315-317 E Broadway, Salem, NJ 08079

Salem
Local realty services provided by:Better Homes and Gardens Real Estate GSA Realty
315-317 E Broadway,Salem, NJ 08079
$225,000
Virtual Tour
  • 10 Beds
  • - Baths
  • 5,645 sq. ft.
  • Multi-family
  • Active
Listed by: amy marie thies
Office: real broker, llc.
MLS#:NJSA2018524
Source:BRIGHTMLS

Price summary

  • Price:$225,000
  • Price per sq. ft.:$39.86

About this home

Prime multi-family investment opportunity in the heart of Salem City! This spacious multi-unit property (4 units) offers strong income-producing potential with a total of approximately 10 bedrooms and 5 bathrooms, making it an ideal addition to any investor’s portfolio. Located on a well-traveled corridor near downtown amenities, public transportation, and major roadways, the property benefits from consistent rental demand in the area. Recent comparable multi-family sales in the neighborhood and current market trends place similar assets in the $180K–$250K range depending on condition and income potential, highlighting strong upside for renovation or stabilization strategies. With strong square footage and flexible unit configurations, there is significant potential to increase rents and overall property value with updates. Don’t miss this chance to secure a value-add multi-family in an evolving market with solid rental demand and upside potential!

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Home facts

  • Year built:1900
  • Listing ID #:NJSA2018524
  • Added:1 day(s) ago
  • Updated:April 25, 2026 at 10:19 AM

Rooms and interior

  • Bedrooms:10
  • Basement:Yes
  • Basement Description:Full
  • Living area:5,645 sq. ft.

Heating and cooling

  • Heating:Electric, Forced Air, Natural Gas

Structure and exterior

  • Year built:1900
  • Building area:5,645 sq. ft.
  • Lot area:0.31 Acres
  • Architectural Style:Colonial
  • Construction Materials:Brick, Stucco
  • Foundation Description:Brick/Mortar

Schools

  • High school:SALEM H.S.
  • Middle school:SALEM M.S.
  • Elementary school:JOHN FENWICK E.S.

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$225,000
  • Price per sq. ft.:$39.86
  • Tax amount:$8,144 (2025)

Parking

  • Parking description:On Street

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