Three-Unit Multifamily
For Sale
$225,000
59 MARKET STREET, Salem, NJ 08079
Unit mix includes two one-bedroom residences and one three-bedroom residence with separate electric metering.
Property Size3,437 SF
Days on Market366
Property Features for 59 MARKET STREET
General Information
Standard status
Active
Size
3,437 SF
Property subtype
Triplex
Units
Unit Mix
2 x 1BR/1BA, 1 x 3BR/1.5BA
Multifamily Units
3
Amenities
Window Unit(s)
Radiator
Shingle
Building Details
Building Size
3,437 SF
Year Built
1820
Tenancy
Multi
Listing Agency:
Washington Township
Listed By:
Richard Eber · License #NJ
(856) 430-1320
Source:
Kw
Added: Oct 10, 2025
Changed: Oct 10
Last Checked: Oct 9 at 6:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Washington Township
Investment Insights
Based on property information with market context.
This 3,437 SF triplex in Salem contains three residential units. Two apartments each offer one bedroom and one bathroom, while the third provides three bedrooms, one full bathroom, and one half bathroom. The property’s configuration offers a clearly defined mix across the building.
Long-term tenants occupy the units, and residents pay their own electric costs through separate meters. Certificates of occupancy are in place, and lead-based paint inspections are current. Showing requests require ample notice for the tenants. Prospective buyers must provide proof of funds or an updated mortgage approval letter before a showing can be approved.
Long-term tenants occupy the units, and residents pay their own electric costs through separate meters. Certificates of occupancy are in place, and lead-based paint inspections are current. Showing requests require ample notice for the tenants. Prospective buyers must provide proof of funds or an updated mortgage approval letter before a showing can be approved.
Key Highlights
- 3,437 SF triplex with three residential units
- Two 1‑bedroom, 1‑bathroom units
- One 3‑bedroom unit with 1 full bathroom and 1 half bathroom
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Unit mix includes two one-bedroom residences and one three-bedroom residence with separate electric metering.
Where is this triplex located?
The property is located at 59 MARKET STREET Salem, NJ.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 3,437 SF triplex with three residential units; Two 1‑bedroom, 1‑bathroom units; One 3‑bedroom unit with 1 full bathroom and 1 half bathroom
