3 months on rocket

196 E Broadway, Salem, NJ, 08079

$600,000

Home List Price

$7,125*

Closing Credit

0 Baths
8,770 SqFt
$68/SqFt
House

Location

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196 E Broadway, Salem$600,000

Buyer Closing Credits

$7,125*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingOn Street, Other
Year Built1940
HeatingBaseboard
CoolingNone
MLS #NJSA2011762
Lot Size0.11 Acres
StatusActive
(ACTIVE)

About 196 E Broadway

Mixed-Use Investment Opportunity 6 residential units 2 commercial **MOTIVATED SELLER **. 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.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1940
  • Living Area: 8,770 SqFt

Listing Office:

  • Office Name: Coldwell Banker Excel Realty
  • Office Phone: (856) 696-1111
  • Listing Agent: Jennifer Derevlany

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Parking Information:

  • Parking: On Street, Other

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: None

Other

Directions Information:

  • Directions: 196 e broadway salem nj

Municipality:

  • Salem City

Price Information

Listing Price Info

Price Summary:

  • List Price: $600,000
  • Price Per SqFt: $68/SqFt
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Housing Market Comparison

See how this home compares to others in Salem, NJ.

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Salem, NJ

City

Med. Sold Price

$167.5K

Med. Price/SqFt

$118

Avg. Days On Market

18

# of Sold Homes

3

196 E Broadway vs Salem

106 DAYS ON ROCKET

+88 Days

$600,000

+$432.5K More

$68/SqFt

-$50 Less

KEY TAKEAWAY

This property is $432.5K more than the Median Sold Price and $50/SqFt less than other homes in Salem, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #NJSA2011762

Listing Office:

  • Office Name: Coldwell Banker Excel Realty
  • Office Phone: (856) 696-1111
  • Listing Agent: Jennifer Derevlany

IDX Information Deemed Reliable But Not Guaranteed. 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 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 sold or 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.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 1:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,062

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,865

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-461657
4
/10

  • Penn Beach Elementary School

  • 96 Kansas Rd

  • 5.90 miles

  • Public District Grades 4-5

school-card-donut-461658
5
/10

  • Central Park Elementary School

  • 43 Oliver Ave

  • 6.57 miles

  • Public District Grades 2-3

school-card-donut-461659
3
/10

  • New Castle Elementary School

  • 903 Delaware St

  • 8.51 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,200. Most Salem, NJ residents have annual incomes less than $35k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 196 E Broadway

What is the listing price of this property?

The listing price of 196 E Broadway property is $600,000.

What type of property is this?

The property 196 E Broadway is a house located in Salem, New Jersey, 08079.

Is this property for sale now?

Active Listing: 196 E Broadway is For Sale (Active/New) which means the seller is accepting offers.

What is the square footage of this property?

The property 196 E Broadway is 8,770 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 196 E Broadway is 1940.

Rocket Homes›New Jersey›Salem County›Salem›08079›196 E Broadway

This home is located at 196 E Broadway in Salem, NJ and zip code 08079. This 8,770 square foot home, which was built in 1940, sits on a 0.11 acre lot. It has been listed on Rocket Homes since August 01, 2024 and is currently priced at $600,000.

In October 2024 more than 0 listings in Salem, NJ were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 1 were sold below. Between September 2024 and October 2024, Salem, NJ real estate market has seen increase in the number of listings by 7.7%. The median list price of listings available in October 2024 was $167,500, while the average time on the real estate market was 18 days.

From Rocket Homes Real Estate and based on county public records data.

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