$950,000

49-51 Caldwell Place Unit 5 Springfield, NJ 07081

Estimated payment $6,946/month

Total Views 795
8 Beds
6 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Rare investment opportunity! This unique property offers FIVE income-producing units all on one parcel, making it an ideal addition to any portfolio. The package includes four 1-bedroom apartments with a passing DCA inspection PLUS a detached single-family home, providing a versatile mix of rental options to attract a variety of tenants.The four apartments are well-proportioned, each with a comfortable living room, bedroom with a flex room - office/walk in closet, kitchen and bath. The single-family home offers additional flexibility " perfect for an owner-occupant, or long-term tenant. Together, the property can provide steady rental income with the added benefit of diversification across multiple units. Situated on a single parcel, management is streamlined with one location to maintain. Whether you're looking to expand your portfolio or start with a strong investment, this property checks the boxes: multiple units, income potential, and long-term value. Located near shopping, dining, and commuter routes to NYC- tenants will enjoy easy access to everyday needs while you benefit from consistent demand. 5 units, one property, and endless potential. 4 units are occupied - month to month, no leases, rent controlled. Home is not under rent control - needs tlc but has great potential. Separated utilities - natural gas, 1 new furnace in apts, updated windows. Owner pays water/sewer. Selling AS-IS buyer to obtain town inspections. Info is to best of owners knowledge.

Listing Agent

LINDA OSWALD

WEICHERT REALTORS Brokerage Phone: 908-763-9525 Listed on: 08/30/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,344

Year Built

  • Built in 1934

Parking

  • 2 Car Detached Garage
  • Common or Shared Parking
  • Shared Driveway

Home Design

  • Brick Exterior Construction
  • Aluminum Siding

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Full Bathrooms

Schools

  • J.Caldwell Elementary School
  • Dayton High School

Utilities

  • Multiple Heating Units
  • Gas Water Heater

Additional Features

  • Walk-Out Basement
  • Deck
  • 10,019 Sq Ft Lot

Community Details

  • Net Operating Income $65,774

Listing and Financial Details

  • Assessor Parcel Number 2917-00706-0000-00004-0000-
  • Tax Block *

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,344

Year Built

Built in 1934

Lot Details

0

Parking

2

Listing Details

  • Year Built: 1934
  • Year Built Description: Approximate
  • County Name: Union
  • Street Number Display: 49-51
  • Directions: Rt 78 East to Exit 49A (Rt 124 West). Right onto Rt 124 (Morris Ave). Left onto Caldwell Place
  • I D: 5380467
  • Modified: 2025-09-02
  • Number Images: 48
  • Attribution Contact: 908-763-9525
  • MLS Status: Active
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Number Rooms: 22
  • Bedrooms: 8
  • Total Bathrooms: 6
  • Total Full Bathrooms: 6
  • Basement: Yes
  • Basement Description: Unfinished, Walkout

Exterior Features

  • Exterior Description: Aluminum Siding, Brick
  • Exterior Features: Deck
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Detached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 6
  • Parking Driveway Description: Common

Utilities

  • Fuel Type: Gas-Natural
  • Heating: 4+ Units
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: J.Caldwell
  • High School: Dayton
  • High School: Dayton

Lot Info

  • Lot Size: 71X141
  • Assessed Improvement Value: 698400
  • Assessed Land Value: 200300
  • Assessment: 898700
  • Easement: Unknown
  • Lot Identifier: 4
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.23
  • Zoning: S60

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Tax Amount: 21344
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2917-00706-0000-00004-0000-
  • Tax Rate Amount: 2.375
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year Tax: *
  • Tax Year: 2024

Multi Family

  • Total Number Units: 4

MLS Schools

  • Grade School: J.Caldwell

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2025 08/30/25 For Sale $950,000 -- --
Source: Garden State MLS

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Source: Garden State MLS

MLS Number: 3983930

Garden State MLS