Three-Bedroom Duplex with Finished
For Sale
$799,900
224 Montgomery St, Bloomfield, NJ 07003
A remodeled upper residence and a separate first-floor apartment provide two distinct living spaces.
Property Size2,491 SF
Price / SF$321.12
Days on Market9
Property Features for 224 Montgomery St
General Information
Standard status
Active
Size
2,491 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Zoning
R-1B
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
Fire Extinguisher
Open Porch(es)
Patio
Privacy Fence
See Remarks
Building Details
Building Size
2,491 SF
Year Built
1909
Units
2
Listing Agency:
Real
(855) 450-0442
Listed By:
Kirill D. Ivanov
Source:
Cammarotarealestate
Added: Oct 14
Changed: Oct 22
Last Checked: Oct 22 at 2:32PM
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 Real
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,491-square-foot duplex, built in 1909, contains two residences. The first-floor apartment has one bedroom, a full bathroom, a full-sized kitchen, and separate front and rear entrances. The upper residence spans the second and third floors, with one bedroom and a full bathroom on the second level and two more bedrooms above. Its remodeled eat-in kitchen includes a gas stove, refrigerator, microwave, and dishwasher. Hardwood floors and natural light are present in the living areas.
The finished basement adds a full bathroom, den, laundry facilities, and space for workshop or storage use, with a walkout exit. The property is zoned R-1B and is located in Bloomfield, near commuter routes, shopping, dining, and public transportation.
The finished basement adds a full bathroom, den, laundry facilities, and space for workshop or storage use, with a walkout exit. The property is zoned R-1B and is located in Bloomfield, near commuter routes, shopping, dining, and public transportation.
Key Highlights
- 2,491‑square‑foot duplex built in 1909
- Two residences, including a first‑floor unit with private front and rear entrances
- Upper residence spans two floors and has three bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,690
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,800
$833.8K
Cap Rate 7%
$595,571
$595.6K
Cap Rate 9%
$463,222
$463.2K
Market Conditions
NOI Build-Up for 2,491 SF
Gross rent
$63.7K $25.56/SF
− Vacancy
−$4.1K −$1.65/SF
EGI
$59.6K $23.91/SF
− OpEx
−$17.9K −$7.17/SF
NOI
$41.7K $16.74/SF
Area
Essex County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,800
Cap Rate 7%
$595,571
Cap Rate 9%
$463,222
Alternative Uses
Best Use
Multifamily LT 5
$595.6K
$521.1K – $694.8K
NOI $41,690 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$547.2K
$478.8K – $638.5K
NOI $38,307 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$650.4K
$569.1K – $758.9K
NOI $45,531 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,694
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A remodeled upper residence and a separate first-floor apartment provide two distinct living spaces.
Where is this duplex located?
The property is located at 224 Montgomery St Bloomfield, NJ.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 2,491‑square‑foot duplex built in 1909; Two residences, including a first‑floor unit with private front and rear entrances; Upper residence spans two floors and has three bedrooms
