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Springfield, NJ Multifamily Home for Sale

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    $950,000

    • 8 Beds
    • 6 Baths

    49-51 Caldwell Place Unit 5, Springfield, NJ 07081

    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

    LINDA OSWALD WEICHERT REALTORS

    49-51 Caldwell Place Unit 5, Springfield, NJ 07081

Why Live in Springfield

Springfield, NJ, is a family-centric community in Union County, known for its nationally recognized Baltusrol Golf Club and proximity to New York City, just 25 miles away. The town features a variety of parks and natural reservations, including Meisel Avenue Park, which hosts community events and features a small lake. Springfield is surrounded by Watchung and South Mountain reservations, offering outdoor activities like horseback riding and a conservation-focused zoo. The local housing market includes 1960s split levels, ranches, and colonials, with larger properties near the golf course. The town's public schools are highly rated, with Edward V. Walton Early Childhood Center, Thelma L. Sandmeier School, James Caldwell Elementary School, Florence M. Gaudineer Middle School, and Jonathan Dayton High School all receiving high marks. The district is undergoing a $32 million update to modernize facilities. Springfield also offers a community pool with classes and open swim time, and Sky Zone Trampoline Park for indoor activities. Local dining options include Halo Roasters for specialty coffee, The Brisket Guy BBQ, and Kosher Bagels Supreme. For more extensive shopping and dining, residents visit nearby Summit and Westfield or the Mall at Short Hills. Commuters benefit from shuttle service to the Short Hills train station and NJ Transit buses to Port Authority, with Newark Liberty International Airport about 10 miles away. The town celebrates July 4th with a parade, evening festivities, and fireworks at Meisel Avenue Park.

Home Trends in Springfield, NJ

Housing Trends

Median Sale Price
$661,000
Median Single Family Sale Price
$719,944
Median Townhouse Sale Price
$634,999
Median 2 Bedroom Sale Price
$393,500
Average Price Per Sq Ft
$421
Number of Homes for Sale
20
Last 12 months Home Sales
160
Months of Supply
1.50
Median List Price
$660,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
6%
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