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296-298 E BROADWAYSALEM, NJ 08079

Single Family · 5 Beds · 2 Full Baths · 0.15 Acres
$130,000 ACTIVE

296-298 E BROADWAY Overview

Time on Site:
80 days
Visits:
12

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.

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296-298 E BROADWAY Facts & Features

  • Type Single Family
  • Lot 0.15 Acres

Details

General

Association/HOA

  • Association: No
  • Condo/Coop Association: No

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Pool: No Pool
  • Total SQFT: 0
  • Year Built: 1940

Location/Region

  • Country: US
  • County: SALEM
  • County Or Parish: SALEM
  • MLS Area Major: Salem City (21713)
  • Subdivision Name: NONE AVAILABLE

Parking Information

  • Type of Parking: Off Street

Tax Information

  • City/Town Tax Payment Frequency: Annually
  • County Tax Payment Frequency: Annually
  • Tax Annual Amount: $8,947.00
  • Tax Assessed Value: 103700.00
  • Tax Year: 2025

General Information

  • Property Type: Residential
  • School District Name: SALEM CITY SCHOOLS
  • Senior Community: No
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2025
  • Zoning: MIXED

Interior

Building Information

  • Cooling Fuel: None
  • Heating Fuel: Natural Gas

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Full Main Level: 2
  • Bathrooms Total: 2
  • Bedrooms Total: 5

Building Exterior/Construction

  • Structure Type: Other

Building Interior

  • Above Grade Finished Area: 0
  • Above Grade Finished Area Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area: 0
  • Below Grade Finished Area Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Central Air: No
  • Hot Water: Other

General Information

  • Accessibility Features: 2+ Access Exits
  • Basement: No
  • Cooling: None
  • Fireplace: No
  • Heating: None
  • Levels: 2
  • Living Area: 0
  • Living Area Source: Assessor
  • Main Level Bathrooms: 2.00
  • Main Level Bedrooms: 5

Exterior

Lot Information

  • Lot Dimensions Source: Assessor
  • Lot Size Acres: 0.15
  • Lot Size Dimensions: 40.00 x 165.00
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6599.00
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Other
  • Construction Materials: Mixed

General Information

  • Other Structures: Above Grade,Below Grade
  • Sewer: Public Sewer
  • Water Access: No

296-298 E BROADWAY Neighborhood

Community

08079 (SALEM) Demographics

40
Median Age
98
Population Density (per sq. mile)
24%
College Educated
$42,077
Estimated Median Income
2,379
Estimated Total Home Owners
1,639
Estimated Total Renters
59% / 41%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

296-298 E BROADWAY Monthly Cost

$
$ %
%
$
$
Alex Reilley
Kevin Schulthies
Our Website
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

296-298 E BROADWAY Market Data

Based on the last 30 days in this zip code

$217,443
Average List Price
$117
Average Price per Square Foot
13
Properties Sold
101
Average Days on Market
74
Properties for Sale
Calculations provided by Reliance Network

296-298 E BROADWAY History

Date Event Value Agent
4/11/2026Source: BRIGHT MLS Added to Database
April 11, 2026
12/3/2024Source: BRIGHT MLS Added to Database
August 11, 2021
Listing provided courtesy of Coldwell Banker Realty- MLS# NJSA2017992MLS ProviderContact Information: [email protected] - 8566855600