1040 Bergen St | Newark City

$499,000 | 3 Baths (3 Half) | 3,600 Sq. Ft.

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! GSMLS 3952043

Directions to property: 78 East to Irvington to Chancellor to Bergen.

MLS Listing ID: 
GSMLS 3952043
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Building Details
Details about the building on a property.
Stories: 
3
Year Built: 
1920
Living Area: 
3,600
Basement: 
Unfinished
Construction
Construction Materials: 
Wood
Roof: 
Wood Shingle
Exterior: 
Vinyl Siding
Energy Information: 
Gas In Street
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
3
Total Half-Bathrooms: 
3
Utilities
Information about utilities available on the property.
Heating System: 
1 Unit
Heating System Fuel: 
Gas-Natural
Cooling System: 
Window A/C(s)
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.05
Lot Size (Dimensions): 
25X90.5
Waterfront: 
0
Lot Features
Driveway: 
None, On-Street Parking
Parking Type: 
None, On-Street Parking
Total Parking Spaces: 
0
Public Record
Parcel Number: 
1614-03659-0000-00021-0000-
Lot Number: 
21
Annual Tax: 
$7,054.00
Property Zoning: 
RDV
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
3/20/2025
Contract Details
Details about the listing contract.
Inclusions: 
Building Only
Possession: 
Immediate
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
KELLER WILLIAMS - NJ METRO GROUP