196 E Broadway #198, Salem, NJ, 08079
About This Home
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.
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1940
Materials
- Construction materials: Brick
Type & Style
- Home type: SingleFamily
- Architectural style: Other
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Electric Water Heater
Bedrooms & Bathrooms
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Features
- Finished area above ground: 8,770
Heating & Cooling
- Heating features: Baseboard,Electric
- Cooling features: None,Electric
Interior Area
- Total structure area: 8,770
- Total interior livable area: 8,770 sqft
Property
Accessibility
- Accessibility features: 2+ Access Exits
Details
- Parcel number: 130002700013
- Zoning: MIXED
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Lot size: 4,587 sqft
- Lot size dimensions: 35.00 x 131.00
Parking
- Parking features: On Street,Other
- Has uncovered spaces: Yes
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 | $3,028 | $36,336 |
| Home Insurance * | $455 | $5,460 |
| Property Taxes | $1,093 | $13,116 |
| Electricity | $966 | $11,601 |
| Total | $5,542 | $66,504 |
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 |
|---|---|---|
| 2026-02-10 | Price change | $499,000 |
| 2026-01-18 | Listed for sale | $599,000 |
| 2025-12-23 | Listing removed | $599,000 |
| 2025-09-03 | Price change | $599,000 |
| 2025-05-03 | Listed for sale | $600,000 |
| 2025-04-27 | Contingent | $600,000 |
| 2025-03-18 | Pending sale | $600 |
| 2025-01-24 | Listing removed | $600,000 |
| 2024-08-01 | Listed for sale | $600,000 |
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