$245,000

77 W BROADWAY, Salem, NJ 08079

  • 2,841 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1840
  • Property Lot Size Icon0.3acre lot
  • Property Parking Icon 1 car garage
  • Property Price Per Square Feet Icon $86/sqft
  • Property List Date Icon Listed 7 days ago

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!**

Listing Status:
Active
Date Added:
June 9, 2025 at 05:00AM
Listing Office:
Exit Homestead Realty Professionals : 8566923948
Listing Agent:
Richard Clarke : 8564699200
MLS ID:
NJSA2015200
  • Appliances: Refrigerator
  • A/C: None
  • Heating: YBaseboard - ElectricElectric
  • Disability Feature: 2+ Access Exits

This listing courtesy of Richard Clarke, Exit Homestead Realty Professionals

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

S

Salem Middle School

51 New Market St, Salem, NJ, 08079

Grades 3-8

0.39 miles away

S

Salem Middle School

51 New Market St, Salem, NJ, 08079

Grades 3-8

0.39 miles away

S

Salem High School

219 Walnut St, Salem, NJ, 08079

Grades 9-12

0.99 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.