Renovated Duplex with Finished
For Sale
$799,000
37 Prospect St, Bloomfield, NJ 07003
MULTI_FAMILY - Bloomfield Twp., NJ
Property Size2,224 SF
Lot Size0.08 Acres
Price / SF$359.26
Days on Market42
Property Features for 37 Prospect St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 7, Bathroom 3, Basement, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 5
Interior features
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Directions
Willow St to Prospect St
Standard status
Active
Size
2,224 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11252
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Hot Water(Heating)
Water source
Public
Building Details
Year built
1931
Floors in Building
3
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX CENTRAL · Realty Executives International
(732) 972-1000
Listed By:
RUT OLIVERA · License #2186195
Added: Jun 25
Changed: Aug 3
Last Checked: Aug 5 at 11:06AM
MLS# 4037106
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.
This 2,224-square-foot duplex includes two three-bedroom units within a 1931-built residence. Renovations completed in 2022 added a new roof, electrical system, and plumbing. Each unit has granite countertops, while the finished attic expands the available interior space. The basement provides laundry hookups, and the property includes public water and public sewer service.
Located at 37 Prospect St in Bloomfield Twp., the property sits 0.6 miles from the train station, with shopping, dining, transportation, and local amenities nearby. The 0.08-acre parcel is served by a shingle roof and hot water heating. The property is being sold as-is.
Located at 37 Prospect St in Bloomfield Twp., the property sits 0.6 miles from the train station, with shopping, dining, transportation, and local amenities nearby. The 0.08-acre parcel is served by a shingle roof and hot water heating. The property is being sold as-is.
Key Highlights
- Two‑unit duplex with 3 bedrooms in each unit
- 2,224 square feet on a 0.08‑acre lot
- Renovated in 2022 with new roof, electrical, and plumbing
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 | $56.8k | $25.56 |
| − Vacancy | −$3.7k | −$1.65 |
| EGI | $53.2k | $23.91 |
| − OpEx | −$16.0k | −$7.17 |
| NOI | $37.2k | $16.74 |
2,224 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$531.7K
$465.3K – $620.4K
NOI $37,221 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$488.6K
$427.5K – $570.0K
NOI $34,201 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$580.7K
$508.1K – $677.5K
NOI $40,651 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,351
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units feature granite countertops, basement laundry hookups, and additional finished attic space.
Where is this duplex located?
The property is located at 37 Prospect St Bloomfield, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms in each unit; 2,224 square feet on a 0.08‑acre lot; Renovated in 2022 with new roof, electrical, and plumbing
