$238,000
SOLD FEB 17, 2026

385 387 E Broadway Salem, NJ 08079

Studio
-- Bath
3,126 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$76 Per Sq Ft

6% Above List Price

106 Days on Market

Highlights

  • Colonial Architecture
  • Porch
  • Back Yard
  • Backs to Trees or Woods
  • Forced Air Heating System

About This Home

As of February 2026

Investor Alert – Turnkey Duplex with Paying Tenants Excellent opportunity to own a fully occupied, side-by-side duplex generating consistent rental income. This well-maintained property is perfect for seasoned investors or owner-occupants looking to offset their mortgage with rental income.
Property Highlights: Unit 385(Right Side) Not pictured inside: $1,450/month 3 Bedrooms | 1 Bathroom | Large Great Room | Dining Room | Eat-in Kitchen | Basement Storage Unit 387 (Left Side) Pictured: $1,300/month 2 Bedrooms | 1 Bathroom | Large Great Room | Den | Eat-in Kitchen | Basement + 2 Attic Storage Areas Driveway with Rear Parking + Street Parking Both Units Rented to Cash-Paying Tenants
Recent Improvements: Newer Furnaces in both units Newer Carpets & Fresh Paint throughout Newer Roof – major systems updated and ready for long-term holding
Tenants are in place and pay on time
Property is being sold as-is
Ideal for investors or owner-occupants
Strong cash flow from Day 1 Don’t miss this rare opportunity to own a solid, income-producing asset in turnkey condition. Schedule your showing today! Being sold AS-IS, Where IS

Last Agent to Sell the Property

Christine Boysen

(856) 206-0413 john.zeigler@vylla.com Vylla Home Brokerage Phone: 8562060413 License #2076943 Listed on: 09/08/2025

Vylla Home

Last Buyer's Agent

Joanna Fitzpatrick

(856) 363-3000 hakankarahan@hakankarahan.com HomeSmart First Advantage Realty License #2220570

HomeSmart First Advantage Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,508

Year Built

  • Built in 1870

Lot Details

  • 9,692 Sq Ft Lot
  • Lot Dimensions are 51.00 x 190.00
  • Backs To Open Common Area
  • Backs to Trees or Woods
  • Back Yard

Home Design

  • 3,126 Sq Ft Home
  • Duplex
  • Colonial Architecture
  • Brick Foundation
  • Vinyl Siding

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Gravel Driveway
  • Parking Lot

Outdoor Features

  • Porch

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Cable TV Available

Community Details

  • 2-Story Building

Listing and Financial Details

  • Tax Lot 00003
  • Assessor Parcel Number 13-00071-00003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,508

Year Built

Built in 1870

Lot Details

9,692 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1870
  • Automatically Close On Close Date: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Total Sq Ft: 3126
  • Living Area Sq Ft: 3126
  • Price Per Sq Ft: 71.98
  • Above Grade Finished Sq Ft: 3126
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Crushed Stone
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway, Parking Lot
  • Parking Lot Number Of Spaces: 4

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available, Electric Available, Cable Tv Available
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Features: Backs - Open Common Area, Backs To Trees, Rear Yard
  • Lot Size Acres: 0.22
  • Lot Dimensions: 51.00 x 190.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9692.00
  • Outdoor Living Structures: Porch(es)
  • Zoning: RESIDENTIAL

Rental Info

  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5508.00
  • Assessor Parcel Number: 13-00071-00003
  • Tax Lot: 00003
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: SALEM CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2022
Closed on
Mar 2, 2023
Sold by
G Saywer Llc
Bought by
Vitale Paul D
Seller's Agent
Omar Din
Prime Realty Partners
Buyer's Agent
Christine Boysen
Vylla Home
List Price
$155,000
Sold Price
$150,000
Premium/Discount to List
-$5,000
-3.23%
Views
18

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.53%
Original Mortgage
$147,283
Outstanding Balance
$142,510
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$44,960

Purchase Details

Closed on
Sep 22, 2021
Sold by
Mitchell Lydell D
Bought by
G Sawyer Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,878
Interest Rate
9.5%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $150,000 Commonwealth Title
Deed $150,000 Commonwealth Title
Deed $26,000 Shore Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $147,283 New Conventional
Closed $147,283 New Conventional
Previous Owner $111,878 Stand Alone First
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/17/2026 02/17/26 Sold $238,000 +5.8% $76 / Sq Ft
12/23/2025 12/23/25 Pending -- -- --
09/08/2025 09/08/25 For Sale $225,000 +50.0% $72 / Sq Ft
02/28/2023 02/28/23 Sold $150,000 -3.2% $48 / Sq Ft View Prior Sale
09/09/2022 09/09/22 Pending -- -- --
08/17/2022 08/17/22 For Sale $155,000 0.0% $50 / Sq Ft
06/20/2022 06/20/22 Pending -- -- --
06/07/2022 06/07/22 Price Changed $155,000 -3.1% $50 / Sq Ft
04/21/2022 04/21/22 For Sale $160,000 -- $51 / Sq Ft
Source: Bright MLS

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 $5,509 $67,000 $7,700 $59,300
2024 $5,267 $67,000 $7,700 $59,300
2023 $5,267 $67,000 $7,700 $59,300
2022 $5,036 $67,000 $7,700 $59,300
2021 $4,863 $67,000 $7,700 $59,300
2020 $4,765 $67,000 $7,700 $59,300
2019 $4,736 $67,000 $7,700 $59,300
2018 $4,632 $67,000 $7,700 $59,300
2017 $4,576 $67,000 $7,700 $59,300
2016 $2,984 $76,200 $17,600 $58,600
2015 $2,946 $76,200 $17,600 $58,600
2014 $3,911 $101,700 $17,600 $84,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJSA2016172

Bright MLS

APN: 13-00071-0000-00003

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