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196 E Broadway , Salem, NJ 08079
$499,000
Est. Payment: $2,694.61/mo
0.11 Acres
Status: active | Days on site: 535
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CBPREHAD - 3279573
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from IDX Support, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

MUST HAVE MIXED USE PRE APPROVAL WITH OFFER!!! Mixed-Use Investment Opportunity 5 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.
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Highlights

Listed by Jennifer Derevlany , 8564661388 Coldwell Banker Realty , 8566855600. Bright MLS

Property Type

Commercial Lease
Lot/Acreage
0.11

Year Built

1940

County

Salem

Area

Salem City (21713)

 School District

Salem City Schools

Listing ID

NJSA2014078

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Interior Features

Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Lot Dimensions:35.00 x 131.00
Zoning:MIXED
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$2,695
Taxes
$318

Home Price

$499,000

Loan Details

30 yrs
7.144%

Down Payment

20%
$99,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,694.61

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,694.61 $318.11 $0.00 $3,012.72
Yearly $32,335.27 $3,817.35 $0.00 $36,152.62
Total $970,058.05 $114,520.50 $0.00 $1,084,578.55
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Salem, NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

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Data last updated: 2026-11-13T15:13:57.000Z

© 2026 Bright MLS