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Three-Unit Triplex Investment Property
For Sale
$849,000

124 Spruce St, Bloomfield, NJ 07003

MULTI_FAMILY - Bloomfield Twp., NJ

Property SizeContact for details
Lot Size0.26 Acres
Days on Market101

Property Features for 124 Spruce St

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Bathrooms 3
Full bathrooms 3
Rooms Basement, Bedroom 5, Bathroom 3, Bedroom 6, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 7, Bedroom 2, Bathroom 1
Directions JFK Pkwy S to Beach to Spruce
Standard status Active
Lot size 0.26 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 19981

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating), Baseboard
Water source Public

Building Details

Year built 1950
Floors in Building 2
Number of units 3
Roof type Shingle
Architectural style Other
Listing Agency: REAL
Listed By: JOHN NATALE · License #0790719
Added: Apr 27 Changed: Aug 3 Last Checked: Aug 5 at 8:06PM
MLS# 4023454

Copyright © 2026 Garden State MLS, LLC. 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 three-unit triplex was built in 1950 and includes one 3-bedroom unit and two 2-bedroom units. The property is offered as-is. Heating is provided by baseboard and hot water systems, and the roof is shingle.

The home is located at 124 Spruce St, Bloomfield Twp., NJ 07003-3516, in Essex County. Public water and public sewer service are available. The area is described as convenient to shopping and the Garden State Parkway.

With its three residential units, the property can be considered for buyers seeking a small multifamily investment with a defined unit mix of one larger bedroom plan and two smaller bedroom plans.

Key Highlights

  • 0.26‑acre lot
  • One 3‑bedroom unit plus two 2‑bedroom units
  • Built in 1950

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Tech Support Center Tattoo & Piercing Shop (Bike/Boat/Book/etc) Store Butcher Pet Store Pet Store & Service

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

Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,643
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

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Triplex - 1950-built triplex with one 3-bedroom unit and two 2-bedroom units, served by public water and public sewer.
Where is this triplex located?
The property is located at 124 Spruce St 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: 0.26‑acre lot; One 3‑bedroom unit plus two 2‑bedroom units; Built in 1950
More about this property
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