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76 Ella St - 3-Family w/ Upside & Expansion Possibilities 3 Unit Apartment Building Offered at $778,000 Bloomfield, NJ 07003
Investment Highlights
- Utilities separately metered for each apartment, with 3 separate boilers & 3 separate water heaters
- Located in one of Bloomfield's most desirable neighborhoods
- Further expansion possibilities - Rear addition precedent established next door and approved by the town
- All leases month-to-month — no waiting out long-term agreements to reach market rents
- One block from Watsessing Avenue NJ Transit station
- Large detached garage, ready for ancillary income
Executive Summary
Three-family income property one block from the Watsessing Avenue NJ Transit station, delivering immediate value-add upside in one of Essex County's strongest workforce rental markets. Maintained by a long-tenured owner, the three-story building offers two spacious 2BR/1BA units on floors one and two — each with a flexible back room that functions as a den, home office, or third bedroom — plus a renovated 1BR/1BA on the third floor, all on month-to-month leases. Utilities are fully separated per unit. The property includes a detached two-car garage and an exclusive six-car driveway — a rare combination in Bloomfield's dense residential grid — along with individual washer/dryer hookups (appliances included in sale) and dedicated storage for each unit in the basement. With 2BR units directly across the street trading at $2,300/month, the rent upside is confirmed, not projected. A clean value-add play for the self-managing investor or owner-occupant ready to capture day-one income growth without lifting a wall.
Property Facts
| Price | $778,000 | Apartment Style | Low-Rise |
| Price Per Unit | $259,333 | Building Size | 3,236 SF |
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 3 | Year Built | 1928 |
| Property Type | |||
| Zoning | R-2B | ||
| Price | $778,000 |
| Price Per Unit | $259,333 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | |
| Apartment Style | Low-Rise |
| Building Size | 3,236 SF |
| No. Stories | 3 |
| Year Built | 1928 |
| Zoning | R-2B |
Amenities
Unit Amenities
- Dishwasher
- Storage Space
- Washer/Dryer
- Ceiling Fans
- Eat-in Kitchen
- Hardwood Floors
- Refrigerator
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 1+1 | 1 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 02-00106-0000-00018 | Improvements Assessment | $336,600 |
| Land Assessment | $100,400 | Total Assessment | $437,000 |
Property Taxes
Parcel Number
02-00106-0000-00018
Land Assessment
$100,400
Improvements Assessment
$336,600
Total Assessment
$437,000
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76 Ella St - 3-Family w/ Upside & Expansion Possibilities