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    575 Bergen St Newark, NJ 07108

    For Sale
    $659,000

    Multi-unit property in Newark, ideal for owner-occupants or investors.

    Lot size:
    0.06 Acres

    Property Features for 575 Bergen St

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1999

    Source: COLDWELL BANKER REALTY Agent VICTORIA AFIA AGYEMAN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newark Multi-Unit Income Property

    This multi-unit property is suitable for owner-occupants seeking flexibility and income, or for use as a full rental investment. The first unit includes 3 bedrooms and one bathroom, with closet space. The second unit features 3 bedrooms and 2 bathrooms, including an ensuite. Central heating and air conditioning are installed for comfort. An enclosed built-in garage is included, along with two additional parking spaces. Washer and dryer hookups are available in each unit. The property is located minutes from Newark Penn Station, providing direct access to NYC. It is also near three major colleges and offers convenient access to I-21, I-78, and US-1 highways. The property is located in Newark's vibrant community.
    Location Intelligence

    Current Use by Public Records

    Exotic Chics N ... Beauty Supply Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1990273
    Latitude
    40.7246395

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    FAQs

    What type of property is this?
    Duplex - Multi-unit property in Newark, ideal for owner-occupants or investors.
    Where is this duplex located?
    The property is located at 575 Bergen St Newark, NJ.
    What is the asking price?
    The asking price for this property is $659,000.
    What are key features of this property?
    This property features: - Income-generating multi-unit property ideal for owner-occupants or investors.; - Conveniently located minutes from Newark Penn Station with direct access to NYC.; - Close proximity to three major colleges and major highways (I-21, I-78, US-1).
    (973) 378-8300
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    575 Bergen St Newark, NJ 07108
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    Newark, NJ 07108
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    575 Bergen St Newark, NJ 07108
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