196 E Broadway #198, Salem, NJ 08079
FOR SALE

196 E Broadway #198
Salem, NJ 08079

  • Studio
  • 1 Bath
  • 8,770 sqft

$499,000

Original price: $599,000
Est. Mortgage $3,649/mo*
Get Pre-Qualified

$499,000

Original price: $599,000
Est. Mortgage $3,649/mo*
Get Pre-Qualified
Studio
1 Bath
8,770 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

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.

Home Highlights

Parking
Open Parking
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$57
Listed
180+ days ago

Home Details for 196 E Broadway #198

Interior Features

Beds & Baths
Number of Bathrooms: 1Number of Bathrooms (full): 1Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 8770 Square Feet
Appliances & Utilities
Appliances: Electric Water Heater
Heating & Cooling
Heating: Baseboard,ElectricHas CoolingAir Conditioning: None,ElectricHas HeatingHeating Fuel: Baseboard
Fireplace & Spa
No Fireplace
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoAccessibility: 2+ Access Exits
View
No View

Exterior Features

Exterior Home Features
Other Structures: Above GradeNo Private Pool
Parking & Garage
No CarportNo GarageNo Attached GarageHas Open ParkingParking: On Street,Other
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 8770 Square Feet

Days on Market

Days on Market: 180+

Property Information

Year Built
Year Built: 1940
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: OtherArchitecture: Other
Building
Construction Materials: BrickNot a New Construction
Property Information
Parcel Number: 130002700013

Price & Status

Price
List Price: $499,000Price Per Sqft: $57
Status Change & Dates
Possession Timing: 31-60 Days CD

Active Status

MLS Status: ACTIVE

Location

Direction & Address
City: SALEMCommunity: None Available
School Information
Elementary School District: Salem City SchoolsJr High / Middle School District: Salem City SchoolsHigh School District: Salem City Schools

Agent Information

Listing Agent
Listing ID: NJSA2014196

Building

Building Area
Building Area: 8770 Square Feet

Community

Not Senior Community

HOA

No HOA

Lot Information

Lot Area: 4587 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Agreement Type: Exclusive Right To Sell

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: NJSA2014196Municipality: SALEM CITYAbove Grade Unfinished Area: 8770

Additional Information

Source Internet Entire Listing Display: Y
Last check for updates: about 2 hours ago
Listing courtesy of jennifer Derevlany, (856) 466-1388
Coldwell Banker Realty
Source: Bright MLS, MLS#NJSA2014196
Also Listed on Bright MLS.

Market trends in Salem

Last updated April 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
59
2MoM

Price History for 196 E Broadway #198

DatePriceEventSource
02/10/2026$499,000PriceChange
Bright MLS #NJSA2014196
01/18/2026$599,000Listed For SaleBright MLS #NJSA2014196
12/23/2025$599,000ListingRemovedBright MLS #NJSA2014196
09/03/2025$599,000PriceChange
Bright MLS #NJSA2014196
05/03/2025$600,000PendingToActiveBright MLS #NJSA2014196
04/27/2025$600,000ContingentBright MLS #NJSA2014196
03/18/2025$600PendingBright MLS #NJSA2014196
01/24/2025$600,000ListingRemovedBright MLS #NJSA2011762
08/01/2024$600,000Listed For SaleBright MLS #NJSA2011762

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Comparable Sales for 196 E Broadway #198

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
208 9th St, Salem, NJ
0.21
Single-Family Home
$224,000
05/27/26
3
1
1,149
266 Grant St, Salem, NJ
0.20
Single-Family Home
$165,000
02/19/26
4
1
1,368
210 Wesley St, Salem, NJ
0.20
Single-Family Home
$105,000
01/23/26
3
1
1,795
187 7th St, Salem, NJ
0.06
Single-Family Home
$67,000
03/27/26
4
2
1,929
189 Wesley St, Salem, NJ
0.25
Single-Family Home
$110,000
09/10/25
4
1
1,464
321 Fenwick Ave, Salem, NJ
0.38
Single-Family Home
$196,100
08/11/25
3
1
1,622
135 Grant St, Salem, NJ
0.17
Single-Family Home
$190,000
09/04/25
4
1.5
1,808
116 8th St, Salem, NJ
0.24
Single-Family Home
$155,000
11/21/25
3
1
1,444
28 Chestnut St, Salem, NJ
0.21
Single-Family Home
$118,000
09/08/25
3
1
1,152
155 7th St, Salem, NJ
0.11
Single-Family Home
$110,000
10/28/25
5
2
1,524

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 196 E Broadway #198.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Salem

At least 72 Trulia users voted on each feature.

