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$939,000
Est. payment /mo
8 Beds
5 Baths
29,997 SqFt
Open House
Sun Dec 21, 1:00pm - 3:00pm
Sat Dec 20, 1:00pm - 3:00pm
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 29,997 sqft
Price per Sqft $31
MLS Listing ID 4001870
Style 3-Three Story, Under/Over
Bedrooms 8
Full Baths 5
Annual Tax Amount $15,711
Tax Year 2024
Lot Size 3,484 Sqft
Property Description
Exceptional cash-flow opportunity in the heart of Bloomfield! This well-maintained three-family property at 65 Grove Street is a rare find for investors and owner-occupants alike. Featuring a private off-street parking lot for 4+ cars an enormous value-add in this area this property is designed to attract and retain long-term tenants while maximizing rental income. Each unit offers strong layouts, and the home has seen numerous updates throughout, minimizing immediate capital expenses and making this a true turnkey investment. The finished basement adds significant bonus value, thoughtfully divided into two separate sections, each with its own full bathroom, offering flexible use options such as tenant storage or recreation space.The first-floor unit is vacant, creating a perfect opportunity for an owner-occupant to live in one unit while collecting rental income from the others, or for an investor to set market rent immediately and further increase cash flow. With stable demand in Bloomfield, proximity to transportation, shopping, dining, and commuter routes, this property checks every box for a high-performing multifamily asset. Whether you're looking to house-hack or add a strong cash-flowing property to your portfolio, 65 Grove Street delivers on location, income potential, and long-term upside. First floor: 3 beds 1 bath Second Floor: 3 beds 1 bath Third floor: 2 bed 1 bath
Location
State NJ
County Essex
Rooms
Basement Finished, Full, Walkout
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story, Under/Over
Others
Senior Community No
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Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by EXP REALTY, LLC
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