Investor Alert – Turnkey Duplex with Paying Tenants Excellent opportunity to own a fully occupied, side-by-side duplex generating consistent rental income. This well-maintained property is perfect for seasoned investors or owner-occupants looking to offset their mortgage with rental income. Property Highlights: 🔹 Unit 385(Right Side) Not pictured inside: $1,450/month 3 Bedrooms | 1 Bathroom | Large Great Room | Dining Room | Eat-in Kitchen | Basement Storage 🔹 Unit 387 (Left Side) Pictured: $1,300/month 2 Bedrooms | 1 Bathroom | Large Great Room | Den | Eat-in Kitchen | Basement + 2 Attic Storage Areas 🔹 Driveway with Rear Parking + Street Parking 🔹 Both Units Rented to Cash-Paying Tenants Recent Improvements: ✅ Newer Furnaces in both units ✅ Newer Carpets & Fresh Paint throughout ✅ Newer Roof – major systems updated and ready for long-term holding Tenants are in place and pay on time Property is being sold as-is Ideal for investors or owner-occupants Strong cash flow from Day 1 Don’t miss this rare opportunity to own a solid, income-producing asset in turnkey condition. Schedule your showing today! Being sold AS-IS, Where IS
For sale
$225,000
385 Broadway #387, Salem, NJ 08079
5beds
--baths
3,126sqft
Est.:
Duplex
Built in 1870
-- sqft lot
$220,100 Zestimate®
$72/sqft
$-- HOA
What's special
Eat-in kitchenDriveway with rear parkingStreet parkingBasement storageDining roomLarge great room
- 94 days |
- 259 |
- 14 |
Zillow last checked: 9 hours ago
Listing updated: October 18, 2025 at 04:28am
Listed by:
Christine Boysen 609-670-5109,
Vylla Home
Source: Bright MLS,MLS#: NJSA2016172
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Electric Water Heater
Features
- Other
- Has fireplace: No
Interior area
- Total structure area: 3,126
- Total interior livable area: 3,126 sqft
Property
Parking
- Total spaces: 4
- Parking features: Crushed Stone, Driveway, Parking Lot
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Patio & porch: Porch
- Exterior features: Other
- Pool features: None
Lot
- Size: 9,692 Square Feet
- Dimensions: 51.00 x 190.00
- Features: Backs - Open Common Area, Backs to Trees, Rear Yard
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 130007100003
- Zoning: RESIDENTIAL
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Duplex
Materials
- Vinyl Siding
- Foundation: Brick/Mortar
Condition
- New construction: No
- Year built: 1870
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Electricity Available, Cable Available
Community & HOA
Location
- Region: Salem
- Municipality: SALEM CITY
Financial & listing details
- Price per square foot: $72/sqft
- Tax assessed value: $67,000
- Annual tax amount: $5,508
- Date on market: 9/8/2025
- Listing agreement: Exclusive Agency
- Ownership: Fee Simple
Estimated market value
$220,100
$209,000 - $231,000
$1,125/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/18/2025 | Listed for sale | $225,000+50%$72/sqft |
Source:  Bright MLS #NJSA2016172 Report a problem | ||
| 2/28/2023 | Sold | $150,000-3.2%$48/sqft |
Source: Bright MLS #NJSA2003756 Report a problem | ||
| 9/9/2022 | Pending sale | $155,000$50/sqft |
Source: Bright MLS #NJSA2003756 Report a problem | ||
| 8/17/2022 | Listed for sale | $155,000$50/sqft |
Source: Bright MLS #NJSA2003756 Report a problem | ||
| 6/20/2022 | Pending sale | $155,000$50/sqft |
Source: Bright MLS #NJSA2003756 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$1,676/mo
Principal & interest
$1098
Property taxes
$499
Home insurance
$79
Climate risks
Neighborhood: 08079
Nearby schools
GreatSchools rating
- NAJohn Fenwick Elementary SchoolGrades: PK-2Distance: 0.5 mi
- 3/10Salem Middle SchoolGrades: 3-8Distance: 0.6 mi
- 5/10Salem High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- District: Salem City Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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