  • 83 % Say car is needed

  • 78 % Say yards are well-kept

  • 73 % Say there are sidewalks

  • 70 % Say parking is easy

  • 65 % Say it's dog friendly

  • 65 % Say kids play outside

  • 64 % Say there's holiday spirit

  • 59 % Say neighbors are friendly

  • 54 % Say there's wildlife

  • 53 % Say it's walkable to restaurants

  • 48 % Say it's quiet

  • 41 % Say streets are well-lit

  • 36 % Say there are community events

  • 35 % Say people would walk alone at night

  • 32 % Say they plan to stay for at least 5 years

  • 18 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Kayana Benson
    "My neighbors, are very friendly, they are some great helpful people but you have to be careful who you surround yourself and tell business too, overall salem is a small community in everybody just trying to do the same thing in that’s living day by day."
    0
    Flag
  • Peggy Brown
    "I don’t know of any events that were held that would make me say that my neighborhood special st all."
    0
    Flag
  • Famgoon Chop
    "The town is horrible no shopping store nothing ! In it’s also very dangerous . In a bad environment to raise kids "
    0
    Flag
  • Angelashockley56
    "None anymore it's a small town with a lot of violence crime.There's no grocery store you need a vehicle to go to the mall or any other department store."
    13
    Flag
  • Angelashockley56
    "There are buses my city is small so it's not far to walk to a bus that comes each way every 25 30min."
    5
    Flag
  • Kiersten H.
    "I know all the dogs in my area, when one gets out of the yard anyone who is available to help joins in. I’ve personally returned neighbors dogs that wandered in my yard to play with my dog. There are allot of sidewalks, most maintained, some not. There’s also allot of areas of nature walks to check out"
    10
    Flag
  • Jefferson B.
    "Gun shots gun shots gun shots. Place is horrible. Would not recommend moving here. Cheap rent isn’t worth your life. "
    26
    Flag
  • Kiersten H.
    "We have lived here for 3 years now. We love the neighbors, the city is getting rid of the bad seeds in town and allot of great people are coming in. So much history and new businesses are popping up, soul food, distilleries, little shops. Great place! "
    10
    Flag
  • Kiersten H.
    "On 8th street there is a strong sense of community, we all know each other and we are all interested in the rich history and development of the city. Low taxes and great neighbors, as a PhD student at Rutgers I feel welcome as a homeowner in the area. I highly recommend. "
    5
    Flag
  • Kiersten H.
    "My neighborhood has many historical homes. Poor individuals have been moving out, and more businesses are moving in. Very low taxes "
    5
    Flag
  • Waynelipk0
    "Quaint little "shore" feeling town. No businesses so you have to drive to get anything. neighbors are all friendly. "
    0
    Flag
  • Orlando M.
    "People usually got the dogs in cages They do not pick up after the dogs they do not care after their dogs they have their dogs always locked up in cages"
    2
    Flag
  • Puniboy
    "i live along the main highway where there are no sidewalks. getting anywhere requires driving. people tend to use the shoulder of the road to pass vehicles turning in the opposite direction"
    0
    Flag
  • shorty
    "Chestnut Terrace is similar to living in Elsinboro. Quiet, safe, and good neighbors. Great place for walks and bike rides with no traffic. Inexpensive taxes with a beautiful home! School choice is available."
    3
    Flag
  • Puniboy
    "Quinton Township School is great! The few restaurants we do have are awesome! The community is very welcoming and very hospitable. "
    0
    Flag
  • Patrick M.
    "There is no public transportation. There is only one stoplight in town. There is little traffic. I do not know what else they want me to say about the non-existent traffic in this small town."
    0
    Flag
  • Adeadfaith
    "Country living. Everything is very spread out. Neighbors are friendly. Biggest flaw is there is no grocery store. Safe neighborhood tho. "
    0
    Flag
  • Nicolereiter7
    "My neighborhood is quiet and private. There a few small country stores near by for the essentials and just enough local eateries to keep it interesting. We are just far enough from the bridges to be convenient."
    0
    Flag
  • Nicolereiter7
    "I have not lived in Mannington Township however love the area. It is great mix of open land and little neighborhoods. "
    0
    Flag
  • Linda S.
    "It is a true shame what this area of town has become... I grew up in 266 Sinnickson St and the area was wonderful back in those days... If the area was cleaned up from crime, etc. than I would actually think about living there again... I do have many fond memories of this home... "
    12
    Flag
  • spacepotato44
    "In 15 months I will live here and it is good. It has been 6 seconds and I still like this place :)))"
    0
    Flag

LGBTQ Local Legal Protections

jennifer Derevlany, Coldwell Banker Realty
Agent Phone: (856) 466-1388
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc. Click here for more information
196 E Broadway #198, Salem, NJ 08079 is a studio, 1 bathroom, 8,770 sqft single-family home built in 1940. This property is currently available for sale and was listed by Bright MLS on Jan 18, 2026. The MLS # for this home is MLS# NJSA2014196.