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MLS: #NJSA2014196, Listed By: Jennifer Derevlany, Coldwell Banker Realty, Source:Bright MLS

196 E Broadway Rd

SALEM, NJ 08079
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Bed --

Bed

Bath 1

Bath

SqFt8,770

Sqft

Acres0.11

Acre(Lot)

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 busines ses, 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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Detail Ic Property Details

Property Type : Residential

Price : $499,000

AD Id : 74332754

MLS Id : NJSA2014196

Lot Size : 0.11 Acre

Living Area Size : 8,770

Year Built : 1940

County : SALEM

Subdivision: None Available

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Feature Features

  • Bathroom Information

    Total Baths: 1 Full Baths: 1
  • Interior Features

    Appliances: Electric Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Baseboard Has Cooling: Yes Cooling: None, Electric

  • Building Information

    Year Built: 1940 Building Area Total: 8770 Construction Materials: Brick Stories: 2 Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 35.00 x 131.00 Lot Size Acres: 0.11 Lot Size Source: Estimated Lot Size Square Feet: 4587

    Property Information

    Subdivision: NONE AVAILABLE Source Property Type: Residential Postal Code Plus 4: 1149 Levels: Two Property Age: 86

  • Listing Price Information

    Listing Price: $499000

  • Tax Information

    Parcel Number: 13-00027-00013 Tax Lot: 00013 Tax Year: 2023 Annual Tax: $13741

  • Parking Information

    On Street, Other

  • Location Information

    Direction: 196 e broadway salem nj WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
280 Qtn Marlboro Road, Salem, NJ, 08079 $575,000 5 2 2,008 2,008 SqFt
606 Quinton Marlboro Road, Salem, NJ, 08079 $265,000 3 2 1,657 1,657 SqFt
894 Main St Canton Street, Salem, NJ, 08079 $405,000 4 1 2,074 2,074 SqFt
28 New Street, Salem, NJ, 08079 $319,000 4 2 1,600 1,600 SqFt
2 New Bridge Road #D10, Salem, NJ, 08079 $80,000 2 2 840 840 SqFt
360 Salem Hancocks Brg .., Salem, NJ, 08079 $379,000 3 2 1,458 1,458 SqFt
363 Grant Street, Salem, NJ, 08079 $230,000 3 3 1,424 1,424 SqFt
39 Yorke Street, Salem, NJ, 08079 $220,000 3 2 2,402 2,402 SqFt
41 Yorke Street, Salem, NJ, 08079 $99,900 3 2 1,684 1,684 SqFt
324 Allen Avenue, Salem, NJ, 08079 $199,999 3 2 1,456 1,456 SqFt

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 06/04/2026 @ 16:51

MLS: NJSA2014196 LISTED BY: Jennifer Derevlany, Coldwell Banker Realty 856-685-5600 SOURCE: Bright MLS

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