Address
196-198 E Broadway, Salem, NJ
Price
$ 598,000
Property Attributes
- MLS#NJSA2014196
- TypeSingle Family
- Listing Status ACTIVE
- CountySALEM
- CitySalem
- AreaSalem City
- Zip08079
- Style
- Year Built1940
- Taxes$ 13741
- Price$ 598,000
- Bedrooms0
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage8770
- Lot Size0.11 Acres
Data Source:
Bright MLS
Property Description
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.
| Price History | |
|---|---|
| 1/18/2026 | Listed $599,000 |
| 2/10/2026 | 17$499,000 |
General Features
| Living Area | 8770 |
|---|---|
| Sewer | Public Sewer |
| Heating | Baseboard - Electric |
| Cooling | None |
| Possession | 31-60 Days CD |
| Zoning | MIXED |
| Architectural Style | Other |
| Construction Materials | Brick |
| School District | SALEM CITY SCHOOLS |
| Year Built | 1940 |
| Levels | 2 |
| Tax Year | 2023 |
| Ownership | Fee Simple |
| Cool Fuel | Electric |
| Accessibility | 2+ Access Exits |
| County | SALEM |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | NONE AVAILABLE |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade |
| Full Baths | 1 |
| Status | ACTIVE |
| Directions | 196 e broadway salem nj |
| City | SALEM |
| Senior Community Y/N | No |
| MLS Area | Salem City (21713) |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 4587.00 |
| Tax Assessed Value | 174800.0 |
| Tax Annual Amount | 13741.0 |
| Structure Type | Other |
| Condo/Coop Association fee Y/N | No |
| Bathrooms Full Main Level | 1 |
| Bathrooms Count Main Level | 1.00 |
| Price Per Sq Ft Total AG | 68.19 |
| Vacation Rental Y/N | No |
| Total SQFT | 8770 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 00013 |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Hot Water | Electric |
| Basement (Y/N) | No |
| Heating Y/N | Yes |
| Above Grade Finished Area | 8770 |
| Central Air Y/N | No |
| LivingAreaSource | Estimated |
| Above Grade Finished Area Source | Estimated |
| Above Grade Finished Area Unit Type | Square Feet |
| Total Baths | 1 |
Exterior Features
| Pool | No Pool |
|---|---|
| Water Source | Public |
| Type of Parking | On Street,Other |
| Water View Y/N | No |
| Lot Dimensions | 35.00 x 131.00 |
| Lot Size Acres | 0.11 |
| Lot Size Source | Estimated |
| Waterfront Y/N | No |
| Land Assessed Value | 21000.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Estimated |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 08079
Price
Taxes
Year Built
Visits
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All MLS listings are © 2026 Central Virginia Regional Multiple Listing Service, LLC. All
Charlottesville Area Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
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