REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

David Ralic

dr@society.realestate +1(856) 229-7094

Listed by Amy Thies • Real Broker, LLC

$225,000

Est. payment - /mo

5,645 SqFt

Save Virtual Tour

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 5,645 sqft

Price per Sqft $39

MLS Listing ID NJSA2018524

Style Colonial

Abv Grd Liv Area 5,645

Year Built 1900

Annual Tax Amount $8,144

Tax Year 2025

Lot Size 0.310 Acres

Acres 0.31

Lot Dimensions 0.00 x 0.00

Property Sub-Type Detached

Source BRIGHT

Property Description

Prime multi-family investment opportunity in the heart of Salem City! This spacious multi-unit property (4 units) offers strong income-producing potential with a total of approximately 10 bedrooms and 5 bathrooms, making it an ideal addition to any investor's portfolio. Located on a well-traveled corridor near downtown amenities, public transportation, and major roadways, the property benefits from consistent rental demand in the area. Recent comparable multi-family sales in the neighborhood and current market trends place similar assets in the $180K–$250K range depending on condition and income potential, highlighting strong upside for renovation or stabilization strategies. With strong square footage and flexible unit configurations, there is significant potential to increase rents and overall property value with updates. Don't miss this chance to secure a value-add multi-family in an evolving market with solid rental demand and upside potential!

Location

State NJ

County Salem

Area Salem City (21713)

Zoning RES

Rooms

Basement Full

Interior

Hot Water Electric

Heating Forced Air

Cooling None

Fireplace N

Heat Source Electric, Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Brick/Mortar

Above Ground Finished SqFt 5645

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade, Below Grade

New Construction N

Schools

Elementary Schools John Fenwick E.S.

Middle Schools Salem M.S.

High Schools Salem H.S.

School District Salem City Schools

Others

Tax ID 13-00065-00028

Ownership Fee Simple

SqFt Source 5645

Acceptable Financing FHA, FHVA, VA, Conventional

Listing Terms FHA, FHVA, VA, Conventional

Financing FHA,FHVA,VA,Conventional

Special Listing Condition Standard

Virtual Tour https://slate-and-serif-studios-llc.aryeo.com/sites/rojkwola/unbranded

Read Less Info

Nearby Locations

GET MORE INFORMATION

David Ralic

+1(856) 229-7094

Broker | License ID: 1435947

Broker License ID: 1435947

315-317 E BROADWAY Salem, NJ 08079

David Ralic

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

GET MORE INFORMATION