$2,019 Closing Credit¹
#NJSA2014428, Stefanie Amber Reis, Listing Office: Keller Williams Realty - Wildwood Crest
$600,000 List price
196 E Broadway Salem, NJ 08079
$7,125
Closing credit¹
0 beds
1 full
8,770 sqft
0.1 acres
$68 / sqft
House
Property details
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.
Highlights
Home typeOther
HeatingBaseboard
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)
(ACTIVE UNDER CONTRACT)
Size8,770 sqft
Lot size0.11 Acres
Year built1940
ParkingOn Street,Other
MLS #NJSA2014196
Summary
- Full Bathrooms: 1
- Basement: No
- Parking: On Street,Other
- Architectural Style: Other
- Heating: Baseboard
- Cooling: None
- List Price: $600,000
- Price/SqFt: $68
- Directions: 196 e broadway salem nj
- Year Built: 1940
- Stories: 2
- Living Area: 8,770 SqFt
- Municipality: Salem City
- Lot Size: 0.11 Acres
- MLS Number: NJSA2014196
- MLS Name: BRIGHT
- Office Name: Coldwell Banker Realty
- Office Phone: (856) 685-5600
- Office Email: haddonfieldadmin@cbrealty.com
- Listing Agent: Jennifer Derevlany
- Agent Phone: (856) 466-1388
- Agent Email: jderevlany@icloud.com
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. ©2025 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: 4/29/2025, 3:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$600,000
196 E Broadway
$7,125
closing credit¹
Sell your home with Rocket and save even more!
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0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
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Nearby schools
4
Penn Beach Elementary School
Public District 4-5
5.9 mi
•96 Kansas Rd
5
Central Park Elementary School
Public District 2-3
6.6 mi
•43 Oliver Ave
3
New Castle Elementary School
Public District KG-5
8.5 mi
•903 Delaware St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,200. Typical income of Salem, NJ residents is less than $<35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
48%
<35k
34%
35k-100k
16%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
51%
Single, No Kids
21%
Single, with Kids
19%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
9%
12-17 yrs old
20%
18-34 yrs old
42%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Pro Wrestling
Figure Skating
NASCAR
Where do the neighbors shop?
Family Dollar
Kmart
Wal-Mart
Where do the neighbors go to eat?
Dominos Pizza
Bob Evans
Sonic
What do the neighbors drive?
Ford
Buick
Oldsmobile
What do the neighbors listen to?
New Country
Oldies- Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 196 E Broadway
The listing price of 196 E Broadway property is $600,000.
The property 196 E Broadway is a house located in Salem, New Jersey, 08079.
Accepting Backup Offers: 196 E Broadway is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 196 E Broadway are: Penn Beach Elementary School (GreatSchools Rating 4/10), Central Park Elementary School (GreatSchools Rating 5/10), New Castle Elementary School (GreatSchools Rating 3/10), Salem Middle School (GreatSchools Rating 1/10), Mannington Township Elementary School (GreatSchools Rating 9/10), Elsinboro Township Elementary School (GreatSchools Rating 4/10), Salem High School (GreatSchools Rating 3/10), Pennsville Memorial High School (GreatSchools Rating 3/10), Salem County Career and Technical High School (GreatSchools Rating 4/10).
The property at 196 E Broadway has 0 bedroom and 1 bathroom.
The property 196 E Broadway is 8,770 SqFt (source: MLS/tax record).
The year of construction for 196 E Broadway is 1940.
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. Features: 0 bedroom, 1 bathroom. It has been listed on Rocket Homes since March 18, 2025 and is currently priced at $600,000.
Over 3 listings were sold over their listed price in March 2025 in Salem, NJ. In the same period over 1 listings were sold below the listed price and 1 listings were sold for the listed price. The number of listings in Salem, NJ increased by 27.5% between February and March 2025. In March 2025 median list price was $195,000 and the average listing age was 40 days.
From Rocket Homes Real Estate and based on county public records data.