**🢠Investment Opportunity - Duplex for Sale!**
📠**77 W Broadway, Salem, NJ 08079**
**Investors, this is the one you've been waiting for!** The only thing being required right now by the Salem Historical Society is the new shutters be installed and the seller will have that done by 7/11/25.
This **duplex** located in the heart of historic Salem, offers solid potential and key updates already in place. Unit one is a 2-bedroom, 1- 2nd-floor unit that offers 2 bedrooms and 1 bathroom, with 2 more bedrooms on the 3rd floor with a bathroom. Also reinforced the structure under the 2nd floor build-out in the dining area. Whether you want to expand your rental portfolio or flip and sell, this property provides a strong foundation.
🛠**Recent Improvements Include:**
✔ **New vinyl windows** throughout the property
✔ **Third full bathroom** added on the 3rd floor - finish work needed
📠*Note: Due to the home's location in Salem's Historic District, communication with the Salem Historical Society is advised for exterior modifications and permits.*
With a bit of finishing work, this property is ready to generate income or deliver value in a growing rental market. Don't miss your chance to own a piece of Salem's charm with modern potential. Potential rent for the first floor would be between $1400-1500, and the 2nd floor, $1900 or more. The garage could be rented out or turned into a laundry.
📞 **Schedule your showing today!**
DAYS ON MARKET
|
30
|
LAST UPDATED
|
7/2/2025
|
YEAR BUILT
|
1840
|
COMMUNITY
|
Salem City (21713)
|
GARAGE SPACES
|
1.0
|
COUNTY
|
SALEM
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
School District |
SALEM CITY SCHOOLS |
Prior to Jun 18, '25
|
$245,000
|
Jun 18, '25 - Jul 2, '25 |
$230,000
|
Jul 2, '25 - Today |
$185,000 |
AIR |
None |
APPLIANCES |
Electric Water Heater, Refrigerator |
AREA |
Salem City (21713) |
CONSTRUCTION |
Asphalt, Brick, Vinyl Siding |
GARAGE |
Yes |
HEAT |
Baseboard, Electric |
LOT |
0.3 acre(s) |
LOT DIMENSIONS |
55.00 x 238.00 |
PARKING |
Garage, Driveway, Detached |
POOL DESCRIPTION |
None |
SEWER |
Public Sewer |
STORIES |
3 |
STYLE |
Colonial |
TAXES |
6520 |
WATER |
Public |
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