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Two-Unit Victorian Duplex
New
For Sale
$169,000

87-89 W BROADWAY, Salem, NJ 08079

Multi-Family, SALEM, NJ

Property Size3,152 SF
Lot Size0.20 Acres
Price / SF$53.62
Days on Market2

Property Features for 87-89 W BROADWAY

General Information

Property type Residential Multi Family
Property subtype Duplex
Rooms Basement
Parking features Driveway
Elementary school district SALEM CITY SCHOOLS
Middle school district SALEM CITY SCHOOLS
High school district SALEM CITY SCHOOLS
Standard status Active
Size 3,152 SF
Lot size 0.20 Acres

Taxes and HOA fees

Tax Annual Amount 4500

Utilities

Heating system Forced Air

Building Details

Year built 1880
Number of units 2
Building materials Masonry
Architectural style Victorian
Listing Agency: EXP Realty, LLC
Listed By: Peter Boutros · License #1756043
Added: Sep 25 Last Checked: Sep 26 at 10:06PM
MLS# NJSA2020282

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 3,152-square-foot duplex at 87-89 W Broadway in Salem contains two separate residences. Each has two bedrooms, one full bathroom, and one half bathroom. The 1880 building has Victorian architecture, masonry construction, forced-air heating, a basement, and driveway parking; the parcel measures 0.1964 acres.

The property is offered in as-is condition. The buyer is responsible for obtaining the certificate of occupancy and any town certificates.

Key Highlights

  • Two residences, each with 2 bedrooms, 1 full bath, and 1 half bath
  • 3,152 square feet on a 0.1964‑acre parcel
  • Built in 1880 with Victorian style and masonry construction

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Electrical Service Plumbing Service Nail Salon Dental Office Auto Parts Store

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

366
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Duplex - Separate living quarters provide a combined four-bedroom layout with individual kitchens and baths.
Where is this duplex located?
The property is located at 87-89 W BROADWAY Salem, NJ.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms, 1 full bath, and 1 half bath; 3,152 square feet on a 0.1964‑acre parcel; Built in 1880 with Victorian style and masonry construction
More about this property
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