76 Ella Street Bloomfield, NJ 07003
Three-story triplex with separate utilities, a renovated third-floor unit, and a rare detached 2-car garage.
- Added:
- Jun 20, 2026
- Days on Market:
- 24
- Last Refresh:
- Jun 24 at 7:15 am
Property Features for 76 Ella Street
General Information
- Standard status
- Active
- Size
- 2,430 SF
- Lot size
- 0.09 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1928
Listing office Fairclough Realtors
Listing date Jun 20, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
The property also includes a detached 2-car garage and an exclusive 6-car driveway, an uncommon amenity in Bloomfield’s dense residential grid. Bloomfield offers direct NJ Transit access to Penn Station via the Morristown line, and the Watsessing Avenue NJ Transit station is described as a 3-minute walk from the building.
For investors, the mix of unit sizes and the presence of a recently renovated 1BR/1BA unit can support a diversified tenant profile. The offering is also positioned around below-market rents, with the public remarks noting recent multifamily rent growth in the Bloomfield submarket since 2022 and sub-30-day vacancy at turnover. As presented, this is a residential income asset with practical day-to-day operational structure and established commuter-oriented tenancy.
Key Highlights
- Three‑unit residential income property built in 1928, with 3,265 SF on a 36x107 lot
- Unit mix: two 2BR/1BA units plus a renovated third‑floor 1BR/1BA unit
- Detached 2‑car garage plus exclusive 6‑car driveway—described as rare in Bloomfield’s dense residential grid
Local 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 | $62.1k | $25.56 |
| − Vacancy | −$4.0k | −$1.65 |
| EGI | $58.1k | $23.91 |
| − OpEx | −$17.4k | −$7.17 |
| NOI | $40.7k | $16.74 |
