Three-Unit Residential Income
124 Spruce Street Bloomfield, NJ 07003
For Sale
$849,000
MULTI_FAMILY - Bloomfield, NJ
Property Size3,064 SF
Lot Size0.07 Acres
Price / SF$277.09
Days on Market100
Property Features for 124 Spruce Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
3
Rooms
Bedroom 7, Bedroom 4, Basement, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 3
Basement
Full
Standard status
Active
APN
02-00282-0000-00029
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
2
Number of units
3
Listing Agency:
Real Broker, LLC- Fairfield
(855) 450-0442
Listed By:
John Natale · License #0790719
(855) 450-0442
Added: Apr 21
Changed: Jul 23
Last Checked: Jul 29 at 6:06AM
MLS# 22611143
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.
Investment Insights
Based on property information with market context.
This property is a three-unit residential income building offering a practical unit mix for tenants and investors. The layout includes one 3-bedroom unit and two 2-bedroom units. The property is being sold as-is.
Located at 124 Spruce Street in Bloomfield, New Jersey, the building is described as conveniently positioned for area shopping. It is also noted as being near the Garden State Parkway, supporting day-to-day commuting and access.
For buyers seeking a multi-family investment, the confirmed unit configuration provides flexibility through a combination of larger and more standard bedroom counts across the three units. As presented in the remarks, the sale is structured as an as-is transaction, so prospective purchasers should plan for their own due diligence regarding condition and any required updates. The property is also listed with a small lot size and an overall building size of 3,064 square feet, providing a compact footprint for a triplex in the Bloomfield area.
Located at 124 Spruce Street in Bloomfield, New Jersey, the building is described as conveniently positioned for area shopping. It is also noted as being near the Garden State Parkway, supporting day-to-day commuting and access.
For buyers seeking a multi-family investment, the confirmed unit configuration provides flexibility through a combination of larger and more standard bedroom counts across the three units. As presented in the remarks, the sale is structured as an as-is transaction, so prospective purchasers should plan for their own due diligence regarding condition and any required updates. The property is also listed with a small lot size and an overall building size of 3,064 square feet, providing a compact footprint for a triplex in the Bloomfield area.
Key Highlights
- Three‑family property in Bloomfield with one 3‑bedroom unit and two 2‑bedroom units
- Rental income already in place with the current unit mix: 3BR + 2x 2BR
- Public water and public sewer
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 |
3,064 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$732.6K
$641.0K – $854.7K
NOI $51,280 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$673.1K
$589.0K – $785.3K
NOI $47,118 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$800.1K
$700.1K – $933.4K
NOI $56,005 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Triplex offering one three-bedroom unit and two two-bedroom units in Bloomfield, sold as-is.
Where is this triplex located?
The property is located at 124 Spruce Street Bloomfield, NJ.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Three‑family property in Bloomfield with one 3‑bedroom unit and two 2‑bedroom units; Rental income already in place with the current unit mix: 3BR + 2x 2BR; Public water and public sewer
