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sales rep | Brivity IDX

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1 Hires Ave , Salem, NJ 08079
$195,000
Est. Payment: $1,053.00/mo
2 Bed
2400 Sqft
0.11 Acres
Status: active | Days on site: 18
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GPIN02 - 3198062
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House Description

Exceptional opportunity to acquire 1-3 Hires Ave, offering multiple income-producing commercial and residential spaces in the heart of Salem's established downtown business district. Unlock the potential of this well-maintained brick multi-unit property offering both residential income and commercial flexibility. Perfect for investors and business owners, this property features two distinct units designed to maximize opportunity. The second-floor residential unit offers a comfortable 2-bedroom layout that is filled with charm and on the lower level, the commercial space is ready for your vision but is currently being utilized as a bakery. Whether you're looking to expand your investment portfolio or establish your business while collecting rental income, this property delivers flexibility, functionality, and strong potential in a convenient Carneys Point location. Endless possibilities await—don’t miss this unique mixed-use opportunity!

Highlights

Listed by Vincent Grova , 6092214524 Pino Agency , 8566784663. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.11

Year Built

1900

County

Salem

Area

Salem City (21713)

School District

Salem City Schools

Listing ID

NJSA2020424

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
Air Cond:Attic Fan,Window Unit(s)
Fireplaces:
Above Ground Sq Ft:2400
Basement:Full
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Zoning:COMMERCIAL
Sewer:Public Sewer
Parking Features:Driveway
Principal Interest
$1,053
Taxes
$568

Home Price

$195,000

Loan Details

30 yrs
7.144%

Down Payment

20%
$39,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,053.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,053.00 $568.00 $0.00 $1,621.00
Yearly $12,636.03 $6,816.00 $0.00 $19,452.03
Total $379,080.80 $204,480.00 $0.00 $583,560.80
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Salem, NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T21:11:33.000Z

© 2026 Bright MLS