52 Market Street, Salem, NJ 08079

Property Description

Don’t miss out on this rare opportunity to restore a true turn-of-the-century gem! This potentially seven-bedroom, 2.5-bath, circa-1900 Colonial is located in the historic town of Salem, NJ—surrounded by some of the area’s most beautiful and significant period homes. With over a century of character and architectural detail, this property offers incredible potential to bring it back to its original grandeur. The home requires renovations and is being sold strictly as-is. The seller has priced it accordingly and will make no repairs. As you arrive, the brick front sidewalk guides you to the covered front porch, showcasing original architectural woodwork—truly a beautiful, inviting space perfect for your morning coffee. Imagine how this magnificent home once stood among the grand historic residences lining the street. Step through the front doors into a dramatic entry foyer featuring 10-foot ceilings, inlaid hardwood floors, stunning original staircase and railing leading to the 2nd and 3rd floors, original trim work throughout, transom window above the double doors opening into the living room and a convenient powder room. The living room continues the rich historical detailing with Inlaid hardwood floors, 10-foot ceilings, original crown molding, a beautiful ceiling medallion, and French door access to the main hallway with a bay window bump-out. The first floor also includes a first-floor bedroom with inlaid hardwood flooring, huge hallway walk-in closet, home office featuring a brick fireplace, spacious family room and kitchen with oak-front cabinetry. The second level offers three very large bedrooms, two full baths, second kitchen with a private rear staircase. The home was previously used as an approved duplex, creating potential for multi-generational living, investment, or a single grand residence. Accessible by both the main staircase and a rear interior staircase, the third floor includes three additional potential bedrooms, perfect for expanding living space, guest rooms, studio areas, or storage. A unique bonus is the basement with brick flooring, housing the gas hot water heating boiler, hot water heater, electrical panel and walk-out access to the rear yard. The property sits on a deep 331-foot lot, offering tremendous possibilities for gardens, outdoor living spaces, or future improvements. Located among Salem’s most architecturally impressive homes and conveniently close to Route 45, Route 49, Route 40, Easy access to Route 55 & Route 295, 40 minutes to Philadelphia, 20 minutes to Delaware and 60 minutes to the Jersey Shore. With vision and craftsmanship, this diamond in the rough could be transformed into a show-stopping historical masterpiece. Hurry—opportunities like this in historic Salem do not last long!