125-127 Bloomfield Ave, Newark City, NJ 07104
125-127 Bloomfield Ave, Newark City, NJ 07104
125-127 Bloomfield Ave, Newark City, NJ 07104
125-127 Bloomfield Ave, Newark City, NJ 07104
125-127 Bloomfield Ave, Newark City, NJ 07104
125-127 Bloomfield Ave, Newark City, NJ 07104
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Thomas "Chopper" Russo

Thomas "Chopper" Russo

+1(201) 240-5200
$ 649,000
Est. payment | /mo

614 SqFt

Save
$ 649,000
Est. payment | /mo
Save

614 SqFt

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 614 sqft

Price per Sqft $1,057

MLS Listing ID 4063450

Annual Tax Amount $16,835

Tax Year 2025

Lot Size 3,049 Sqft

Property Sub-Type Mixed Use

Property Description

A five-unit mixed-use building on Bloomfield Avenue in Newark: two street-level commercial spaces and three apartments, offered at $649,000 with two apartments currently collecting month-to-month rent. The three vacant spaces give an investor room to build income. In one projected scenario - the two commercial spaces leased at their advertised $1,600 asking rents and all three apartments at $1,450 a month - the building would gross $90,600 a year, a projected $62,834 of income after listed expenses and a 5% vacancy allowance, a 9.68% projected cap rate at the asking price. That scenario also assumes the two occupied apartments, now $1,000 and $1,100, reach $1,450 - a step that depends on the existing leases and any applicable restrictions, with no guaranteed route.

Location

State NJ

County Essex

Zoning C2

Rooms

Basement Finished

Interior

Heating Gas-Natural, See Remarks

Cooling See Remarks, Window A/C(s)

Equipment Kitchen Area, Restrooms - Private, See Remarks, Smoke Detector, Storage Area(s)

Heat Source Gas-Natural, See Remarks

Exterior

Exterior Feature Brick/Block, Vinyl Siding

Utilities Available All Underground

Roof Type Flat

Garage No

Building

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by PROMINENT PROPERTIES SIR
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Thomas "Chopper" Russo

Thomas "Chopper" Russo

Broker Associate

+1(201) 240-5200

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125-127 Bloomfield Ave

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