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 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.
For sale
Price increase: $599.4K (4/27)
$600,000
196 E Broadway #198, Salem, NJ 08079
0beds
8,770sqft
Est.:
Single Family Residence
Built in 1940
4,587 Square Feet Lot
$-- Zestimate®
$68/sqft
$-- HOA
What's special
- 91 days
- on Zillow |
- 171 |
- 9 |
Zillow last checked: 7 hours ago
Listing updated: May 02, 2025 at 01:37pm
Listed by:
jennifer Derevlany 856-466-1388,
Coldwell Banker Realty
Source: Bright MLS,MLS#: NJSA2014196

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Heating
- Baseboard, Electric
Cooling
- None, Electric
Appliances
- Included: Electric Water Heater
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 8,770
- Total interior livable area: 8,770 sqft
- Finished area above ground: 8,770
Property
Parking
- Parking features: On Street, Other
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: 2+ Access Exits
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 4,587 Square Feet
- Dimensions: 35.00 x 131.00
Details
- Additional structures: Above Grade
- Parcel number: 130002700013
- Zoning: MIXED
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence
Materials
- Brick
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: None Available
HOA
- Has HOA: No
Location
- Region: Salem
- Municipality: SALEM CITY
Financial & listing details
- Price per square foot: $68/sqft
- Tax assessed value: $174,800
- Annual tax amount: $13,741
- Date on market: 5/2/2025
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
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