$100,000
5 bd · 2 ba · · 6,599 sqft lot
296-298 E Broadway, Salem, NJ 08079
Single family · Built 1940 ·
$1,254/mo est. payment
- Stories
- 2
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.
Facts and features
Bedrooms
- Bedrooms: 5
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Land Info
- Lot Size Acres: 0.1514922
- Lot Size Square Feet: 6599
Garage and Parking
- Parking Features: Off Street
Exterior and Lot Features
- Street Additional Info: 298
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
- Senior Community: No
School Information
- School District: SALEM CITY SCHOOLS
Other Property Info
- Annual Tax Amount: 8947
- Source Listing Status: Active
- County: SALEM
- Disclaimer: Standard
- Ownership: Fee Simple
- Source Property Type: Residential
- Source Neighborhood: NONE AVAILABLE
- Postal Code Plus 4: 1140
Schools
- 3
Salem Middle School
elementary · 3-8 · 0.3 mi
- 5
Salem High School
high · 9-12 · 0.9 mi
John Fenwick Elementary School
elementary · K-2 · 0.4 mi
Price history
- Oct 19, 2026 · Price Changed$100,000
- Oct 3, 2026 · Price Changed$115,000
- Apr 11, 2026 · Listed$130,000
Where it is
Listed by Jennifer Derevlany · Coldwell Banker Realty · BrightMLS
