77 W Broadway Salem, NJ 08079
Salem NeighborhoodEstimated payment $1,449/month
Highlights
- 0.3 Acre Lot
- No HOA
- More Than Two Accessible Exits
- Colonial Architecture
- 1 Car Detached Garage
- Parking Storage or Cabinetry
About This Home
** Investment Opportunity – Duplex for Sale!**
**77 W Broadway, Salem, NJ 08079**
**Investors, this is the one you've been waiting for!** The only thing being required right now by the Salem Historical Society is the new shutters be installed and the seller will have that done by 7/11/25.
This **duplex** located in the heart of historic Salem, offers solid potential and key updates already in place. Unit one is a 2-bedroom, 1- 2nd-floor unit that offers 2 bedrooms and 1 bathroom, with 2 more bedrooms on the 3rd floor with a bathroom. Also reinforced the structure under the 2nd floor build-out in the dining area. Whether you want to expand your rental portfolio or flip and sell, this property provides a strong foundation.
**Recent Improvements Include:**
**New vinyl windows** throughout the property
**Third full bathroom** added on the 3rd floor – finish work needed
*Note: Due to the home’s location in Salem’s Historic District, communication with the Salem Historical Society is advised for exterior modifications and permits.*
With a bit of finishing work, this property is ready to generate income or deliver value in a growing rental market. Don't miss your chance to own a piece of Salem's charm with modern potential. Potential rent for the first floor would be between $1400-1500, and the 2nd floor, $1900 or more. The garage could be rented out or turned into a laundry.
**Schedule your showing today!**
Listing Agent
(856) 469-9200 richard@exithomepros.com Exit Homestead Realty Professi License #1644855 Listed on: 06/09/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,520
Year Built
- Built in 1840
Lot Details
- 0.3 Acre Lot
- Lot Dimensions are 55.00 x 238.00
- Property is in average condition
Parking
- 1 Car Detached Garage
- Parking Storage or Cabinetry
- Driveway
Home Design
- 2,841 Sq Ft Home
- Duplex
- Colonial Architecture
- Brick Exterior Construction
- Brick Foundation
- Plaster Walls
- Asphalt Roof
- Vinyl Siding
- Copper Plumbing
- Asphalt
Accessible Home Design
- More Than Two Accessible Exits
Utilities
- No Cooling
- Electric Baseboard Heater
- Electric Water Heater
- Municipal Trash
Listing and Financial Details
- Tax Lot 00020
- Assessor Parcel Number 13-00048-00020
Community Details
Overview
- No Home Owners Association
- 3-Story Building
Pet Policy
- No Pets Allowed
Building Details
- 2 Vacant Units
Map
Home Values in the Area
Average Home Value in this Area
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 | $6,520 | $79,300 | $9,700 | $69,600 |
| 2024 | $6,234 | $79,300 | $9,700 | $69,600 |
| 2023 | $6,234 | $79,300 | $9,700 | $69,600 |
| 2022 | $5,961 | $79,300 | $9,700 | $69,600 |
| 2021 | $5,756 | $79,300 | $9,700 | $69,600 |
| 2020 | $5,640 | $79,300 | $9,700 | $69,600 |
| 2019 | $5,606 | $79,300 | $9,700 | $69,600 |
| 2018 | $5,483 | $79,300 | $9,700 | $69,600 |
| 2017 | $5,416 | $79,300 | $9,700 | $69,600 |
| 2016 | $6,536 | $166,900 | $18,500 | $148,400 |
| 2015 | $6,452 | $166,900 | $18,500 | $148,400 |
| 2014 | $6,419 | $166,900 | $18,500 | $148,400 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2025 08/07/25 | Price Changed | $170,000 | -8.1% | $60 / Sq Ft |
| 07/02/2025 07/02/25 | Price Changed | $185,000 | -19.6% | $65 / Sq Ft |
| 06/18/2025 06/18/25 | Price Changed | $230,000 | -6.1% | $81 / Sq Ft |
| 06/09/2025 06/09/25 | For Sale | $245,000 | +81.5% | $86 / Sq Ft |
| 01/24/2025 01/24/25 | Sold | $135,000 | -10.0% | $48 / Sq Ft |
| 11/22/2024 11/22/24 | Pending | -- | -- | -- |
| 11/12/2024 11/12/24 | For Sale | $150,000 | -- | $53 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $135,000 | Salem Oak Title | |
| Deed | $135,000 | Salem Oak Title | |
| Deed | $90,000 | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $166,440 | Construction | |
| Closed | $166,440 | Construction | |
| Previous Owner | $91,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $160,000 | Unknown | |
| Previous Owner | $30,000 | Stand Alone Second | |
| Previous Owner | $153,000 | Unknown | |
| Previous Owner | $112,000 | Unknown | |
| Previous Owner | $50,000 | Unknown |
Source: Bright MLS
MLS Number: NJSA2015200
APN: 13-00048-0000-00020
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