76 Ella St - Multi-Family FOR SALE


Bloomfield, NJ 07003
$778,000 USD
862-354-1822
76 Ella St, Bloomfield, NJ for Sale
$778,000 USD
Multi-Family - FOR SALE
1/12
null | Request Cap Rate

76 Ella St
Bloomfield, NJ 07003


HIGHLIGHTS

  • Utilities separately metered for each apartment, with 3 separate boilers & 3 separate water heaters
  • All leases month-to-month — no waiting out long-term agreements to reach market rents
  • Located in one of Bloomfield's most desirable neighborhoods
  • One block from Watsessing Avenue NJ Transit station
  • Further expansion possibilities - Rear addition precedent established next door and approved by the town
  • Large detached garage, ready for ancillary income

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$778,000 USD

PRICE/SF

$240 USD /SF

# OF UNITS

3

PRICE/UNIT

$259,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3-Family w/ Upside & Expansion Possibilities

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-2B

APN/PARCEL ID

02-00106-0000-00018

ASK ABOUT THIS PROPERTY

Clay PannaschFairclough RealtorsMore Info
862-354-1822

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Clay PannaschFairclough RealtorsMore Info
862-354-1822

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.