196 E Broadway
Salem, NJ 08079
- – beds
- 1 bath
- 8,770 sqft
- 4,587 sqft lot
- $68 per sqft
- 1940 build
Mixed-Use Investment Opportunity 6 residential units 2 commercial **MOTIVATED SELLER **. 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.
Last checked:
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Last updated Mar 20, 2025
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MLS# NJSA2014196 —
The Building
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Year Built:1940
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Year Built Source:Estimated
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New Construction:No
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Construction Materials:Brick
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Structure Type:Other
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Architectural Style:Other
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Levels:2
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Accessibility Features:2+ Access Exits
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Basement:No
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Total SqFt Source:Estimated
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Above Grade Finished Area Units:Square Feet
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Above Grade Finished SqFt:8770
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Above Grade Finished SqFt Source:Estimated
Interior
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:8770
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Living Area SqFt:8,770 Sqft
Financial & Terms
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Sale Type:Standard
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Possession:31-60 Days CD
Location
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Directions:196 e broadway salem nj
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Latitude:39.57165000
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Longitude:-75.46571000
The Property
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Property Type:Residential
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Lot Size Units:Square Feet
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Lot Size Acres:0.11
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Lot Size Source:Estimated
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Lot Size Dimensions:35.00 x 131.00
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Lot Dimensions Source:Estimated
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Lot SqFt:4,587 Sqft
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Zoning:MIXED
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Other Structures:Above Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (856) 466-1388
- Office phone:
- (856) 685-5600
Taxes
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Tax ID Number:13-00027-00013
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Tax Year:2023
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Tax Lot:00013
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Tax Annual Amount:$13,741
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Tax Assessed Value:$174,800
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Year Assessed:2023
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Total Taxes Payment Frequency:Annually
Baths
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Total Baths:1
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Full Baths:1
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Main Level Baths:1.00
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Main Level Full Baths:1
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Baseboard - Electric
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Heating Fuel:Electric
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Electric
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Water Source:Public
Schools
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School District Name:Salem City Schools
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School District Source:Listing Agent
The Community
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Subdivision Name:None Available
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Senior Community:No
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Pool:No Pool
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Association Recreation Fee:No
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HOA:No
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Condo/Coop Association:No
Parking
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Garage:No
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Type of Parking:On Street, Other
Extra Units
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Vacation Rental:No
Monthly cost estimate

Asking price
$600,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,212
|
Taxes | $1,145 |
Insurance | $165 |
Utilities | $488 See report |
Total | $5,010/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/20/25
Mar 20, 2025
|
Price Changed | BRIGHT | $600,000 | |
3/18/25
Mar 18, 2025
|
Pending | BRIGHT | $600 |