About this home

Mixed-Use Investment Opportunity 5 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.

Facts and features

Schools

• Salem Middle School

  elementary · 3-8 · 0.2 mi

  3

• Salem High School

  high · 9-12 · 1.0 mi

  5

• John Fenwick Elementary School

  elementary · K-2 · 0.4 mi

Price history

• Sep 29, 2026 · Price Changed$499,000
• Aug 5, 2026 · Price Changed$598,000
• Jun 16, 2026 · Price Changed$599,000
• Feb 10, 2026 · Price Changed$499,000
• Jan 18, 2026 · Relisted$599,000
• Dec 24, 2025 · Listing Removed—
• Sep 3, 2025 · Price Changed$599,000
• Mar 20, 2025 · Price Changed$600,000

Where it is