196-198 E Broadway, Salem, NJ 08079

Salem
Local realty services provided by:Better Homes and Gardens Real Estate Valley Partners
196-198 E Broadway,Salem, NJ 08079
$499,000
  • - Beds
  • 1 Baths
  • 8,770 sq. ft.
  • Single family
  • Active
Listed by: jennifer derevlany
Office: coldwell banker realty
MLS#:NJSA2014196
Source:BRIGHTMLS

Price summary

  • Price:$499,000
  • Price per sq. ft.:$56.9

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...

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Home facts

  • Year built:1940
  • Listing ID #:NJSA2014196
  • Added:400 day(s) ago
  • Updated:April 24, 2026 at 01:42 PM

Rooms and interior

  • Total bathrooms:1
  • Full bathrooms:1
  • Living area:8,770 sq. ft.

Heating and cooling

  • Heating:Baseboard - Electric, Electric

Structure and exterior

  • Year built:1940
  • Building area:8,770 sq. ft.
  • Lot area:0.11 Acres
  • Construction Materials:Brick
  • Levels:2 Stories

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$499,000
  • Price per sq. ft.:$56.9
  • Tax amount:$13,741 (2023)

Parking

  • Parking description:On Street

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