Precious Bankole

196-198 E Broadway

Salem, NJ
$ 598,000 Beds 0 Baths 1 Sq 8,770
Monthly Estimate* How much can I afford?

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.

ACTIVE

  • Price
  • $ 598,000
  • City
  • Salem
  • Bedrooms
  • 0
  • Full Bathrooms
  • 1
  • County
  • SALEM
  • Half Bathrooms
  • 0
  • Area
  • Salem City
  • Lot Size
  • 0.11 Acres
  • Zip
  • 08079
  • Sqr Footage
  • 8,770
  • Year Built
  • 1940
  • Taxes
  • $ 13741
  • Style
  • MLS#
  • NJSA2014196
Listed By: Jennifer Derevlany with Coldwell Banker Realty - 8566855600;
Data Source: Bright MLS

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
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

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Martinsburg, WV office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% 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.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

1/18/2026 Listed $599,000
2/10/2026 17% - $499,000

Property vs Zip Code Average in 08079

Price
AVG $260K
$600K
Taxes
AVG $5,209
$13,741
Year Built
AVG 1922
1940
Visits
AVG 317
395
Data Provided by Inside Real Estate®

Areas That We Cover

196-198 E Broadway Salem, NJ is a Single Family Home for sale at $598000 with 8770 sqft and a lot size of 0.11 Acres Acre(s). 196-198 E Broadway Salem has 0 bedrooms, 1 baths and was built in 1940. The property's zip code is 08079 which is in Salem, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Precious Bankole

Precious Bankole

240-351-5185

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