124 Spruce Street, Bloomfield, NJ 07003
MULTI_FAMILY - Bloomfield, NJ
- Added:
- Apr 21, 2026
- Days on Market:
- 55
- Last Refresh:
- Jun 14 at 6:06 am
Property Features for 124 Spruce Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 9, Bathroom 4, Basement, Bedroom 8, Bedroom 5, Bedroom 1
- Basement
- Full
- Standard status
- Active
- APN
- 14-02557-0000-00030
- 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
- 1
- Number of units
- 4
Listing agent John Natale License #0790719 (855) 450-0442
Listing office Real Broker, LLC 165 Passaic Ave. Ste 205, HADDON TOWNSHIP, NJ (855) 450-0442
Listing date Apr 21, 2026
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.
HighLights
- Four‑family property in Bloomfield with 1 three‑bedroom unit, two two‑bedroom units, and 1 one‑bedroom unit
- Multi‑unit building with solid rental income reported in the listing
- Public water and public sewer service
- Convenient location near shopping and the Garden State Parkway
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bloomfield
- County
- Essex
- State
- New Jersey
- Longitude
- -74.192948
- Latitude
- 40.796988
