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    385-387 E Broadway Salem, NJ 08079

    For Sale
    $225,000

    MULTI_FAMILY - Colonial - SALEM, NJ

    Property size:
    3,126 SF
    Lot size:
    0.22 Acres
    Days on Market:
    55
    Last Refresh:
    Dec 11 at 3:06 pm

    Property Features for 385-387 E Broadway

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking
    4
    Parking features
    Parking Lot, Driveway
    Size
    3,126 SF
    Lot size
    0.22 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1870
    Number of units
    1
    Building materials
    Vinyl Siding
    Architectural style
    Colonial

    Carrington Real Estate Sevices (US), LLC (856) 206-0413 [email protected]

    Listing agent Christine Boysen (609) 670-5109 License #2076943

    Listing date Oct 18, 2025

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Duplex with Paying Tenants

    This well-maintained duplex presents an excellent opportunity for investors or owner-occupants seeking rental income. The property features two units. Unit 385 (right side) rents for $1,450 per month and includes 3 bedrooms, 1 bathroom, a large great room, a dining room, an eat-in kitchen, and basement storage. Unit 387 (left side) rents for $1,300 per month and offers 2 bedrooms, 1 bathroom, a large great room, a den, an eat-in kitchen, a basement, and 2 attic storage areas. Both units are rented to cash-paying tenants. Recent improvements include newer furnaces in both units, newer carpets and fresh paint throughout, and a newer roof. The property includes a driveway with rear parking and street parking. Situated on a 0.22-acre lot, this income-producing asset is being sold as-is. The property size is 3,126 square feet. It is located in Salem, NJ.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Salem
    State
    New Jersey
    Longitude
    -75.46102
    Latitude
    39.56439

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    FAQs

    What type of property is this?
    Duplex - Fully occupied duplex generating consistent rental income, ideal for investors.
    Where is this duplex located?
    The property is located at 385-387 E Broadway Salem, NJ.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Turnkey duplex generating consistent rental income.; - Strong cash flow from day 1, ideal for investors or owner-occupants.; - Currently rented, with a total monthly income of $2,750.
    (609) 670-5109
    Request Owner's contact information
    385-387 E Broadway Salem, NJ 08079
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    Salem, NJ 08079
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    385-387 E Broadway Salem, NJ 08079
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