82 W Broadway - Apartments FOR SALE


Salem, NJ 08079
$799,900 USD
856-981-3033
82 W Broadway, Salem, NJ for Sale
$799,900 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

82 W Broadway
Salem, NJ 08079


OVERVIEW

This six-unit apartment building offers an attractive investment opportunity in Salem, New Jersey. With a current occupancy rate of approximately 70%, the property provides immediate income potential with significant upside through improved management or value-add enhancements. The three-story low-rise building is situated on a 0.65-acre parcel within the RLC (Residence-Limited Commercial) zoning district, allowing for flexible residential uses. Each unit is equipped with essential amenities such as a full kitchen, heating, air conditioning, and in-unit laundry hookups, which support tenant satisfaction and retention. Additional site benefits include off-street parking, tenant-controlled HVAC, and proximity to public transportation options. Located along W Broadway, this property benefits from strong vehicular access and local connectivity. The area provides convenient proximity to retail, services, and major thoroughfares, supporting demand for multifamily housing. Investors seeking a stabilized asset with growth potential in a well-established neighborhood will find this offering highly compelling.

FOR SALE DETAILS

PRICE

$799,900 USD

PRICE/SF

$154 USD /SF

# OF UNITS

6

PRICE/UNIT

$133,317

CAP RATE

Request Cap Rate

% LEASED

70%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1927

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

RLC

APN/PARCEL ID

13-00011-0000-00026

ASK ABOUT THIS PROPERTY

Rick GulloBhhs Fox & Roach-VinelandMore Info
856-981-3033

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Rick GulloBhhs Fox & Roach-VinelandMore Info
856-981-3033

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.