Six-Unit Residential Income
For Sale
$799,000
82 W Broadway, Salem, NJ 08079
Six apartments with 1, 2, 3, and 4-bedroom units, four with recent renovations, four currently rented.
Property SizeContact for details
Days on Market38
Property Features for 82 W Broadway
General Information
Standard status
Active
Occupancy
67%
Additional Details
Multifamily Units
6
Building Details
Year Built
1927
Listing Agency:
BHHS Fox & Roach-Vineland
(856) 981-3033
Listed By:
Rick Gullo · License #447196
Source:
Kandorre
Added: Jul 18
Changed: Aug 23
Last Checked: Aug 24 at 10:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Fox & Roach-Vineland
Investment Insights
Based on property information with market context.
This residential income property consists of six apartments. Unit mix includes one one-bedroom, one two-bedroom, three three-bedroom, and one four-bedroom apartment. Each unit has one full bathroom. Four of the six units are currently rented, and four units have been recently renovated.
The owner pays for water/sewer, trash, heat, and hot water, while tenants are responsible for separate electric. Additional operating details provided include annual water/sewer expense of $1,441.48 per year.
The property is being offered for sale as a turnkey rental asset with an existing rented component and a recently updated portion of the unit inventory.
The owner pays for water/sewer, trash, heat, and hot water, while tenants are responsible for separate electric. Additional operating details provided include annual water/sewer expense of $1,441.48 per year.
The property is being offered for sale as a turnkey rental asset with an existing rented component and a recently updated portion of the unit inventory.
Key Highlights
- Six‑apartment building with unit mix of 1 one‑bedroom, 1 two‑bedroom, 3 three‑bedroom, and 1 four‑bedroom unit.
- Each apartment includes 1 full bath.
- 4 of the 6 units are currently rented.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
66.7%
Occupancy
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Explore this area
Business Placement
Demographics for 08079, NJ
10,793
Population
5,213
Households
2.1
Avg Household Size
40
Median Age
19%
College-Educated
87%
High-School Grad
88.7 sq mi
ZIP Area
122
Density / Sq Mi
$60,375
Median Household Income
$46,345
Median Earnings
$1,057
Median Rent
$180,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six apartments with 1, 2, 3, and 4-bedroom units, four with recent renovations, four currently rented.
Where is this apartment building located?
The property is located at 82 W Broadway Salem, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Six‑apartment building with unit mix of 1 one‑bedroom, 1 two‑bedroom, 3 three‑bedroom, and 1 four‑bedroom unit.; Each apartment includes 1 full bath.; 4 of the 6 units are currently rented.
