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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
Price Per Unit $259,333
Sale Type Investment
No. Units 3
Property Type
Multifamily
  • Multifamily Apartments
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 - -
Very walkable
80/100
Moderately drivable
60/100
Strong public transit
80/100
Fairly bikeable
50/100
  • Listing ID: 40967710

  • Date on Market: 6/18/2026

  • Last Updated:

  • Address: 76 Ella St, Bloomfield, NJ 07003

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