Sold for $140,000

$140,000

161 W Broadway, Salem, NJ 08079

1beds

1baths

--sqft

Retail

Built in 1920

-- sqft lot

$181,600 Zestimate^®

$--/sqft

$1,633 Estimated rent

Home value

$181,600

$162,000 - $205,000

$1,633/mo

Zestimate^® history

Owner options

List your home for rent

$1,633/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

$1,633/mo

Rent Zestimate^®

Refinance and save

$1,071/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$1,071/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

******Contracts out..... Multiple offers**** Welcome to an exceptional investment opportunity in the heart of Salem City! The ground floor is home to a successful and well-established restaurant. Fully equipped and recently updated, it provides an immediate and consistent source of income. Upstairs, discover a thoughtfully designed one-bedroom apartment. Updated and currently rented out, it offers a comfortable and attractive living space. Both units are updated and already leased, ensuring a positive cash flow from day one. This turnkey property is an ideal investment for those seeking immediate return.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1

Basement

Area: 0

Heating

Baseboard, Electric

Cooling

None

Appliances

Included: Electric Water Heater

Features

Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Parking features: On Street
Has uncovered spaces: Yes

Accessibility

Accessibility features: None

Features

Pool features: None

Lot

Size: 1,302 sqft
Dimensions: 14.00 x 93.00

Details

Additional structures: Above Grade, Below Grade
Parcel number: 130005700013
Zoning: RETAIL COMMERCIAL
Zoning description: MIxed use building - restaurant with an apartment above
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Retail

Materials

Other

Condition

New construction: No
Year built: 1920

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & neighborhood

Location

Region: Salem
Municipality: SALEM CITY

Other

Other facts

Listing agreement: Exclusive Right To Sell
Ownership: Fee Simple

Price history

Date	Event	Price
1/11/2024	Sold	$140,000+7.7%
Source: Bright MLS #NJSA2009580 Report a problem
12/27/2023	Pending sale	$130,000
Source: Bright MLS #NJSA2009580 Report a problem
12/18/2023	Contingent	$130,000
Source: Bright MLS #NJSA2009580 Report a problem
12/15/2023	Listed for sale	$130,000
Source: Bright MLS #NJSA2009580 Report a problem