196 E Broadway Salem, NJ $ 499,000
196 E Broadway
$ 499,000
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196 E Broadway

Salem, NJ, 08079
$ 499,000
Baths1.0 Sq 8,770

Monthly Estimate*

$ 3,072

196 E Broadway, Salem, NJ 08079 - Image 1
196 E Broadway, Salem, NJ 08079 - Image 2
196 E Broadway, Salem, NJ 08079 - Image 3
196 E Broadway, Salem, NJ 08079 - Image 4
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196 E Broadway, Salem, NJ 08079 - Image 7
196 E Broadway, Salem, NJ 08079 - Image 8
Studio

Single Family Home for sale in Salem, NJ

for $499,000 with 1 full bath. This 8,770 square foot home was built in 1940 on a lot size of 0.11.

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.

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Single Family Active

Price

$ 499,000

Bedrooms

Studio

Full Bath

1

Property Type

Single Family

Taxes

$ 13,741

Style

Lot Size

0.11

Year Built

1940

Town/City

Salem

County/Region

Salem

MLS | Web ID

NJSA2014196

Features
General
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
Municipality SALEM CITY
Accessibility 2+ Access Exits
County SALEM
New Construction N
Property Type Residential
HOA N
Subdivision Name NONE AVAILABLE
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade
Full Baths 1
Status ACTIVE
Directions 196 e broadway salem nj
City SALEM
Senior Community Y/N N
MLS Area Salem City (21713)
Lot Size Units Square Feet
Lot Size Square Feet 4587.00
Tax Annual Amount 13741.0
Structure Type Other
Condo/Coop Association fee Y/N N
Bathrooms Full Main Level 1
Bathrooms Count Main Level 1.00
Price Per Sq Ft Total AG 56.9
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
Tax Lot 00013
Association Recreation Fee N
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Interior
Heating Fuel Electric
Hot Water Electric
Basement (Y/N) N
Heating Y/N Y
Above Grade Finished Area 8770
Central Air Y/N N
Total Bedrooms 0
Main Level Bedrooms 0
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet
Total Baths 1
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Exterior
Pool No Pool
Water Source Public
Type of Parking On Street Other
Water View Y/N N
Lot Dimensions 35.00 x 131.00
Lot Size Acres 0.11
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 21000.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 196
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* Excluded Features
List By
Coldwell Banker Realty

Broker

jderevlany@icloud.com

Email

Affordability Calculator

$4,218
Per Month
73%
27%
0%
Monthly Principal & Interest
$3,072
Monthly Property Taxes
$1,145
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3535135 Elementary School
3536320 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/10/2026$499,000 -16.69% Price Down
1/18/2026$599,000 Listed Price

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196 E Broadway, Salem, NJ, 08079 is a Single Family Home for sale at $499,000 with 8,770 sqft and a lot size of 0.11. 196 E Broadway is a studio with 1.0 baths and was built in 1940. The property's zip code is 08079 which is in Salem, NJ