385-387 E BROADWAY Salem, NJ 08079
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,126 sqft
Price per Sqft $71
MLS Listing ID NJSA2016172
Style Colonial
Abv Grd Liv Area 3,126
Year Built 1870
Annual Tax Amount $5,508
Tax Year 2024
Lot Size 9,692 Sqft
Acres 0.22
Lot Dimensions 51.00 x 190.00
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
Excellent opportunity to own a fully occupied, side-by-side duplex generating consistent rental income. This well-maintained property is perfect for seasoned investors or owner-occupants looking to offset their mortgage with rental income.
Property Highlights:
🔹 Unit 385(Right Side) Not pictured inside: $1,450/month 3 Bedrooms | 1 Bathroom | Large Great Room | Dining Room | Eat-in Kitchen | Basement Storage
🔹 Unit 387 (Left Side) Pictured: $1,300/month 2 Bedrooms | 1 Bathroom | Large Great Room | Den | Eat-in Kitchen | Basement + 2 Attic Storage Areas
🔹 Driveway with Rear Parking + Street Parking
🔹 Both Units Rented to Cash-Paying Tenants
Recent Improvements:
✅ Newer Furnaces in both units
✅ Newer Carpets & Fresh Paint throughout
✅ Newer Roof – major systems updated and ready for long-term holding
Tenants are in place and pay on time
Property is being sold as-is
Ideal for investors or owner-occupants
Strong cash flow from Day 1
Don't miss this rare opportunity to own a solid, income-producing asset in turnkey condition. Schedule your showing today! Being sold AS-IS, Where IS
Location
State NJ
County Salem
Area Salem City (21713)
Zoning RESIDENTIAL
Interior
Interior Features Other
Hot Water Electric
Heating Forced Air
Cooling Window Unit(s)
Fireplace N
Heat Source Natural Gas
Exterior
Exterior Feature Porch(es)
Garage Spaces 4.0
Utilities Available Natural Gas Available, Electric Available, Cable TV Available
Water Access N
Accessibility None
Porch Porch(es)
Total Parking Spaces 4
Garage N
Building
Lot Description Backs - Open Common Area, Backs to Trees, Rear Yard
Foundation Brick/Mortar
Above Ground Finished SqFt 3126
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Salem City Schools
Others
Tax ID 13-00071-00003
Ownership Fee Simple
SqFt Source 3126
Special Listing Condition Standard
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