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Licensed Rooming House
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49 Fremont St, Bloomfield, NJ 07003

The grandfathered operation includes 18 rooms and 5.5 bathrooms.

Property Size3,992 SF
Lot Size0.20 Acres
Days on Market3

Property Features for 49 Fremont St

General Information

Standard status Active
Size 3,992 SF
Lot size 0.20 Acres
Property subtype Multifamily
Zoning R-1B
Occupancy 100%

Amenities

Licensed rooming house - 18-rooms, 5.5 bathrooms in 3,992+/- sqft building
Grandfathered, legal non-conforming use in a R1B zone
Well located in a high demand, low vacancy market with 62% of the households are renters
Directly adjacent to the Bloomfield College Campus
Excellent upside through cosmetic renovations

Building Details

Building Size 3,992 SF
Year Built 1900
Units 18
Listing Agency: Marcus & Millichap - New Jersey
Listed By: Kevin Taub · License #License(s): NJ: 1111228
Source: Marcusmillichap
Added: Aug 9 Changed: Aug 10 Last Checked: Aug 11 at 4:40AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - New Jersey

Investment Insights

Based on property information with market context.

This multifamily property is configured as an 18-room licensed rooming house with 5.5 bathrooms. The building contains approximately 3,992 square feet and dates to circa 1900, providing a longstanding residential structure with an established rooming-house configuration.

The property occupies a 0.20-acre parcel at 49 Fremont St in Bloomfield, New Jersey. It is situated within an R-1B zoning district. The license and grandfathered status are key components of the existing use profile.

Key Highlights

  • Licensed, grandfathered rooming house with 18 rooms
  • 5.5 bathrooms within the building
  • 3,992+/- sqft building

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Butcher Tech Support Center Pet Store Pet Store & Service (Bike/Boat/Book/etc) Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,698
Businesses Nearby

Demographics for 07003, NJ

52,955
Population
21,692
Households
2.4
Avg Household Size
38
Median Age
49%
College-Educated
93%
High-School Grad
5.3 sq mi
ZIP Area
9,992
Density / Sq Mi
$98,805
Median Household Income
$56,465
Median Earnings
$1,775
Median Rent
$447,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - The grandfathered operation includes 18 rooms and 5.5 bathrooms.
Where is this apartment building located?
The property is located at 49 Fremont St Bloomfield, NJ.
What are key features of this property?
This property features: Licensed, grandfathered rooming house with 18 rooms; 5.5 bathrooms within the building; 3,992+/- sqft building
More about this property
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