Movoto Real Estate
Sold on 03/19/2024

312 E Broadway, Salem, NJ 08079

$328,000

Last sold 03/19/2024 for $205K

  • —

    bed

  • —

    bath

  • 4,362

    Sqft ($47/Sqft)

Multi-family not for sale

About 312 E Broadway

Property type Multi-family
Year built 1940
HOA fee $0/month
Lot size 5,663 Sqft
Movoto estimate
Property description
MAJOR PRICE REDUCTION IN SALEM, NJ! *** Hey there, are you ready to milk some profits in Salem County? I've got just the thing for you - a cash-cow opportunity that you won't want to miss! Are you on the lookout for a prime investment opportunity in Salem County? Well, what are you waiting for? Grab your overalls and let's get to work! Look no further than this exceptional 6-unit property, which promises to be your next cash cow! This property features six residential apartments, with three units currently rented on a month-to-month basis, and the other three recently vacated and ready for renovation to stabilize the rent in the building. Each unit boasts separate electric meters and utilities with electric baseboard heating. The property comprises of SIX 1-bedroom units, offering versatility and variety. You can easily tour the vacant Units 3, 4, and 6 with your Realtor. The occupied Units: Unit-1 ($650/mo), Unit-2 ($600/mo), and Unit-5 ($745/mo) - are long-term month-to-month tenants and current on rent, but may not grant access. Two of the vacant units are ready for a clean slate, while renovations have already commenced in the third vacant unit. Take advantage of this golden opportunity, bring your vision to life, stabilize the rents, and embark on your next BRRR journey. Contact us for more details! >>
Listed by
Listing Agent - Carlo Drogo Sr.
Listing Office - EXP Realty, LLC
Source: Bright MLS mls logo
MLS#NJSA2007544 • last updated 2 years ago
Movoto checked Bright MLS for data 4 minutes ago
Overview
Cooling/AC Window Unit(s), Electric
Heating Electric
Levels/Style Other
Type Multi-Family
SubType Other
Status Closed
SqFt 4362
Lot Size (SqFt) 5602
Lot Size (Acres) 0.13
County Tax 0, Annually
Tax: Assessed Value 178400
Annual Property Tax 13410
Year Built 1940
Municipality SALEM CITY
New Construction (Y/N) N
Foreclosure (Y/N) N
Interior
Basement Full, Unfinished
Total # of Rooms 23
Accessibility Features None
Exterior
Construction Frame
# Parking Spaces 6
Parking Desc Driveway
# Driveway Spaces 6
Existing Structures Above Grade, Below Grade, Porch(es)
Amenities / Utilities
Sewer/ Septic Public Sewer
Pool No Pool
Location
Water Source Public
School District SALEM CITY SCHOOLS
Directions Corner Of E Broadway And Johnson St.
Zoning R-2
Multifamily Details
# 1-Bedroom Units 6
# Units Month To Month 3
# Units Vacant 3
$328K
Range: $232K-$423K
Last 30 days 
  • Mar 2024
    mls logo MLS # NJSA2007544
  • Mar 9, 2024 Pending
    —
  • Dec 26, 2023 Listed
    $275,000 (-16.7%)
  • Nov 9, 2023 Pending
    —
  • Sep 27, 2023 Price Change
    $330,000 (+10.0%)
  • Sep 22, 2023 Listed
    —
  • Jun 6, 2023 Pending
    —
  • May 7, 2023 Listed
    $300,000
  • Year Property taxes Tax assessment
  • 2024
    $14,668 +4.6%
    $178,400
  • 2023
    $14,024 +4.6%
    $178,400
  • 2022
    $13,410 +3.6%
    $178,400
  • 2021
    $12,948 +32.0%
    $178,400
  • 2020
    $9,808
    $178,400
  • 312 E Broadway
    $205K
  • —
  • 08079
    — -100% y/y
  • Salem
    $190K -1% y/y
No chart available
Statistics calculated by Movoto

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3/10
Source: GreatSchools.org © 2026. All rights reserved.

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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: 10/28/2026. 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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