Tenant-Occupied
For Sale
$850,000
52 Thomas St, Bloomfield, NJ 07003
Three separate laundry units and private driveway parking complement the existing three-apartment configuration.
Property Size2,600 SF
Price / SF$326.92
Days on Market50
Property Features for 52 Thomas St
General Information
Standard status
Active
Size
2,600 SF
Total Parking Spaces
5
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
3
Amenities
laundry
Building Details
Year Built
1930
Tenancy
Multi
Listing Agency:
RE/MAX SELECT
Listed By:
NICHOLAS WALSH · License #405956
(908) 233-9292
Source:
Goldstandardrealty
Added: Sep 13
Changed: Oct 25
Last Checked: Nov 1 at 12:56PM
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 RE/MAX SELECT
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Investment Insights
Based on property information with market context.
This three-unit residential property contains approximately 2,600 square feet of living area, with a combined layout of 6 bedrooms and 3 full bathrooms. Constructed in 1930, the building includes a basement with three individual laundry units, assigned one per apartment. All three apartments are currently occupied by tenants, and the private driveway accommodates parking for up to five vehicles.
The property is located at 52 Thomas St in Bloomfield Township, New Jersey. Bloomfield train station is within a short walk, with parks, shopping, dining, and other local amenities also situated nearby. The combination of an established three-unit format, dedicated laundry facilities, on-site driveway parking, and current occupancy provides a clearly defined multifamily property profile.
The property is located at 52 Thomas St in Bloomfield Township, New Jersey. Bloomfield train station is within a short walk, with parks, shopping, dining, and other local amenities also situated nearby. The combination of an established three-unit format, dedicated laundry facilities, on-site driveway parking, and current occupancy provides a clearly defined multifamily property profile.
Key Highlights
- Three‑unit property with approximately 2,600 square feet of living space
- Combined layout includes 6 bedrooms and 3 full bathrooms
- All three apartments are currently tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,514
Cap Rate
5.12%
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 5.12%
Second Best
Apartment 5plus
$571.2K
$499.8K – $666.4K
NOI $39,983 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$678.9K
$594.1K – $792.1K
NOI $47,524 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,412
Businesses Nearby
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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?
Triplex - Three separate laundry units and private driveway parking complement the existing three-apartment configuration.
Where is this triplex located?
The property is located at 52 Thomas St Bloomfield, NJ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Three‑unit property with approximately 2,600 square feet of living space; Combined layout includes 6 bedrooms and 3 full bathrooms; All three apartments are currently tenant occupied
