49 Fremont St Apartment Building For Sale Bloomfield, NJ 07003

49 Fremont Street presents the opportunity to acquire a licensed 18-room rooming house in Bloomfield, New Jersey. Situated on a residential lot adjacent to Bloomfield College, the property benefits from a location supported by consistent renter demand and proximity to educational, employment, and transportation resources throughout Essex County. The three-story building contains 18 rentable rooms, 5.5 bathrooms, a restricted-access basement with a supplemental kitchen and manager’s quarters, and operates as a legal nonconforming rooming house use within the municipality’s R-1B zoning district.
The asset offers investors an established income-producing property with the potential to increase revenue through operational improvements and selective interior upgrades. Local zoning restrictions prohibit the development of new rooming houses, creating a limited-supply operating environment that enhances the property's unique positioning within the market. The property's location near Route 280, the Garden State Parkway, and NJ Transit services provides convenient regional connectivity for residents traveling throughout Northern New Jersey and the New York metropolitan area.
Bloomfield's proximity to Newark, major employment centers, higher education institutions, and regional transportation infrastructure contributes to the area's ongoing residential demand. The property's adjacency to Bloomfield College provides direct exposure to a substantial population of students, faculty, and staff seeking nearby housing options. Current operations generate documented net operating income while offering future ownership the ability to further enhance performance through property improvements and management strategies focused on room rental optimization.