Attention investors and savvy buyers. This property is zoned mixed use and is available for office/residential under one deed and tax bill. This well maintained pair of Federal Townhouses sit side by side and offers Historic living while collecting rent. For the investor, rent both units with an estimated $24,000 + annual income potential. This duplex property is situated on the red brick sidewalks along Market Street's Historic District in Salem City. This offers residential living or professional office space with the extra benefit of additional income.One side is vacant and the other is occupied with month to month lease, giving the the perfect opportunity for immediate rental income. Experience daily the True Feel of Colonial living accentuated by the authentic era finished hardwood flooring, light fixtures and fireplaces throughout the residence, is now as it was then. The property offers a large rear lot with access from a side street. Current Tenant terms represent a controlling choice to the buyer. This is a great opportunity to make this piece of history your own.There are 3 tenants that are all current on they're rent.
Sold for $207,000 on 07/15/25
$207,000
37-39 Market St, Salem, NJ 08079
12beds
5,028sqft
SingleFamily
Built in 1860
9,147 Square Feet Lot
$327,400 Zestimate®
$41/sqft
$1,931 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Baseboard, Other, Gas
Cooling
- None
Appliances
- Included: Range / Oven
Features
- Flooring: Hardwood
Interior area
- Total interior livable area: 5,028 sqft
Property
Lot
- Size: 9,147 sqft
Details
- Parcel number: 1300006000000003
Construction
Type & style
- Home type: SingleFamily
Materials
- Roof: Other
Condition
- Year built: 1860
Community & neighborhood
Location
- Region: Salem
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$327,400
2% more+$6,548
With Zillow Showcase(estimated)$333,948