Side-by-Side
9 Rena Lane, Bloomfield, NJ 07003
For Sale
New
$999,000
Each residence has separate utilities, central air conditioning, an attached garage, and a finished walk-out basement.
Property Size2,940 SF
Price / SF$339.80
Days on Market2
Property Features for 9 Rena Lane
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Amenities
central air conditioning
finished walk-out basement
attached garage
Building Details
Year Built
Buildings
Listing Agency:
Signature Realty Nj
Listed By:
Anahita Nasrin · License NJ #394039
Source:
Movetonewjersey
Added: Nov 10
Last Checked: Nov 10 at 2:32PM
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 Signature Realty Nj
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1981 duplex is arranged as two side-by-side residences. Each unit includes three bedrooms, 2.5 bathrooms, an attached garage, and a finished walk-out basement. Separate utilities and central air conditioning serve each residence.
The property is on a cul-de-sac in Bloomfield, with major highways, shopping, dining, and NYC transportation nearby.
The property is on a cul-de-sac in Bloomfield, with major highways, shopping, dining, and NYC transportation nearby.
Key Highlights
- Two side‑by‑side units, each with 3 bedrooms and 2.5 bathrooms
- Attached garage and finished walk‑out basement in each residence
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,204
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$984,080
$984.1K
Cap Rate 7%
$702,914
$702.9K
Cap Rate 9%
$546,711
$546.7K
Market Conditions
NOI Build-Up for 2,940 SF
Gross rent
$75.1K $25.56/SF
− Vacancy
−$4.9K −$1.65/SF
EGI
$70.3K $23.91/SF
− OpEx
−$21.1K −$7.17/SF
NOI
$49.2K $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%
$984,080
Cap Rate 7%
$702,914
Cap Rate 9%
$546,711
Alternative Uses
Best Use
Multifamily LT 5
$702.9K
$615.1K – $820.1K
NOI $49,204 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$645.9K
$565.1K – $753.5K
NOI $45,211 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$767.7K
$671.7K – $895.6K
NOI $53,738 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,613
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
Properties on Market for Duplexes in Bloomfield
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has separate utilities, central air conditioning, an attached garage, and a finished walk-out basement.
Where is this duplex located?
The property is located at 9 Rena Lane Bloomfield, NJ.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 3 bedrooms and 2.5 bathrooms; Attached garage and finished walk‑out basement in each residence; Separate utilities for each unit
