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545 Mola Blvd #1, Elmwood Park, NJ, 07407

--beds
3baths
0sqft
$1,600,000
--price/sqft
$11,155/moest. monthly cost
$446,200/yrincome needed

About This Home

This mixed-use property is centrally located between several major highways, Route 80, Route 46 & Route 4 as well as the Garden State Parkway! Includes a commercial ground floor unit, currently rented since 2001 for $$6,250/m-m, as a liquor store/deli, lottery, etc. 2nd floor 3/2 apartment, could be for owner or to rent for $2800 m-m + 11 car parking for commercial unit and up to 6 car parking for rental apartment which includes 3 bedrooms, 2 baths, laundry, living room, dining room and eat in kitchen. Kitchen and baths in the apartment have been updated, new appliances. Separate utilities, 1 water bill split between 2 units. Central air in commercial unit, window units on 2nd floor. Driveway for commercial unit was re done in 2020. Rental apartment driveway and retaining wall were re done in 2024. Electrical panels were updated in 2022. Building Insurance, $6,600/yr.

Getting Around

77
WalkingVery Walkable
43
TransitSome Transit
41
BikeSomewhat Bikeable

Schools

4/10
3/10
Memorial Sr High SchoolGrades 9-121.1 mi

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1960

Materials

  • Roof: Flat,Rubber
  • Construction materials: Brick/Block,Concrete

Notable Dates

  • Major remodel year: 2023

Type & Style

  • Home type: Apartment
  • Property subType: Apartment

Interior

Basement

  • Has basement: Yes
  • Basement: Yes,Full,Storage Space,Walk-Out Access

Bedrooms & Bathrooms

  • Bathrooms: 3

Features

  • Door features: Max Door Height: 0,Number of Doors: 0
  • Flooring: Carpet,Concrete,Laminate,Tile

Heating & Cooling

  • Heating features: 2 Units,Forced Air,Natural Gas
  • Cooling features: Central Air,Window Unit(s)

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 1111014080000000030000
  • Attached to another structure: Yes
  • Zoning description: Mixed Use
  • Other equipment: Appliances

Features

  • Stories: 2

Lot

  • Lot size: 0.28 Acres
  • Features: Level,Open Lot,Business District,Freestanding,See Remarks
  • Lot size dimensions: 0.278 AC

Parking

  • Total spaces: 11
  • Parking features: Additional Parking,Blacktop,Driveway-Exclusive,Parking Lot-Exclusive
  • Has garage: Yes
  • Attached garage spaces: 11
  • Covered spaces: 11
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Cold Wave
Earthquake
Heat Wave
Inland Flooding
Lightning
Strong Wind
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $8,090$97,080
Home Insurance *$352$4,224
Property Taxes $2,520$30,240
Electricity $193$2,318
Total$11,155$133,860
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$382,457/yr
40% on housing$334,650/yr
45% on housing$297,466/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.7%
8.7%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 07407$344
Bergen County$633

vs Homes Sold Last Month

Median $/sqft

ZIP 07407$409
Bergen County$452

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-11-15Price change$1,600,000
2025-07-16Listed for sale$1,800,000

For Sale by Agent

AgentBarbara Palko
BrokerageAldo's Realty

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