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    715 Main St North Caldwell, NJ 07006

    New
    For Sale
    $1,150,000

    Investment - North Caldwell, NJ

    Days on Market:
    3
    Last Refresh:
    Dec 8 at 4:06 am

    Property Features for 715 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Floors in Building
    2
    Number of units
    5
    Architectural style
    Other

    Prominent Properties (201) 795-5200 [email protected]

    Listing agent TAREK HASSIEB (201) 795-5200 License #1648869

    Listing date Dec 6, 2025

    MLS# 250023867 Listing URL

    Copyright © 2025 Hudson County Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    North Caldwell Multifamily Development Opportunity

    Located in North Caldwell, NJ, the property at 715 Main St presents a development opportunity in Essex County. Approved for conversion into a 5-unit residential building, the property sits on a 50' x 100' lot and includes 5 on-site parking spaces. The conversion includes two newly framed two-bedroom units created from former commercial space, in addition to three existing apartments. The buyer will complete the project and secure final permits. The property offers investment versatility, with the option to finish as a turnkey rental asset or pursue a condo conversion. Achievable rental ranges based on current trends include $1,800–$2,400 for 1BR units, $3,000–$3,500 for 2BR units, and $2,800–$3,800 for 3BR units. The property is located in a strategic location with a top-rated school district and strong local demographics.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    North Caldwell
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2818
    Latitude
    40.852

    Nearby Similar for Sale

    • $979,900

      Renovated Freestanding Office Building

      Totally renovated office building with finished basement and parking.
      132 W Greenbrook Rd, North Caldwell, NJ 07006
      View Details

    FAQs

    What type of property is this?
    Apartment building - Approved 5-unit residential building conversion in desirable North Caldwell, NJ.
    Where is this apartment building located?
    The property is located at 715 Main St North Caldwell, NJ.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - Approved for conversion into a 5-unit residential building.; - Located in North Caldwell, NJ, a highly desirable suburban market in Essex County.; - Potential for high rental income, with comparable housing rents averaging $4,200/month.
    (201) 795-5200
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    715 Main St North Caldwell, NJ 07006
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