SCHOOLS
Middle school district SALEM CITY SCHOOLS
High school district SALEM CITY SCHOOLS
Standard status Active
Size 2,400 SF
Lot size 0.11 Acres

Taxes and HOA fees

Tax Annual Amount 6816

Utilities

Heating system Forced Air
Cooling system Window Unit(s), Attic Fan

Building Details

Year built 1900
Number of units 1
Building materials Brick
Architectural style Other
Listing Agency: Pino Agency
Listed By: Vincent Grova · License #1752643
Added: Oct 13 Last Checked: Oct 15 at 2:06PM
MLS# NJSA2020424

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 2,400-square-foot brick mixed-use building contains two units: a commercial space on the ground floor and a two-bedroom residential unit above. The commercial space is currently used as a bakery. The property was built in 1900 and includes a basement, driveway parking, forced-air heating, window-unit cooling, and an attic fan.

The site measures 0.1148 acres. The combination of commercial and residential space brings both uses together in a single building.

Key Highlights

  • 2,400‑square‑foot brick mixed‑use building
  • Two units, including a ground‑floor commercial space and an upstairs two‑bedroom residence
  • Commercial space currently used as a bakery

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Parking Lot & Garage Spa & Massage Center Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

401
Businesses Nearby
4k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 82% Home Improvements & Furnishings 18%
Family Dollar Shops & Services
3,204 visits/mo 0.1 miles
Sherwin-Williams Paint Store Home Improvements & Furnishings
692 visits/mo 0.5 miles

Demographics for 08079, NJ

10,793
Population
5,213
Households
2.1
Avg Household Size
40
Median Age
19%
College-Educated
87%
High-School Grad
88.7 sq mi
ZIP Area
122
Density / Sq Mi
$60,375
Median Household Income
$46,345
Median Earnings
$1,057
Median Rent
$180,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A ground-floor commercial space and an upstairs two-bedroom residence provide distinct uses within one brick building.
Where is this mixed-use property located?
The property is located at 1-3 HIRES Avenue Salem, NJ.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 2,400‑square‑foot brick mixed‑use building; Two units, including a ground‑floor commercial space and an upstairs two‑bedroom residence; Commercial space currently used as a bakery
More about this property
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