Rick Gullo

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82 W BROADWAYSALEM, NJ 08079

Commercial · 10 Beds · 0.65 Acres
$850,000 ACTIVE

82 W BROADWAY Overview

Time on Site:
115 days
Visits:
141

Great investment opportunity. Total of 6 apartments. 1 one bedroom unit, 1 two bedroom unit, 3 three bedroom units and 1 four bedroom unit. Each with 1 full bath. 4 units are rented. 4 units have been recently renovated. Owner pays for water/sewer ($1,441.48 per yr), trash, heat and hot water. Tenants pay separate electric.

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82 W BROADWAY Facts & Features

  • Type Commercial
  • Lot 0.65 Acres

Details

General

Income/Expenses

  • Other Expense: 1824.00
  • Fuel Expense: 5419.70
  • Insurance Expense: 5729.98
  • Maintenance Expense: 3600.00

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Year Built: 1927

Business Information

  • Business Type: Apartment Building

Location/Region

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

Parking Information

  • Total Parking Spaces: 12
  • Type of Parking: Parking Lot

Rent/Lease Information

  • Lease Considered: No

Tax Information

  • Tax Annual Amount: $14,236.20
  • Tax Assessed Value: 165000.00
  • Tax Year: 2025

General Information

  • Exclusions: Tenants personal property
  • Property Sub Type: Five Or More Units
  • Property Type: Commercial Sale
  • School District Name: SALEM CITY SCHOOLS
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2026
  • Zoning: RLC

Unit Information

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

Interior

Building Information

  • Cooling Fuel: None
  • Heating Fuel: Natural Gas
  • Total Drive In Doors: 0

Parking Information

  • Garage: No

Building Interior

  • Building Area Source: Estimated
  • Central Air: No
  • Hot Water: Natural Gas

General Information

  • Accessibility Features: None
  • Cooling: None
  • Door Features: Atrium
  • Stories Total: 3

Exterior

Building Information

  • Total Loading Docks: 0

Lot Information

  • Lot Dimensions Source: Assessor
  • Lot Size Acres: 0.65
  • Lot Size Dimensions: 125.00 x 228.00
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 28501.00
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 6
  • Sewer: Public Sewer
  • Water Access: No

Unit Information

Unit 4 Details

  • Unit Type: Unit 1
  • Total Rent: 1300.00
  • Beds Total: 1
  • Baths Total: 1
  • Description: Unit 1A, 2 bedrooms, 1 Bath, Section 8

Unit 3 Details

  • Unit Type: Unit 2
  • Beds Total: 3
  • Baths Total: 1
  • Description: Unit 1B, 4 bedrooms, 1 Bath

Unit 5 Details

  • Unit Type: Unit 3
  • Total Rent: 1500.00
  • Beds Total: 1
  • Baths Total: 1
  • Description: Unit 2A, 3 Bedroom, 1 Bath

Unit 2 Details

  • Unit Type: Unit 4
  • Total Rent: 1650.00
  • Beds Total: 2
  • Baths Total: 1
  • Description: Unit 2B, 3 Bedrooms, 1 Bath

Unit 1 Details

  • Unit Type: Unit 5
  • Total Rent: 1180.00
  • Beds Total: 1
  • Baths Total: 1
  • Description: Unit 3A 1 Bedroom, 1 Bath

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 2
  • Baths Total: 1
  • Description: Unit 3B, 3 bedrooms, 1 Bath

82 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.

82 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.

82 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

82 W BROADWAY History

Date Event Value Agent
3/7/2026Source: BRIGHT MLS Added to Database
March 07, 2026
Rick Gullo
Listing Agent
12/3/2024Source: BRIGHT MLS Added to Database
August 09, 2022
Listing provided courtesy of BHHS Fox & Roach-Vineland- MLS# NJSA2018038MLS ProviderContact Information: [email protected] - 8566910091