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Four-Unit Residential Income Building
For Sale
$999,999

1 Bay Ave, Bloomfield, NJ 07003

Four-family property with three 2-bedroom units and one 3-bedroom unit, plus a brand new sewer line.

Property SizeContact for details
Days on Market51

Property Features for 1 Bay Ave

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Multifamily Units 4

Building Details

Year Built 9999
Listing Agency: REAL
Listed By: PETER TLATELPA · License #2299939
Source: Goldstandardrealty
Added: Jul 21 Changed: Sep 8 Last Checked: Aug 25 at 4:45AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REAL

Investment Insights

Based on property information with market context.

This four-unit residential income building offers a total of four separate apartments. Units 1 through 3 each include 2 bedrooms, 1 full bathroom, a living room, and an eat-in kitchen. Unit 4 provides additional space with 3 bedrooms, 1 full bathroom, a living room, and a kitchen. The property also includes a brand new sewer line.

The asset is listed for sale at 1 Bay Avenue in Bloomfield, NJ 07003.

From a layout perspective, the configuration supports a mix of rental sizes across the four units, with three smaller two-bedroom apartments and one larger three-bedroom unit.

Key Highlights

  • Four‑family property with three 2‑bedroom units and one 3‑bedroom unit
  • Units 1–3 include 2 bedrooms, 1 full bathroom, living room, and eat‑in kitchen
  • Unit 4 includes 3 bedrooms, 1 full bathroom, living room, and kitchen

Property Analytics

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Current Use

Robert M. Gorski, ... Physician

Suggested Use

Top Pick Real Estate Agency Law Firm Bakery Storage Facility (Bike/Boat/Book/etc) Store Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

776
Businesses Nearby

Demographics for 07003, NJ

52,955
Population
21,692
Households
2.4
Avg Household Size
38
Median Age
49%
College-Educated
93%
High-School Grad
5.3 sq mi
ZIP Area
9,992
Density / Sq Mi
$98,805
Median Household Income
$56,465
Median Earnings
$1,775
Median Rent
$447,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four-family property with three 2-bedroom units and one 3-bedroom unit, plus a brand new sewer line.
Where is this quadplex located?
The property is located at 1 Bay Ave Bloomfield, NJ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Four‑family property with three 2‑bedroom units and one 3‑bedroom unit; Units 1–3 include 2 bedrooms, 1 full bathroom, living room, and eat‑in kitchen; Unit 4 includes 3 bedrooms, 1 full bathroom, living room, and kitchen
More about this property
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