50 Market Street Salem, NJ $ 260,000
50 Market Street
$ 260,000
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50 Market Street

Salem, NJ, 08079
$ 260,000
Bedrooms5 Baths2.1 Sq 3,828

Monthly Estimate*

$ 1,642

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Single Family Home for sale in Salem, NJ

for $260,000 with 5 bedrooms and 2 full baths, 1 half bath. This 3,828 square foot home was built in 1870 on a lot size of 0.37.

A rare opportunity to own one of Salem City's architectural treasures, the Thomas Thompson House, originally built in 1816, completed in 1870, and proudly contributing to the renowned Salem Historic District. Rich in history and timeless character, this remarkable three-story residence seamlessly blends over two centuries of craftsmanship with the comforts of modern living. According to the Market Street Historic District nomination, the home was built by Thomas Thompson for his daughter, Jane Smith, making it an enduring piece of Salem's story. Inside, you'll discover five spacious bedrooms, 2.5 updated baths, and warm original hardwood floors that flow throughout the home. Stunning original pocket doors, beautiful millwork, and period details create an atmosphere that simply cannot be recreated. The inviting floor plan offers multiple gathering spaces, including a cozy sitting room perfect for reading, relaxing, or enjoying a quiet evening at home. The country-style eat-in kitchen is designed for everyday living, while thoughtful updatesincluding upper-floor laundry, modern electrical service, and an updated boilerprovide the convenience today's homeowners expect. The dry, unfinished basement offers generous storage space, and the rare addition of off-street parking adds everyday practicality to this historic residence. Move-in ready and meticulously maintained, the Thomas Thompson House offers the best of both worlds: the charm, elegance, and craftsmanship of the early 19th century combined with the modern amenities that make life comfortable. This is more than a homeit's an opportunity to become the next steward of a remarkable piece of Salem City's history and continue the legacy of one of the community's most distinguished historic residences.

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Single Family Contingent

Price

$ 260,000

Bedrooms

5

Full Bath

2

Half Bath

1

Property Type

Single Family

Taxes

$ 6,307

Style

Traditional,Victorian,Colonial

Lot Size

0.37

Year Built

1870

Town/City

Salem

County/Region

Salem

MLS | Web ID

NJSA2019546

Features
General
Living Area 3828
Sewer Public Sewer
Heating Baseboard - Hot Water
Cooling Window Unit(s)
Possession Immediate
Appliances Dryer - Electric Dishwasher Built-In Range Oven - Self Cleaning Oven/Range - Gas Refrigerator Washer
Zoning RES
Architectural Style Traditional Victorian Colonial
Construction Materials Frame
School District SALEM CITY SCHOOLS
Exclusions Sellers' personal property
Year Built 1870
Levels 3
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality SALEM CITY
Accessibility None
County SALEM
New Construction N
Property Type Residential
HOA N
Subdivision Name NONE AVAILABLE
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Full Baths 2
Status ACTIVE UNDER CONTRACT
Directions GPS
City SALEM
Senior Community Y/N N
MLS Area Salem City (21713)
Lot Size Units Square Feet
Lot Size Square Feet 16174.00
Tax Annual Amount 6307.0
Property Condition Very Good
Structure Type Detached
Condo/Coop Association fee Y/N N
Bathrooms Count Main Level 1.00
Price Per Sq Ft Total AG 67.92
Acceptable Financing Cash Conventional
Vacation Rental Y/N N
Standard Status Active Under Contract
Year Built Source Estimated
Tax Lot 00016
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Interior
Interior Amenities Additional Stairway Attic Bathroom - Tub Shower Built-Ins Carpet Dining Area Double/Dual Staircase Floor Plan - Traditional Formal/Separate Dining Room Kitchen - Eat-In Kitchen - Table Space
Heating Fuel Natural Gas
Basement Full Unfinished
Flooring Carpet Hardwood
Hot Water Natural Gas
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 3828
Half Baths 1
Central Air Y/N N
Total Bedrooms 5
Below Grade Finished Area 0
Room Type Living Room Dining Room Primary Bedroom Sitting Room Bedroom 2 Bedroom 3 Kitchen Laundry
Below Grade Finished Area Unit Type Square Feet
Laundry Type Dryer In Unit Upper Floor Washer In Unit
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 3
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Exterior
Pool No Pool
Parking Features Concrete Driveway
Water Source Public
Inclusions Appliances as viewed in As Is condition
Type of Parking Driveway
Foundation Details Brick/Mortar
Water View Y/N N
Lot Dimensions 48.00 x 337.00
Lot Size Acres 0.37
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 9900.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 50
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* Excluded Features
List By
Real Broker, Llc

Broker

gillianamwake@gmail.com

Email

Affordability Calculator

$2,167
Per Month
76%
24%
0%
Monthly Principal & Interest
$1,642
Monthly Property Taxes
$526
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3535135 Elementary School
4703913 Middle School
Salem H.S. High School
Pricing History
DatePricePrice ChangeDescription
7/14/2026$260,000 Listed Price

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50 Market Street, Salem, NJ, 08079 is a Single Family Home for sale at $260,000 with 3,828 sqft and a lot size of 0.37. 50 Market Street has 5 bedrooms, 2.1 baths, and was built in 1870. The property's zip code is 08079 which is in Salem, NJ