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.
Priced to Sell. Expansive three-story, 5-bedroom, 3-bath home offering tremendous potential for renovation and equity growth. Ideal for investors, contractors, or buyers looking to customize a large home to their vision. Features include 9-foot ceilings, dual staircases, rocking chair front porch, eat-in kitchen, main-level laundry, and generous basement storage. Fully fenced yard with spacious backyard and private parking. With the recent price adjustment, this property presents strong upside potential and is ready for its next chapter. Schedule your showing at 46 Walnut St today.
Salem is located in New Jersey. Salem, New Jersey has a population of 5,237. Salem is less family-centric than the surrounding county with 14.63% of the households containing married families with children. The county average for households married with children is 25.35%.
The median household income in Salem, New Jersey is $26,667. The median household income for the surrounding county is $67,898 compared to the national median of $69,021. The median age of people living in Salem is 32.5 years.
The average high temperature in July is 86.3 degrees, with an average low temperature in January of 24.4 degrees. The average rainfall is approximately 44.9 inches per year, with 16.6 inches of snow per year.
