296 E Broadway #298, Salem, NJ, 08079
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
Somewhat Walkable
Very Limited Transit
BikeableSchools
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
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Inland Flooding
- Ice Storm
- Strong Wind
- Winter Weather
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $657 | $7,884 |
| Home Insurance * | $98 | $1,176 |
| Property Taxes | $237 | $2,844 |
| Electricity | $193 | $2,318 |
| Total | $1,185 | $14,220 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-11 | Listed for sale | $130,000 |
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