77 W BROADWAY new to site Save Request In-Person Tour Request Virtual Tour
Salem,NJ 08079
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,841 sqft
Price per Sqft $86
MLS Listing ID NJSA2015200
Style Colonial
Abv Grd Liv Area 2,841
Year Built 1840
Annual Tax Amount $6,520
Tax Year 2024
Lot Size 0.301 Acres
Acres 0.3
Lot Dimensions 55.00 x 238.00
Property Sub-Type Detached
Source BRIGHT
Property Description
**🏢 Investment Opportunity – Duplex for Sale!**
📍 **77 W Broadway, Salem, NJ 08079**
**Investors, this is the one you've been waiting for!**
This **duplex** located in the heart of historic Salem, offers solid potential and key updates already in place. Unit one is a 2-bedroom, 1- 2nd-floor unit that offers 2 bedrooms and 1 bathroom, with 2 more bedrooms on the 3rd floor with a bathroom. Also reinforced the structure under the 2nd floor build out in the dining area. Whether you want to expand your rental portfolio or flip and sell, this property provides a strong foundation.
🛠 **Recent Improvements Include:**
✔ **New vinyl windows** throughout the property
✔ **Third full bathroom** added on the 3rd floor – finish work needed
📝 *Note: Due to the home's location in Salem's Historic District, communication with the Salem Historical Society is advised for exterior modifications and permits.*
With a bit of finishing work, this property is ready to generate income or deliver value in a growing rental market. Don't miss your chance to own a piece of Salem's charm with modern potential. Potential rent for the first floor would be between $1400-1500, and the 2nd floor, $1900 or more. The garage could be rented out or turned into a laundry.
📞 **Schedule your showing today!**
Location
State NJ
County Salem
Area Salem City (21713)
Zoning RESIDENTIAL
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Inclusions All items not considered sellers personal property
Equipment Refrigerator
Fireplace N
Appliance Refrigerator
Heat Source Electric
Exterior
Parking Features Additional Storage Area
Garage Spaces 1.0
Water Access N
Roof Type Asphalt
Accessibility 2+ Access Exits
Total Parking Spaces 1
Garage Y
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade,Below Grade
Structure Type Dry Wall,Plaster Walls
New Construction N
Schools
School District Salem City Schools
Others
Tax ID 13-00048-00020
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard