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For sale
  • Price increase: $599.4K (4/27)
    $600,000

    196 E Broadway #198, Salem, NJ 08079

    0beds
    8,770sqft
    : 
    Single Family Residence
    Built in 1940
    4,587 Square Feet Lot
    $-- Zestimate®
    $68/sqft
    $-- HOA

    What's special

    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.
    91 days
    on Zillow
    |
    171
    |
    9
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    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#: NJSA2014196MLS Logo
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    Next available tour time:Today at 11am

    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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