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Four-Unit Downtown Quadplex
For Sale
$190,000

315 E Broadway, Salem, NJ 08079

Historic multifamily building with four residential units in downtown Salem, New Jersey.

Property Size5,645 SF
Price / SF$33.66
Days on Market42

Property Features for 315 E Broadway

General Information

Standard status Active
Size 5,645 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 4

Building Details

Year Built 1900
Listing Agency: Keller Williams - Main Street
Listed By: Michael Stollenwerk
Source: Bernadetteaugello
Added: Jul 20 Changed: Aug 30 Last Checked: Aug 30 at 9:05AM

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 Keller Williams - Main Street

Investment Insights

Based on property information with market context.

This four-unit quadplex contains 5,645 square feet across a multifamily property at 315 E Broadway in Salem, New Jersey. The building dates to 1900 and is classified as a quadplex, making its four-unit configuration the central property feature.

Located in downtown Salem, the property provides a residential income asset within the city’s established downtown setting. The address places the building on E Broadway, offering a clearly identified location for evaluating its existing multifamily layout and investment use.

Key Highlights

  • Four‑unit quadplex configuration
  • 5,645 square feet of building area
  • Built in 1900

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Parking Lot & Garage Dental Office Electrical Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

403
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Historic multifamily building with four residential units in downtown Salem, New Jersey.
Where is this quadplex located?
The property is located at 315 E Broadway Salem, NJ.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Four‑unit quadplex configuration; 5,645 square feet of building area; Built in 1900
More about this property
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