$88,000
●
House -
Off Market
266 E BROADWAY
SALEM, NJ 08079
2 Beds
2 Baths
1,865 Ft²
$462
Est. Monthly
About This Property
Nestled conveniently on the corner of Rt 49 and 9th St sits 266 E
Broadway! Discover the convenience of having easy access to a major
road and close proximity to Delaware while taking advantage of the
low taxes in Salem City. This home has 3 bedrooms and 2 bathrooms,
with a full bath being located on each floor. The kitchen has
plenty of space to eat-in, and you'll still have a living room and
spare room that exude natural light. There are three bedrooms and a
full bathroom upstairs. The back bedroom has two closets for all of
your storage needs. You'll also find a storage nook for additional
space. Enjoy easy living at this home while being located near
Inspira Medical Center Salem, local eateries, and Oakwood Beach.
Schedule your appointment today!
Unit Size
1,865 Ft²
Days on Market
71 days
Land Size
0.12 acres
Price per sqft
$50
Property Type
House
Property Taxes
$282
HOA Dues
-
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (Bright MLS #NJSA2011832)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 2, 2024 | Sold | ||
| Sold | |||
| Aug 7, 2024 | Listed by Real Broker, LLC | $94,000 | |
| Listed by Real Broker, LLC | |||
| Sep 17, 2021 | Sold | ||
| Sold | |||
| Jul 20, 2021 | Listed by Exit Homestead Realty Professi | $60,000 | |
| Listed by Exit Homestead Realty Professi | |||
| | |||
|
Investors bring your imaginations this could be a good opportunity to add to your portfolio. Home offers 3 BR and 2 bathrooms. There was a barbershop located at the front of the home at one time. Seller is willing to bundle with NJSA2000452 and NJSA2000458. Properties are being sold strictly in as is condition buyer is responsible for certificate of Occupancy, any inspections are for buyers information only. More Pictures to come
| |||
| Oct 18, 2018 | Sold | ||
| Sold | |||
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About Salem
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Listed by: Bradley Perez
Real Broker, LLC
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# NJSA2011832
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Real Broker, LLC
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# NJSA2011832
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