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2 Family

36 Edison Street

Bloomfield, NJ 07003

MLS#: 26011386

$575,000

Status: Active
Listing number: 26011386
Listing provided by: Keller Williams Valley Realty
Listing agent phone: None
Last update: a day ago
On site: a month ago
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Property

Beds

3

Full Baths

2

1/2 Baths

1

Year Built

None

Sq.Footage

0

Gross rental income is $56,400 with a 7.5% cap rate! Look no further for your next home or investment property! This 2 family property in Bloomfield has a 1 bed/1 bath unit on the first floor, 2 bed/1 bath unit on the second floor, and a detached 2 car garage. You could also live in one apartment and use the other for rental income. There are separate gas and electric meters for the apartments. The heat/hot water are shared with separate thermostats (2nd floor pays) and the landlord pays the water bill. The basement has a shared washer/dryer and all utilities. The two car detached garage is approximately 550 ft with high ceilings and includes usage of the 1/2 bath in the basement. The second floor 2 bedroom apartment is vacant. Schedule your private tour today before it's too late!

Features & Amenities

Interior

  • Total Bedrooms

    3

  • Bathrooms

    2

  • 1/2 Bathrooms

    1

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Pool

    No

Area & Lot

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    2 Family

Price

  • Sales Price

    $575,000

  • Tax Amount

    $8,798

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

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Listing Courtesy of Michael Guarriello , Keller Williams Valley Realty

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Agent Patrick Bolger

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Patrick Bolger

Call Patrick today to schedule a private showing.

(973) 945-9979

patrickbolger@kw.com


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Gross rental income is $56,400 with a 7.5% cap rate! Look no further for your next home or investment property! This 2 family property in Bloomfield has a 1 bed/1 bath unit on the first floor, 2 bed/1 bath unit on the second floor, and a detached 2 car garage. You could also live in one apartment and use the other for rental income. There are separate gas and electric meters for the apartments. The heat/hot water are shared with separate thermostats (2nd floor pays) and the landlord pays the water bill. The basement has a shared washer/dryer and all utilities. The two car detached garage is approximately 550 ft with high ceilings and includes usage of the 1/2 bath in the basement. The second floor 2 bedroom apartment is vacant. Schedule your private tour today before it's too late!

36 Edison Street

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Opportunity meets potential at 223 Montgomery Street, a two-family property offering flexibility, scale, and strong upside in a well-connected Bloomfield location. Ideal for investors seeking a fix-and-flip project or a long-term buy-and-hold asset, this property presents a rare chance to reimagine and add value in a market with continued demand. The home features a spacious layout across multiple levels, with generous room sizes and a functional footprint that allows for a variety of renovation possibilities. A large basement adds additional utility and storage potential, while the overall structure offers the foundation for a compelling transformation. One of the property's standout features is the rare 5-car garage paired with a 5+ car driveway, providing an exceptional amount of parking and storage flexibility seldom found in the area. Conveniently located near Bloomfield Avenue, Garden State Parkway access, NJ Transit options, shopping, restaurants, parks, and local amenities, the property offers strong regional connectivity throughout Essex County and into New York City. CONSTRUCTION loan or CASH purchase only. Whether repositioned for resale or retained as an income-producing asset, 223 Montgomery Street offers a compelling value-add opportunity with substantial potential.
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