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    124-126 Spruce St Bloomfield, NJ 07003

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    For Sale
    $939,000

    Four-family property in Bloomfield with owner-occupancy potential.

    Source: Real

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bloomfield Four Family Investment

    This four-family property is located in a sought-after neighborhood in Bloomfield. The property includes a three-bedroom unit that is currently available, presenting an opportunity for owner-occupancy while generating rental income from the other units. This property is suitable as an investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomfield
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1927196
    Latitude
    40.7969931

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    FAQs

    What type of property is this?
    Quadplex - Four-family property in Bloomfield with owner-occupancy potential.
    Where is this quadplex located?
    The property is located at 124-126 Spruce St Bloomfield, NJ.
    What is the asking price?
    The asking price for this property is $939,000.
    What are key features of this property?
    This property features: - Investment opportunity in a highly sought-after Bloomfield neighborhood.; - Four-family property.; - **One 3-bedroom unit is available for owner occupancy.**
    (732) 757-7251
    Request Owner's contact information
    124-126 Spruce St Bloomfield, NJ 07003
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    Bloomfield, NJ 07003
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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
    124-126 Spruce St Bloomfield, NJ 07003
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