Skip main navigation
For sale
  • Price increase: $100K (6/16)
    $599,000

    196 E Broadway #198, Salem, NJ 08079

    0beds
    8,770sqft
    : 
    $4,373/mo
    Get pre-qualified
    Single Family Residence
    Built in 1940
    4,587 Square Feet Lot
    $-- Zestimate®
    $68/sqft
    $-- HOA

    What's special

    Six spacious residential apartmentsComfortable living spaces
    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.
    492 days
    |
    183
    |
    7
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    jennifer Derevlany 856-466-1388,

    Coldwell Banker Realty

    Source: Bright MLS,MLS#: NJSA2014196MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 0
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bathrooms: 1
      Heating
      • Baseboard, Electric
      Cooling
      • None, Electric
      Appliances
      • Included: Electric Water Heater
      Features
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total structure area: 8,770
      • Total interior livable area: 8,770 sqft
      • Finished area above ground: 8,770

      Property

      Parking
      • Parking features: On Street, Other
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: 2+ Access Exits
      Features
      • Levels: Two
      • Stories: 2
      • Pool features: None
      Lot
      • Size: 4,587 Square Feet
      • Dimensions: 35.00 x 131.00
      Details
      • Additional structures: Above Grade
      • Parcel number: 130002700013
      • Zoning: MIXED
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Other
      • Property subtype: Single Family Residence
      Materials
      • Brick
      Condition
      • New construction: No
      • Year built: 1940

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: None Available
      HOA
      • Has HOA: No
      Location
      • Region: Salem
      • Municipality: SALEM CITY

      Financial & listing details

      • Price per square foot: $68/sqft
      • Tax assessed value: $174,800
      • Annual tax amount: $13,741
      • Date on market: 3/18/2025
      • Listing agreement: Exclusive Right To Sell
      • Ownership: Fee Simple

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,000/mo

        Price history

        DateEventPrice
        6/16/2026Price change$599,000+20%$68/sqft
        Source: Bright MLS #NJSA2014196 Report a problem
        2/10/2026Price change$499,000-16.7%$57/sqft
        Source: Bright MLS #NJSA2014196 Report a problem
        1/18/2026Listed for sale$599,000$68/sqft
        Source: Bright MLS #NJSA2014196 Report a problem
        12/23/2025Listing removed$599,000$68/sqft
        Source: Bright MLS #NJSA2014196 Report a problem
        9/3/2025Price change$599,000-0.2%$68/sqft
        Source: Bright MLS #NJSA2014196 Report a problem
        5/3/2025Listed for sale$600,000$68/sqft
        Source: Bright MLS #NJSA2014196 Report a problem
        4/27/2025Contingent$600,000+99900%$68/sqft
        Source: Bright MLS #NJSA2014196 Report a problem
        3/18/2025Pending sale$600-99.9%
        Source: Bright MLS #NJSA2014196 Report a problem
        1/24/2025Listing removed$600,000$68/sqft
        Source: Bright MLS #NJSA2011762 Report a problem
        8/1/2024Listed for sale$600,000$68/sqft
        Source: Bright MLS #NJSA2011762 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 08079

        Getting around

        60 / 100
        Somewhat Walkable
        57 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Salem City Schools

        Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts