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$599,000

  • For Sale
  • Active
  • Single Family
  • 1 Full Bath
  • 8,770 Sq. Ft.
  • Updated 2 days ago
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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.

Full Property Details for 196 E Broadway

General

  • Price: $599,000
  • Taxes: $13,741 (2023)
  • Status: Active
  • Type: Single Family
  • Source: BrightMLSPhilly
  • MLS ID: NJSA2014196
  • Updated: 1/18/2026
  • Added to Site: 309 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Floor Baths: 1
  • Main - Full Baths: 1

Parking

  • Parking Type: On Street, Other

Location

  • Area: Salem City (21713)
  • Municipality: SALEM CITY
  • County: SALEM
  • Driving Directions: 196 e broadway salem nj

School Information

  • School District: Salem City Schools

Heating & Cooling

  • Cooling Type: None
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Other
  • Structure Type: Other
  • Construction: Brick
  • Stories Description: Main
  • Square Feet: 8,770
  • Sq. Ft. Source: Estimated
  • Living Area: 8,770 Sq. Ft.
  • Finished Above Grnd: 8,770 Sq. Ft.
  • Year Built: 1940
  • Year Built Source: Estimated

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Size (Sq. Ft.): 4,587
  • Lot Size Source: Estimated
  • Lot Dimensions: 35.00 x 131.00
  • Zoning: MIXED

Financial Considerations

  • Price Per Sq. Ft.: $68.3
  • Assessment Year: 2023
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax w/Assessment: $174,800
  • Tax Amount: $13,741
  • Tax Year: 2023

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 13
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 196 E Broadway —

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 196 E 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
Salem High School
219 Walnut Street, Salem, NJ 08079
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 196 E Broadway Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/03/2025
Price Reduced
$599,000
-0.17%
MLS
3/18/2025
Listed
$600,000
361.54%
MLS
1/04/2022
Sold
$130,000
—
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 196 E Broadway

Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,372
5%
$174,800
—
2023
$13,741
5%
$174,800
—
2022
$13,140
-1%
$174,800
—
2022
$13,302
5%
$174,800
—
2021
$12,687
3%
$174,800
—
2019
$12,357
2%
$174,800
—
2018
$12,086
1%
$174,800
—
2017
$11,939
79%
$174,800
3%
2016
$6,661
1%
$170,100
—
2015
$6,576
1%
$170,100
—
2013
$6,503
—
$170,100
—
View All
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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196 E Broadway, Salem, NJ 08079 (MLS# NJSA2014196) is a Single Family property with 0 bedrooms and 1 full bathroom. 196 E Broadway is currently listed for $599,000 and was received on March 18, 2025. This property is listed by Jennifer Derevlany from our Haddonfield Office.Want to learn more about 196 E Broadway? Do you have questions about finding other Single Family 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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