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  • $499,000

    1040 Bergen St UNIT 1, Newark City, NJ 07112

    --beds
    3baths
    3,600sqft
    : 
    Apartment
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $139/sqft
    $-- HOA

    What's special

    Spacious commercial unitStreet frontage
    Prime Mixed-Use Investment Opportunity in the Growing Weequahic section of Newark, NJ. Discover the potential of this versatile mixed-use building, perfectly positioned in a rapidly developing South Ward. Featuring a ground-floor commercial space and two residential units above, this property offers a fantastic opportunity for investors, business owners, or those looking to add value through renovation. Main Floor: Spacious commercial unit with street frontage ideal for retail, office, or a boutique cafe . Upper Levels: Two residential units, perfect for rental income or live-work flexibility. Opportunity to Add Value: The property needs work, presenting the perfect chance for customization and increased equity. Prime Location: Situated in a high-growth area with rising property values, new developments, and strong rental demand. With the right vision and updates, this property can generate multiple streams of income and become a standout asset in your portfolio. Don't miss this rare investment opportunity!
    40 days
    on Zillow
    |
    93
    |
    2
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    Zillow last checked: 23 hours ago

    Listing updated: March 21, 2025 at 05:12am

    Listed by:

    Cheryl Darmanin 973-783-7400,

    Keller Williams - Nj Metro Group,

    Rashad Davis

    Source: GSMLS,MLS#: 3952043MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 1040 Bergen St UNIT 1.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 3
    Heating
    • 1 Unit, Natural Gas
    Cooling
    • Window Unit(s)
    Features
    • Doors: Max Door Height: 7
    • Basement: Yes,Unfinished
    Interior area
    • Total structure area: 3,600
    • Total interior livable area: 3,600 sqft

    Property

    Parking
    • Parking features: None, On-Street Parking
    • Has uncovered spaces: Yes
    Features
    • Stories: 3
    Lot
    • Size: 2,178 Square Feet
    • Dimensions: 25 x 90.5
    • Features: Business District
    Details
    • Parcel number: 1614036590000000210000
    • Zoning description: RDV
    • Other equipment: See Remarks

    Construction

    Type & style
    • Home type: Apartment
    • Property subtype: Apartment
    • Attached to another structure: Yes
    Materials
    • Wood
    • Roof: Wood Shingle
    Condition
    • Year built: 1920

    Utilities & green energy

    • Gas: Gas In Street
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Gas In Street

    Community & HOA

    Location
    • Region: Newark

    Financial & listing details

    • Price per square foot: $139/sqft
    • Tax assessed value: $185,500
    • Annual tax amount: $7,054
    • Date on market: 3/20/2025
    • Inclusions: Building Only
    • Ownership type: Fee Simple
    • Tenant pays: All Utilities
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