• (215) 790-5501

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87-89 W BROADWAYSALEM, NJ 08079

Multi-Family · 3,152 Sq. ft. | 0.20 Acres
$205,000 ACTIVE

87-89 W BROADWAY Overview

Time on Site:
7 days
Visits:
0

Step into the charm and character of historic Salem with this spacious property at 87 W Broadway, offering over 3,100 square feet of living space in a prime location along one of the city's most recognizable streets. Featuring classic architectural details, generous room sizes, and endless potential, this property is ideal for investors, owner-occupants, or those seeking a unique opportunity to restore and customize a piece of Salem's history. Conveniently located near downtown shops, dining, schools, and local attractions, the home combines historic appeal with everyday accessibility. Whether you're looking for a multi-family investment, income-producing property, or a residence with room to grow, 87 W Broadway presents exceptional value and opportunity in the heart of Salem.

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87-89 W BROADWAY Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,152
  • Price/Sq.ft. $65
  • Lot 0.20 Acres

Details

General

Income/Expenses

  • Existing Lease Type: Ground Lease

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Pool: No Pool
  • Total SQFT: 3152
  • Year Built: 1880

Location/Region

  • Country: US
  • County: SALEM
  • County Or Parish: SALEM
  • MLS Area Major: Salem City (21713)

Parking Information

  • Type of Parking: Driveway

Tax Information

  • County Tax Payment Frequency: Annually
  • Tax Annual Amount: $4,500.00
  • Tax Assessed Value: 56800.00
  • Tax Year: 2024

General Information

  • Property Sub Type: Duplex
  • Property Type: Multi-Family
  • Rent Control: No
  • School District Name: SALEM CITY SCHOOLS
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Zoning: RESIDENTIAL

Unit Information

  • Other Units: Unit 1,Unit 1

Interior

Building Information

  • Cooling Fuel: None
  • Heating Fuel: Natural Gas,Oil

Parking Information

  • Garage: No

Building Exterior/Construction

  • Structure Type: Twin/Semi-Detached

Building Interior

  • Above Grade Finished Area: 3152
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area: 0
  • Below Grade Finished Area Units: Square Feet
  • Central Air: No
  • Hot Water: Electric

General Information

  • Accessibility Features: None
  • Cooling: None
  • Foundation Details: Brick/Mortar
  • Living Area: 3152
  • Living Area Source: Assessor

Unit Information

  • One Bedroom Units Count: 0
  • Single Room Units Count: 0
  • Three Bedroom Units Count: 0
  • Two Bedroom Units Count: 2

Exterior

Lot Information

  • Lot Size Acres: 0.20
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 8555.00
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • View: Garden/Lawn
  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Victorian
  • Construction Materials: Masonry

General Information

  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Other Structures: Above Grade,Below Grade
  • Sewer: Public Sewer
  • Water Access: No

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 2

Unit 2 Details

  • Unit Type: Unit 1
  • Beds Total: 2

87-89 W BROADWAY Neighborhood

Community

08079 (SALEM) Demographics

40
Median Age
98
Population Density (per sq. mile)
24%
College Educated
$42,077
Estimated Median Income
2,379
Estimated Total Home Owners
1,639
Estimated Total Renters
59% / 41%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

87-89 W BROADWAY Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

87-89 W BROADWAY Market Data

Based on the last 30 days in this zip code

$217,443
Average List Price
$117
Average Price per Square Foot
13
Properties Sold
101
Average Days on Market
74
Properties for Sale
Calculations provided by Reliance Network

87-89 W BROADWAY History

Date Event Value Agent
6/23/2026Source: BRIGHT MLS Added to Database
June 23, 2026
12/3/2024Source: BRIGHT MLS Added to Database
August 13, 2021
Listing provided courtesy of EXP Realty, LLC- MLS# NJSA2019352MLS ProviderContact Information: [email protected] - 8662016210