296-298 E BROADWAY, Salem, NJ 08079
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Listed by jennifer Derevlany • Coldwell Banker Realty
$ 130,000
Est. payment /mo
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296-298 E BROADWAY Salem, NJ 08079

5 Beds

2 Baths

6,599 Sqft Lot


UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision None Available

MLS Listing ID NJSA2017992

Style Other

Bedrooms 5

Full Baths 2

HOA Y/N N

Year Built 1940

Annual Tax Amount $8,947

Tax Year 2025

Lot Size 6,599 Sqft

Acres 0.15

Lot Dimensions 40.00 x 165.00

Source BRIGHT

Property Description

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.

Location

State NJ

County Salem

Area Salem City (21713)

Zoning MIXED

Rooms

Main Level Bedrooms 5

Interior

Hot Water Other

Heating None

Cooling None

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility 2+ Access Exits

Garage N

Building

Story 2

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories 2

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Salem City Schools

Others

Senior Community No

Tax ID 13-00035-00014

Ownership Fee Simple

Special Listing Condition Standard


Bright MLS (BMLS)

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296-298 E BROADWAY

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