124 Spruce Street, Bloomfield, NJ 07003
MULTI_FAMILY - Bloomfield, NJ
- Added:
- Apr 21, 2026
- Days on Market:
- 68
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 124 Spruce Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 4
- Rooms
- Bedroom 7, Bedroom 6, Bathroom 4, Bedroom 5, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Basement, Bedroom 8, Bedroom 2, Bedroom 3, Bedroom 9, Bathroom 3
- Basement
- Full
- Standard status
- Active
- APN
- 14-02557-0000-00030
- Size
- 3,064 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12285
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Multi Units
- Water source
- Public
Building Details
- Floors in Building
- 1
- Number of units
- 4
Listing agent John Natale License #0790719 (855) 450-0442
Listing office Real Broker, LLC 165 Passaic Ave. Ste 205, HADDON TOWNSHIP, NJ (855) 450-0442
Listing date Apr 21, 2026
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Four‑family investment property with 1 three‑bedroom unit, two two‑bedroom units, and 1 one‑bedroom unit
- Multi‑unit cooling and public utilities with public water and public sewer
- Convenient location near shopping and the Garden State Parkway
- Sold as‑is
Overview
Located in Bloomfield, New Jersey, the property is described as being convenient to shopping and the Garden State Parkway. The listing also notes the home is situated in a highly sought neighborhood, with access to nearby everyday amenities and major regional travel routes.
The unit mix may fit a range of tenant needs, from 1-bedroom households to larger 2- and 3-bedroom arrangements. As a for-sale quadplex, it offers a manageable approach for investors or owner-operators who want to take on a small residential portfolio with a total of four rental units and clear, defined unit bedroom counts. Interested parties should plan to review the property condition and confirm all details through their own due diligence, given the sale is as-is.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.3k | $25.56 |
| − Vacancy | −$5.1k | −$1.65 |
| EGI | $73.3k | $23.91 |
| − OpEx | −$22.0k | −$7.17 |
| NOI | $51.3k | $16.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bloomfield
- County
- Essex
- State
- New Jersey
- Longitude
- -74.192948
- Latitude
- 40.796988
