2-Unit Duplex with Attached
For Sale
$825,000
163 Baldwin Pl, Bloomfield, NJ 07003
Separate residences offer three- and two-bedroom layouts, with a fenced rear yard for outdoor use.
Property Size4,726 SF
Lot Size0.42 Acres
Price / SF$174.57
Days on Market60
Property Features for 163 Baldwin Pl
General Information
Standard status
Active
Size
4,726 SF
Total Parking Spaces
4
Lot size
0.42 Acres
Property subtype
Multi Family Home
Net Operating Income
$9,999
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
Carbon Monoxide Detector
Fire Extinguisher
Security System
Smoke Detector
Tile Floors
Walk-In Closet
Wood Floors
Deck
Dog Run
Metal Fence
Patio
Sidewalk
Storm Window(s)
Thermal Windows/Doors
Building Details
Building Size
4,726 SF
Year Built
1967
Buildings
1
Units
2
Listing Agency:
Weichert Realtors
(973) 994-4884
Listed By:
Shiena Estelle
(973) 731-6064
Source:
Culturaunitedrealty
Added: Aug 26
Changed: Oct 23
Last Checked: Oct 23 at 4:56PM
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 Weichert Realtors
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Investment Insights
Based on property information with market context.
This 1967 duplex contains two residences totaling five bedrooms and three full bathrooms. The larger unit has three bedrooms, two bathrooms, a kitchen, living and dining rooms, a family room, and recreation space. The second residence includes two bedrooms, one bathroom, an eat-in kitchen, and storage. A finished basement adds recreation space, laundry, storage, and a seasonal closet. An attached two-car garage serves the property.
Set on a 0.42-acre parcel at 163 Baldwin Pl in Bloomfield, the property has a fully fenced rear yard with a depth of 213 feet and a stone patio. Wright Field is a short walk away; shopping, dining, transportation, and major highways are also nearby.
Set on a 0.42-acre parcel at 163 Baldwin Pl in Bloomfield, the property has a fully fenced rear yard with a depth of 213 feet and a stone patio. Wright Field is a short walk away; shopping, dining, transportation, and major highways are also nearby.
Key Highlights
- Two residences: one with 3 bedrooms and 2 full baths; the other with 2 bedrooms and 1 full bath
- Attached 2‑car garage
- Finished basement with recreation room, laundry, storage, and seasonal closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,676
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,453,520
$1.5M
Cap Rate 7%
$1,038,229
$1.0M
Cap Rate 9%
$807,511
$807.5K
Market Conditions
NOI Build-Up for 4,726 SF
Gross rent
$141.8K $30.00/SF
− Vacancy
−$9.6K −$2.04/SF
EGI
$132.1K $27.96/SF
− OpEx
−$59.5K −$12.58/SF
NOI
$72.7K $15.38/SF
Area
Essex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,453,520
Cap Rate 7%
$1,038,229
Cap Rate 9%
$807,511
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$988.7K – $1.32M
NOI $79,095 @ 7.0% cap · market cap 9.59%
Second Best
Apartment 5plus
$1.04M
$908.5K – $1.21M
NOI $72,676 @ 7.0% cap · market cap 8.81%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,384 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,256
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate residences offer three- and two-bedroom layouts, with a fenced rear yard for outdoor use.
Where is this duplex located?
The property is located at 163 Baldwin Pl Bloomfield, NJ.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Two residences: one with 3 bedrooms and 2 full baths; the other with 2 bedrooms and 1 full bath; Attached 2‑car garage; Finished basement with recreation room, laundry, storage, and seasonal closet
