38 Prospect St Bloomfield, NJ 07003
Estimated payment $5,735/month
Highlights
- Wood Flooring
- Porch
- Forced Air Heating and Cooling System
- 2 Car Detached Garage
- Multiple cooling system units
- 5-minute walk to Watsessing Park
About This Home
Opportunity to acquire a legal 3-family property with strong in-place rental income and significant upside potential. Ideal for investors seeking stable cash flow with value-add opportunities through below-market rents and recent capital improvements
Listing Agent
PRESTIGE PROPERTY GROUP MONTCLAIR Brokerage Phone: 973-860-7595 Listed on: 04/30/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,575
Year Built
- Built in 1919 | Remodeled
Parking
- 2 Car Detached Garage
- Shared Driveway
Home Design
- Asphalt Shingled Roof
- Vinyl Siding
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Full Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Utilities
- Multiple cooling system units
- Forced Air Heating and Cooling System
- Ductless Heating Or Cooling System
- Window Unit Cooling System
- Multiple Heating Units
- Radiator
- Hot Water Baseboard Heater
- Standard Electricity
Additional Features
- Basement Fills Entire Space Under The House
- Porch
- 30 Sq Ft Lot
Community Details
- Net Operating Income $60,425
Listing and Financial Details
- Assessor Parcel Number 1602-00125-0000-00018-0000-
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,198 | $389,100 | $51,200 | $337,900 |
| 2024 | $11,713 | $358,400 | $51,200 | $307,200 |
| 2023 | $11,476 | $358,400 | $51,200 | $307,200 |
| 2022 | $11,476 | $358,400 | $51,200 | $307,200 |
| 2021 | $11,265 | $358,400 | $51,200 | $307,200 |
| 2020 | $11,092 | $358,400 | $51,200 | $307,200 |
| 2019 | $11,796 | $296,300 | $51,300 | $245,000 |
| 2018 | $11,745 | $296,300 | $51,300 | $245,000 |
| 2017 | $11,568 | $296,300 | $51,300 | $245,000 |
| 2016 | $9,777 | $253,300 | $51,300 | $202,000 |
| 2015 | $12,129 | $317,100 | $51,300 | $265,800 |
| 2014 | $11,907 | $317,100 | $51,300 | $265,800 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/18/2026 05/18/26 | Pending | -- | -- | -- | |
| 05/08/2026 05/08/26 | For Sale | $849,999 | +28.8% | -- | |
| 08/24/2023 08/24/23 | Sold | $660,000 | +10.2% | -- | View Prior Sale |
| 08/15/2023 08/15/23 | Pending | -- | -- | -- | |
| 08/14/2023 08/14/23 | For Sale | $599,000 | 0.0% | -- | |
| 07/25/2023 07/25/23 | Pending | -- | -- | -- | |
| 07/24/2023 07/24/23 | For Sale | $599,000 | 0.0% | -- | |
| 06/22/2023 06/22/23 | Pending | -- | -- | -- | |
| 06/05/2023 06/05/23 | For Sale | $599,000 | +29.5% | -- | |
| 08/04/2017 08/04/17 | Sold | $462,500 | -1.4% | -- | View Prior Sale |
| 06/28/2017 06/28/17 | Pending | -- | -- | -- | |
| 06/08/2017 06/08/17 | For Sale | $469,000 | +131.0% | -- | |
| 07/07/2015 07/07/15 | Sold | $203,000 | -- | -- | View Prior Sale |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $660,000 | First American Title | |
| Deed | $660,000 | First American Title | |
| Deed | $462,500 | -- | |
| Deed | $462,500 | -- | |
| Deed | $203,000 | -- | |
| Deed | $203,000 | -- | |
| Deed | $154,000 | -- | |
| Sheriffs Deed | $154,000 | -- | |
| Deed | $154,000 | -- | |
| Sheriffs Deed | $154,000 | -- | |
| Deed | $410,220 | -- | |
| Deed | $410,220 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $590,700 | New Conventional | |
| Previous Owner | $152,250 | Purchase Money Mortgage |
Source: Garden State MLS
MLS Number: 4024541
APN: 02-00125-0000-00018
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