$225,000

315 317 E Broadway Salem, NJ 08079

Estimated payment $1,872/month

Studio
-- Bath
5,645 Sq Ft
$40 Price per Sq Ft

Highlights

  • 0.31 Acre Lot
  • Colonial Architecture
  • Heating Available

About This Home

All those times you talked about how if you found a deal on a multifamily you were going to take it down and become the next Monopoly Man... well here is your moment to put up or shut up. This is a steal of a deal on this 4 unit in downtown Salem City NJ. This money maker stretches over 5500+ sq ft allowing you to design the optimum floorplan to maximize your rental income. Some of the heavy lift is done as you can see from the photos making cash flow that much sooner for you. Take advantage of this opportunity and practice what you preach.

Listing Agent

David Ralic

(856) 229-7094 dr@society.live Society Brokerage Phone: 8562297094 License #340342 Listed on: 05/05/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,144

Year Built

  • Built in 1900

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Stucco

Interior Spaces

  • 5,645 Sq Ft Home
  • Basement Fills Entire Space Under The House

Additional Features

  • 13,504 Sq Ft Lot
  • Heating Available

Listing and Financial Details

  • Tax Lot 00028
  • Assessor Parcel Number 13-00065-00028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,144

Year Built

Built in 1900

Lot Details

0.31 Acres

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 5645
  • Living Area Sq Ft: 5645
  • Price Per Sq Ft: 39.86
  • Above Grade Finished Sq Ft: 5645
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Stucco
  • 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
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.31
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13504.00
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 1

Tax Info

  • Tax Annual Amount: 8144.00
  • Assessor Parcel Number: 13-00065-00028
  • Tax Lot: 00028
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

MLS Schools

  • School District Name: SALEM CITY SCHOOLS

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,762 $94,400 $9,400 $85,000
2024 $7,421 $94,400 $9,400 $85,000
2023 $7,421 $94,400 $9,400 $85,000
2022 $7,096 $94,400 $9,400 $85,000
2021 $6,848 $94,400 $9,400 $85,000
2020 $6,714 $94,400 $9,400 $85,000
2019 $6,673 $94,400 $9,400 $85,000
2018 $6,527 $94,400 $9,400 $85,000
2017 $6,448 $94,400 $9,400 $85,000
2016 $5,482 $140,000 $18,600 $121,400
2015 $5,412 $140,000 $18,600 $121,400
2014 $5,384 $140,000 $18,600 $121,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/05/2026 05/05/26 For Sale $225,000 +50.0% $40 / Sq Ft
02/26/2025 02/26/25 Sold $150,000 +11.1% $27 / Sq Ft View Prior Sale
01/22/2025 01/22/25 Pending -- -- --
01/06/2025 01/06/25 For Sale $135,000 +23.9% $24 / Sq Ft
02/28/2023 02/28/23 Sold $109,000 -0.9% $19 / Sq Ft View Prior Sale
02/13/2023 02/13/23 Pending -- -- --
01/31/2023 01/31/23 Price Changed $109,993 -15.4% $19 / Sq Ft
01/20/2023 01/20/23 For Sale $129,993 0.0% $23 / Sq Ft
11/17/2022 11/17/22 Pending -- -- --
11/07/2022 11/07/22 For Sale $129,993 -- $23 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed $150,000 None Listed On Document
Deed $150,000 None Listed On Document
Deed $109,000 --
Deed $109,000 None Listed On Document
Sheriffs Deed -- Miller Charles M
Sheriffs Deed -- Miller Charles M
Special Warranty Deed $11,011 Salem Oak Title
Sheriffs Deed -- None Available
Deed $129,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $203,000 Construction
Closed $203,000 Construction
Previous Owner $124,000 Purchase Money Mortgage
Source: Public Records

Source: Bright MLS

MLS Number: NJSA2018846

Bright MLS

APN: 13-00065-0000-00028

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