839-845 Sanford Avenue Newark, NJ 07106
Listing Courtesy of: MLS LogoNJMLS / Listed By: Donna Schmiede, All-City Realty

  839-845 Sanford Avenue Newark, NJ 07106

Active (1 Days)
$2,000,000 (USD)

Description

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.

MLS #:
26027400
Type
Multifamily
County
Essex County

Listed By

Donna Schmiede, All-City Realty
Source
NJMLS
Last checked Jul 21 2026 at 7:18 PM GMT+0000
Bathroom Details
Exterior Features
  • Roof: Asphalt
Location
   
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All information deemed reliable but not guaranteed. Last Data Updated: 7/21/26 12:18.
Source: New Jersey Multiple Listing Service. Inc.
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