Movoto Real Estate

196 E 198 E Broadway, Salem, NJ 08079

$598,000
  • bed

  • 1

    bath

  • 8,770

    Sqft ($68/Sqft)

House for sale 536 days
$1K price drop

About 196 E 198 E Broadway

Property type House
Year built 1940
HOA fee $0/month
Lot size 4,587 Sqft
Movoto estimate
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.
Listed by
Listing Agent - Jennifer Derevlany
Listing Office - Coldwell Banker Realty
Source: Bright MLS mls logo
MLS#NJSA2014196 • last updated 1 month ago
Movoto checked Bright MLS for data 5 minutes ago
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Overview
Cooling/AC None, Electric
Heating Electric
Levels/Style Other
Type Residential
Status Active
SqFt 8770
Lot Size (SqFt) 4587
Lot Size (Acres) 0.11
County Tax 0, Annually
Tax: Assessed Value 174800
Annual Property Tax 13741
Year Built 1940
Municipality SALEM CITY
New Construction (Y/N) N
Foreclosure (Y/N) N
Interior
Total # of Bathrooms 1
# Full Baths 1
Accessibility Features 2+ Access Exits
Exterior
Construction Brick
Parking Desc On Street, Other
Existing Structures Above Grade
Amenities / Utilities
Sewer/ Septic Public Sewer
Pool No Pool
Location
Subdivision NONE AVAILABLE
Water Source Public
Senior Community (Y/N) N
School District SALEM CITY SCHOOLS
Directions 196 E Broadway Salem Nj
Zoning MIXED
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3/10
Source: GreatSchools.org © 2026. All rights reserved.

Around the neighborhood

Explore everything this neighborhood has to offer.
52/100
Walk
81/100
Family
16/100
Dining
63/100
Pet
  • Real Estate
  • NJ
  • Salem County
  • Salem
  • 08079
  • 196 E 198 E Broadway

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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 Movoto 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. Data last updated: 9/3/2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closedor are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHTMLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually solddue to reporting errors.
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