Estimated payment $3,713/month
Highlights
- No HOA
- More Than Two Accessible Exits
- Electric Baseboard Heater
- Cooling Available
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 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.
Listing Agent
(856) 685-5600 haddonfieldadmin@cbrealty.com Coldwell Banker Realty Brokerage Phone: 8566855600 Listed on: 03/18/2025
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
- Cooling Available
- 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
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/10/2026 02/10/26 | Price Changed | $499,000 | -16.7% | $57 / Sq Ft |
| 01/18/2026 01/18/26 | For Sale | $599,000 | 0.0% | $68 / Sq Ft |
| 12/24/2025 12/24/25 | Off Market | $599,000 | -- | -- |
| 09/03/2025 09/03/25 | Price Changed | $599,000 | -0.2% | $68 / Sq Ft |
| 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
MLS Number: NJSA2014196
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