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!As-Is ConditionSeller makes no warranties regarding C/O, outstanding Violations, OccupantsNo ContingenciesOpen/Outstanding Real Estate Taxes and/or Water/Sewer liens to be paid by Seller at ClosingANS Title required for Title Insurance
Active
Price cut: $36K (7/1)
$329,000
1040 Bergen St #1, Newark City, NJ 07112
--beds
3baths
3,600sqft
Est.:
Apartment
Built in 1920
-- sqft lot
$-- Zestimate®
$91/sqft
$-- HOA
What's special
Ground-floor commercial spaceSpacious commercial unitTwo residential unitsStreet frontage
- 138 days
- on Zillow |
- 271 |
- 21 |
Zillow last checked: 15 hours ago
Listing updated: July 18, 2025 at 04:12am
Listed by:
Cheryl Darmanin 973-783-7400,
Keller Williams - Nj Metro Group,
Rashad Davis
Source: GSMLS,MLS#: 3952043

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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: $91/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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