Three-Unit Residential
For Sale
$240,000
371 East Broadway, Salem, NJ 08079
Residential income property with two occupied units, a four-bedroom unit, and an as-is sale condition.
Property Size3,440 SF
Price / SF$69.77
Days on Market241
Property Features for 371 East Broadway
General Information
Standard status
Active
Size
3,440 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RESIDENTIAL
Units
Unit Mix
1 x 2BR, 1 x 1BR, 1 x 4BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,694
Amenities
No
32"+ wide Doors
No Pool
Above Grade, Below Grade
Building Details
Year Built
1900
Listing Agency:
Homestarr Realty
(856) 889-0948
Listed By:
James Thomas Fisher Jr. · License #2184607
(856) 889-0948
Source:
Compass
Added: Jan 2
Changed: Aug 30
Last Checked: Aug 30 at 8:00PM
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 Homestarr Realty
Investment Insights
Based on property information with market context.
This three-unit residential property contains 3,440 square feet and was built in 1900. The unit mix includes 2-bedroom, 1-bedroom, and 4-bedroom apartments. Two units are currently rented: the 2-bedroom apartment is on a month-to-month lease, while the 1-bedroom apartment is leased through 10/2026. The 4-bedroom unit is scheduled to become vacant on 1/31/2026.
The property is located at 371 East Broadway in Salem, NJ, within the Salem City Schools district and under RESIDENTIAL zoning. The sale is offered in as-is condition, with the buyer responsible for obtaining the CO. Interior features include 32"+ wide doors, and the property has both above-grade and below-grade areas.
The property is located at 371 East Broadway in Salem, NJ, within the Salem City Schools district and under RESIDENTIAL zoning. The sale is offered in as-is condition, with the buyer responsible for obtaining the CO. Interior features include 32"+ wide doors, and the property has both above-grade and below-grade areas.
Key Highlights
- 3,440‑square‑foot triplex built in 1900
- Three‑unit layout with 2‑bedroom, 1‑bedroom, and 4‑bedroom units
- Two of 3 units rented; 2‑bedroom unit is month‑to‑month
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
367
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?
Triplex - Residential income property with two occupied units, a four-bedroom unit, and an as-is sale condition.
Where is this triplex located?
The property is located at 371 East Broadway Salem, NJ.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 3,440‑square‑foot triplex built in 1900; Three‑unit layout with 2‑bedroom, 1‑bedroom, and 4‑bedroom units; Two of 3 units rented; 2‑bedroom unit is month‑to‑month
