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$550,000 Just Listed

  • For Sale
  • Active
  • Apartment
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8 unit apartment building situated in downtown Salem City. Situated on W Broadway, next to the historic Salem Oak Diner. Building is comprised of (5) large one bedroom one bath apartments. The remaining 3 units are studios. Seven of the eight units are occupied. Annual Gross Income: $74, 640 Owner pays: taxes, insurance, lawn care, trash removal, heat, hot water, & water sewer along with studio electric. Tenant's of the one bedrooms pay their own electric.

Full Property Details for 115 W Broadway

General

  • Price: $550,000
  • Taxes: $17,920 (2025)
  • Status: Active
  • Type: Apartment
  • Source: BrightMLSPhilly
  • MLS ID: NJSA2018704
  • Updated: Today (4/24/2026)
  • Added to Site: Today

Business

  • Business Type: Apartment Building

Parking

  • Total Spaces: 5
  • Parking Type: On Street

Location

  • Area: Salem City (21713)
  • Municipality: SALEM CITY
  • County: SALEM
  • Driving Directions: GPS

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Radiator
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Frame
  • Building Size: 5000
  • Year Built: 1960
  • Year Built Source: Assessor

Unit Information

  • # Tenants: Multiple

Lot Features

  • Lot Size (Acres): 0.21
  • Lot Size (Sq. Ft.): 9,239
  • Lot Size Source: Assessor
  • Lot Dimensions: 56.00 x 165.00
  • Zoning: APT

Financial Considerations

  • Price Per Sq. Ft.: $110
  • Assessment Year: 2025
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax w/Assessment: $207,700
  • Tax Amount: $17,920
  • Tax Year: 2025
  • Owner Pays: Water, Sewer, Lawn/Shrub Care, Heat

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 7

Listed by Hedenberg Real Estate Company LLC, Eric Martorano and Hedenberg Real Estate Company LLC, Brandon Hedenberg

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Listing agents

— 115 W Broadway —

  • Eric Martorano

    Hedenberg Real Estate Company LLC

  • Brandon Hedenberg

    Hedenberg Real Estate Company LLC

Listing Office Email: brandon@hedrec.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 115 W Broadway

School District:Salem City School District
NameGradesDistance
Salem Middle School
51 New Market Street, Salem, NJ 08079
3-80.2 mi
John Fenwick Elementary School
183 Smith Street, Salem, NJ 08079
PK-20.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 115 W Broadway Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/24/2026
Listed
$550,000
22.22%
MLS
2/05/2024
Sold
$450,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 115 W Broadway

Year
Property Taxes
Change
Tax Assessment
Change
2024
$17,077
9%
$207,700
—
2022
$15,613
4%
$207,700
—
2021
$15,075
2%
$207,700
—
2020
$14,772
3%
$207,700
—
2018
$14,360
1%
$207,700
—
2017
$14,186
102%
$207,700
16%
2016
$7,010
1%
$179,000
—
2015
$6,920
-53%
$179,000
-14%
2019
$14,682
115%
$207,700
16%
2013
$6,843
—
$179,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Hedenberg Real Estate Company LLC, Eric Martorano and Hedenberg Real Estate Company LLC, Brandon Hedenberg

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115 W Broadway, Salem, NJ 08079 (MLS# NJSA2018704) is a Apartment property. 115 W Broadway is currently listed for $550,000 and was received on April 24, 2026. Want to learn more about 115 W Broadway? Do you have questions about finding other Apartment real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.

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