Primary listing photo

296 E Broadway #298, Salem, NJ, 08079

5beds
2baths
0sqft
$130,000
--price/sqft
$1,185/moest. monthly cost
$47,400/yrincome needed

About This Home

Prime mixed-use investment opportunity located in a historic district in the heart of Salem. This property features three total units, including one commercial space and two residential apartments—a 3-bedroom, 1-bath and a 2-bedroom, 1-bath. The building is in need of a full renovation, making it an ideal project for investors or developers looking to bring new life to a highly visible location. Situated on a generously sized lot, the property offers a large rear parking area along with a spacious garage, perfect for storage, equipment, or potential additional use. With strong potential for mixed-use income and a desirable location along East Broadway, this is a rare opportunity to create value and maximize returns.

Getting Around

51
WalkingSomewhat Walkable
0
TransitVery Limited Transit
54
BikeBikeable

Schools

3/10
Salem Middle SchoolGrades 3-80.3 mi
5/10
Salem High SchoolGrades 9-120.9 mi

Construction

Condition

  • Year built: 1940

Materials

  • Construction materials: Mixed

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Water Heater

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 2
  • Main level bedrooms: 5

Features

  • Finished area below ground: 0
  • Finished area above ground: 0

Heating & Cooling

  • Heating features: None,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 0

Property

Accessibility

  • Accessibility features: 2+ Access Exits

Details

  • Parcel number: 130003500014
  • Zoning: MIXED
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None

Lot

  • Lot size: 6,599 sqft
  • Lot size dimensions: 40.00 x 165.00

Parking

  • Parking features: Off Street