Triplex with Private
New
For Sale
$835,000
52 Thomas Street, Bloomfield, NJ 07003
2-4 Family, Bloomfield, NJ
Property Size2,600 SF
Price / SF$321.15
Days on Market6
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Property Features for 52 Thomas Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 6, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 5, Basement, Bathroom 3
Subdivision
Bloomfield
Standard status
Active
Utilities
Cooling system
Central Air, None (Cooling)
Amenities
on-site laundry
Listing Agency:
RE/MAX SELECT - Morristown · RE/MAX International
(973) 539-6300
Listed By:
Nicholas Walsh · License #405956
(908) 233-9292
Added: Oct 10
Changed: Oct 13
Last Checked: Oct 15 at 3:06PM
MLS# 26038691
Copyright © 2026 New Jersey MLS Inc. 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 triplex contains three apartments with a combined 6 bedrooms and 3 full bathrooms across approximately 2,600 square feet. Each residence has a separate laundry unit in the basement. The property is currently occupied by tenants, and a private driveway accommodates up to five vehicles.
The Bloomfield train station is a short walk away. Parks, shopping, dining, and other local amenities are also nearby.
The Bloomfield train station is a short walk away. Parks, shopping, dining, and other local amenities are also nearby.
Key Highlights
- Three‑family property with 6 bedrooms and 3 full bathrooms
- Approximately 2,600 square feet of living space
- All 3 apartments are tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,514
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$870,280
$870.3K
Cap Rate 7%
$621,629
$621.6K
Cap Rate 9%
$483,489
$483.5K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$66.5K $25.56/SF
− Vacancy
−$4.3K −$1.65/SF
EGI
$62.2K $23.91/SF
− OpEx
−$18.6K −$7.17/SF
NOI
$43.5K $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%
$870,280
Cap Rate 7%
$621,629
Cap Rate 9%
$483,489
Alternative Uses
Best Use
Multifamily LT 5
$621.6K
$543.9K – $725.2K
NOI $43,514 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$571.2K
$499.8K – $666.4K
NOI $39,983 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$678.9K
$594.1K – $792.1K
NOI $47,524 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,412
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?
Triplex - Three occupied apartments provide current rental income, with separate laundry facilities serving each unit.
Where is this triplex located?
The property is located at 52 Thomas Street Bloomfield, NJ.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: Three‑family property with 6 bedrooms and 3 full bathrooms; Approximately 2,600 square feet of living space; All 3 apartments are tenant occupied
