$600,000

196 198 E Broadway Salem, NJ 08079

Salem Neighborhood

Estimated payment $4,408/month

Total Views 9,521
-- Bed
1 Bath
8,770 Sq Ft
$68 Price per Sq Ft

Highlights

  • No HOA
  • More Than Two Accessible Exits
  • Electric Baseboard Heater

About This Home

Mixed-Use Investment Opportunity 6 residential units 2 commercial **MOTIVATED SELLER **. MUST HAVE MIXED USE PRE APPROVAL WITH OFFER 196-198 E. Broadway, Salem, New Jersey*Six spacious residential apartments ( Rents below market)*Two large commercial stores on the ground floorWelcome to 196-198 E. Broadway, Salem, New Jersey – a prime investment opportunity! This mixed-use property boasts approximately 8,870 square feet, featuring six residential apartments and two large commercial stores on the ground floor. Situated in the heart of Salem City, this property offers the perfect blend of residential comfort and commercial potential.The residential units are spacious, providing comfortable living spaces, while the commercial stores offer a great opportunity for retail businesses, offices, or service providers. The property's central location ensures easy access to everything, making it a highly attractive option for both tenants and business owners.This property is ideal for investors looking to expand their portfolio with a mixed-use building that promises steady rental income from both residential and commercial tenants. Its prime location and versatile use make it a valuable asset in the real estate market. Don't miss out on this fantastic investment opportunity in Salem City, New Jersey.

Listing Agent

Jennifer Derevlany

Coldwell Banker Realty Listed on: 03/18/2025

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,741

Year Built

  • Built in 1940

Lot Details

  • 4,587 Sq Ft Lot
  • Lot Dimensions are 35.00 x 131.00
  • Property is zoned MIXED

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1 Full Bathroom
  • 8,770 Sq Ft Home
  • Property has 2 Levels

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00013
  • Assessor Parcel Number 13-00027-00013

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,741

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Year Built: 1940
  • Remarks Public: Mixed-Use Investment Opportunity 6 residential units 2 commercial **MOTIVATED SELLER **. MUST HAVE MIXED USE PRE APPROVAL WITH OFFER 196-198 E. Broadway, Salem, New Jersey *Six spacious residential apartments ( Rents below market) *Two large commercial stores on the ground floor Welcome to 196-198 E. Broadway, Salem, New Jersey – a prime investment opportunity! This mixed-use property boasts approximately 8,870 square feet, featuring six residential apartments and two large commercial stores on the ground floor. Situated in the heart of Salem City, this property offers the perfect blend of residential comfort and commercial potential. The residential units are spacious, providing comfortable living spaces, while the commercial stores offer a great opportunity for retail businesses, offices, or service providers. The property's central location ensures easy access to everything, making it a highly attractive option for both tenants and business owners. This property is ideal for investors looking to expand their portfolio with a mixed-use building that promises steady rental income from both residential and commercial tenants. Its prime location and versatile use make it a valuable asset in the real estate market. Don't miss out on this fantastic investment opportunity in Salem City, New Jersey.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 8770
  • Living Area Sq Ft: 8770
  • Price Per Sq Ft: 68.42
  • Above Grade Finished Sq Ft: 8770
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 196

Beds/Baths

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: SALEM CITY SCHOOLS
  • School District Key: 300200396391
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.11
  • Lot Dimensions: 35.00 x 131.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4587.00
  • Year Assessed: 2023
  • Zoning: MIXED

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 13741.00
  • Assessor Parcel Number: 13-00027-00013
  • Tax Lot: 00013
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

  • School District Name: SALEM CITY SCHOOLS

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2025 04/27/25 For Sale $600,000 0.0% $68 / Sq Ft
03/20/2025 03/20/25 Price Changed $600,000 +99900.0% $68 / Sq Ft
03/18/2025 03/18/25 For Sale $600 -- $0 / Sq Ft
03/04/2025 03/04/25 Pending -- -- --
Source: Bright MLS

Source: Bright MLS

MLS Number: NJSA2014196

Bright MLS
New Jersey Salem County Salem 08079 Salem

196 198 E Broadway, Salem, NJ

This home is located at 196 198 E Broadway, Salem, NJ 08079 and is currently priced at $600,000, approximately $68 per square foot. This property was built in 1940. 196 198 E Broadway is a home located in Salem County with nearby schools including John Fenwick Elementary School, Salem Middle School, and Salem High School.

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Jennifer Derevlany
Listing Agent
Jennifer Derevlany
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Coldwell Banker Realty
(856) 502-0953