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385 E Broadway Salem, NJ $ 225,000
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$ 225,000 Get more info
385 E Broadway
$ 225,000
Back to search
Share Save

385 E Broadway

Salem, NJ, 08079
$ 225,000
Bedrooms5 Baths0.0

Monthly Estimate*

$ 1,404

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Multi-Family Home for sale in Salem, NJ

for $225,000 with 5 bedrooms. This home was built in 1870 on a lot size of 0.22.

Investor Alert Turnkey Duplex with Paying Tenants Excellent opportunity to own a fully occupied, side-by-side duplex generating consistent rental income. This well-maintained property is perfect for seasoned investors or owner-occupants looking to offset their mortgage with rental income. Property Highlights: Unit 385(Right Side) Not pictured inside: $1,450/month 3 Bedrooms | 1 Bathroom | Large Great Room | Dining Room | Eat-in Kitchen | Basement Storage Unit 387 (Left Side) Pictured: $1,300/month 2 Bedrooms | 1 Bathroom | Large Great Room | Den | Eat-in Kitchen | Basement + 2 Attic Storage Areas Driveway with Rear Parking + Street Parking Both Units Rented to Cash-Paying Tenants Recent Improvements: Newer Furnaces in both units Newer Carpets & Fresh Paint throughout Newer Roof major systems updated and ready for long-term holding Tenants are in place and pay on time Property is being sold as-is Ideal for investors or owner-occupants Strong cash flow from Day 1 Dont miss this rare opportunity to own a solid, income-producing asset in turnkey condition. Schedule your showing today! Being sold AS-IS, Where IS

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Multi-Family Active

Price

$ 225,000

Bedrooms

5

Property Type

Multi-Family

Taxes

$ 5,508

Style

Colonial

Lot Size

0.22

Year Built

1870

Town/City

Salem

County/Region

Salem

MLS | Web ID

NJSA2016172
Features
General
Living Area 3126
Sewer Public Sewer
Heating Forced Air
Cooling Window Unit(s)
Utilities Natural Gas Available Electric Available Cable TV Available
Possession Settlement
Zoning RESIDENTIAL
Patio/Porch Features Porch(es)
Architectural Style Colonial
Construction Materials Vinyl Siding
School District SALEM CITY SCHOOLS
Year Built 1870
Property Subtype Duplex
Tax Year 2024
Ownership Fee Simple
Cool Fuel None
Municipality SALEM CITY
Accessibility None
County SALEM
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions Keasbey St to Broadway
City SALEM
Number Of Units Total 1
MLS Area Salem City (21713)
Lot Size Units Square Feet
Lot Size Square Feet 9692.00
Number of Units Leased 2
Tax Annual Amount 5508.0
Two Bedroom 1
Structure Type Twin/Semi-Detached
Price Per Sq Ft Total AG 71.98
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Tax Lot 00003
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Interior
Interior Amenities Other
Heating Fuel Natural Gas
Hot Water Electric
Total Stories 2
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N N
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Exterior
Exterior Amenities Other
Pool No Pool
Parking Features Crushed Stone
Lot Features Backs - Open Common Area Backs to Trees Rear Yard
Water Source Public
Type of Parking Driveway Parking Lot
Foundation Details Brick/Mortar
Water View Y/N N
Lot Dimensions 51.00 x 190.00
Lot Size Acres 0.22
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 7700.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 385
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* Excluded Features
List By
Vylla Home

Broker

christine.boysen@vylla.com

Email

Affordability Calculator

$1,863
Per Month
75%
25%
0%
Monthly Principal & Interest
$1,404
Monthly Property Taxes
$459
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/16/2025$225,000 Listed Price

Map

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385 E Broadway, Salem, NJ, 08079 is a Multi-Family Home for sale at $225,000 with a lot size of 0.22. 385 E Broadway has 5 bedrooms, 0.0 baths, and was built in 1870. The property's zip code is 08079 which is in Salem, NJ

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