Two-Unit Multifamily
For Sale
$869,000
237 EAST PASSAIC AVE, Bloomfield, NJ 07003
Two-unit property with income potential on a half-acre lot.
Property SizeContact for details
Lot Size0.50 Acres
Days on Market164
Property Features for 237 EAST PASSAIC AVE
General Information
Standard status
Active
Lot size
0.50 Acres
Property subtype
Multi-Family
Amenities
A/C Window
Baseboard
Gas
Radiators
Steam
Listing Agency:
NJ Metro Group LLC
(201) 306-0267
Listed By:
Tamima Friedman · License #0338651
(201) 306-0267
Source:
Kw
Added: Feb 28
Changed: Aug 8
Last Checked: Aug 8 at 11:56AM
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 NJ Metro Group LLC
Investment Insights
Based on property information with market context.
This two-unit multifamily property is situated on a half-acre lot. The property includes a shared foyer providing access to two distinct units, one on each floor, as well as a boarder apartment on the third floor. The first-floor unit features two bedrooms and one bathroom, updated with original molding and hardwood throughout the living area and bedrooms. The eat-in kitchen includes updated appliances, countertops, and ample storage. Kitchen sliders provide access to a deep yard and a large blacktop with space for six cars. The second-floor unit, freshly painted, features two bedrooms, two bathrooms, a modern kitchen, and a bonus space suitable for an office or den off the primary bedroom. The third floor is configured as a boarder unit with one bedroom and one bathroom, which could be combined with the second-floor unit or remain an income-generating apartment. Laundry is located in the basement. Recent upgrades include two new hot water heaters, a new furnace, and a chimney liner in 2023/24. The property offers opportunities for owner-occupiers and investors.
Key Highlights
- Income‑producing multi‑family property with owner‑occupier potential.
- Two updated units: 2‑bedroom, 1‑bath unit on the first floor and a freshly painted 2‑bedroom, 2‑bath unit on the second floor.
- Large, deep half‑acre lot with a spacious yard and ample parking for 6 cars.**
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
792
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
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two-unit property with income potential on a half-acre lot.
Where is this multifamily property located?
The property is located at 237 EAST PASSAIC AVE Bloomfield, NJ.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Income‑producing multi‑family property with owner‑occupier potential.; Two updated units: **2‑bedroom, 1‑bath unit on the first floor and a freshly painted 2‑bedroom, 2‑bath unit on the second floor.**; Large, deep half‑acre lot with a spacious yard and ample parking for 6 cars.**
