839-845 Sanford Avenue, Newark, NJ 07106
Local realty services provided by:Better Homes and Gardens Real Estate Realty Connect
839-845 Sanford Avenue,Newark, NJ 07106
$2,000,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: donna schmiede
Office: all-city realty908-251-5530
MLS#:26027400
Source:NJ_MLS
Price summary
- Price:$2,000,000
About this home
Exceptional Turnkey 12-Unit Mixed-Use Investment Opportunity! 835-839 Sanford Ave. Meticulously maintained and proudly owned by the same family for over 40 years, this all-brick mixed-use building has been thoughtfully renovated and impeccably cared for. The property features 6 commercial storefronts and 6 residential apartments, with long-term tenants and established businesses creating a strong, diversified income stream in a prime location near the Maplewood border. Current gross income is strong, with excellent upside through rent optimization. All tenants, including the owner's unit, are on month-to-month leases, providing flexibility for investors. Additional income OPPORTUNITIES include 7 fenced rentable parking spaces, coin-operated laundry, and individual tenant storage units. The property also offers a high-ceiling, semi-finished walkout basement with front and rear access, ideal for storage or additional utility space. Capital improvements include a roof with a 5-year warranty, newer windows, new steel lintels, professionally sealed exterior brick, and sealed basement walls. The fully fenced rear yard features gated access from Sanford Place. A rare opportunity to acquire an exceptionally maintained mixed-use asset offering stable cash flow, value-add potential, and long-term appreciation in one of the area's most desirable investment corridors....
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Home facts
- Listing ID #:26027400
- Added:56 day(s) ago
- Updated:September 16, 2026 at 03:47 PM
Finances and disclosures
- Price:$2,000,000
- Tax amount:$26,650
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