Duplex with Finished
New
For Sale
$799,900
224 Montgomery St, Bloomfield, NJ 07003
Multi-Family, 3-Three Story, Under/Over, Bloomfield Twp., NJ
Property Size2,491 SF
Lot Size0.08 Acres
Price / SF$321.12
Days on Market2
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Property Features for 224 Montgomery St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-1B
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 2, Basement
Parking
2
Patio and Porch features
Patio, Porch
Interior features
Fire Extinguisher
Exterior features
Open Porch(es), Patio, Privacy Fence
Fencing
Privacy
Subdivision
Montgomery St
Lot features
Level Lot
Elementary school
FAIRVIEW
Middle school
BLOOMFIELD
High school
BLOOMFIELD
Directions
GPS 224 Montgomery St, Bloomfield. Franklin St to Montgomery St, home is on the right. Bloomfield to Municipal Plaza to Montgomery.
Standard status
Active
Size
2,491 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12563
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Steam
Water source
Public
Amenities
backyard
laundry facilities
Building Details
Year built
1909
Floors in Building
3
Number of units
2
Roof type
Rubber, Shingle
Architectural style
Other
Listing Agency:
REAL
(855) 450-0442
Listed By:
KIRILL D. IVANOV
Added: Oct 14
Last Checked: Oct 15 at 2:06PM
MLS# 4059034
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.
At 224 Montgomery St, this 1909 duplex contains 2,491 square feet on a 0.08-acre lot. The first-floor residence has one bedroom, a full bathroom, a full kitchen, and separate front and rear entrances. The other residence spans the second and third floors, with three bedrooms, a full bathroom, and a remodeled eat-in kitchen equipped with stainless steel appliances. Hardwood flooring and natural light are noted throughout the living areas.
The finished basement adds a full bathroom, den, laundry area, and space for storage or workshop use, with a walkout exit nearby. Outdoor features include a porch, patio, and privacy fence. Public water and sewer serve the property, which is zoned R-1B. Major commuter routes, shopping, dining, and public transportation are nearby.
The finished basement adds a full bathroom, den, laundry area, and space for storage or workshop use, with a walkout exit nearby. Outdoor features include a porch, patio, and privacy fence. Public water and sewer serve the property, which is zoned R-1B. Major commuter routes, shopping, dining, and public transportation are nearby.
Key Highlights
- Two‑unit duplex with 2,491 square feet of interior space
- 0.08‑acre lot in Bloomfield Township, New Jersey
- Upper residence spans two levels and includes 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
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Current Use
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
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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 - Two residences offer distinct layouts, with the upper home extending across the second and third floors.
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: Two‑unit duplex with 2,491 square feet of interior space; 0.08‑acre lot in Bloomfield Township, New Jersey; Upper residence spans two levels and includes three bedrooms
