Listed by: Kevin Kinney, [email protected], Compass New Jersey, LLC-Montclair, (973) 310-7360, Listing Courtesy of NJMLS
$607,000
●
House -
Off Market
171 Washington Street
Bloomfield, NJ 07003
6 Beds
2 Baths
$4,014
Est. Monthly
21.68%
Cap Rate
About This Property
Welcome to 171 Washington St, a charming single-family home located
just outside the vibrant downtown of Bloomfield, NJ. This is a true
diamond in the rough, awaiting a new caretaker to restore it to
it's former Glory. Just blocks from the NYC Train and great shops
and restaurants, this spacious residence offers abundant living
space with 6 bedrooms, 2 baths, and a total of 10 rooms. Upon
entering, you'll be greeted by the elegant architectural elements
including columns, decorative mouldings, fireplaces and beautiful
hardwood floors with inlays that add a touch of sophistication to
the interior. The high ceilings further enhance the sense of space
and airiness throughout the home and the seamless flow from room to
room makes this a great home for entertaining. There is a spacious
and deep back yard, perfect for enjoying outdoor activities and
entertaining. The deck and porch offer additional outdoor spaces
for al fresco dining and relaxation. An opportunity not to be
missed
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$1,033
HOA Dues
-
Year Built
1910
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (NJMLS #24027390)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 31, 2024 | Sold | ||
| Sold | |||
| Sep 12, 2024 | In contract | - | |
| In contract | |||
| Aug 23, 2024 | Listed by Compass New Jersey, LLC-Montclair | $550,000 | |
| Listed by Compass New Jersey, LLC-Montclair | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
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Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Essex
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Listed by: Kevin Kinney
Compass New Jersey, LLC-Montclair
Last Updated: 2 years ago
Data Source: NJMLS , MLS# 24027390
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than RHP Realty NJ, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
Compass New Jersey, LLC-Montclair
Last Updated: 2 years ago
Data Source: NJMLS , MLS# 24027390
All information deemed reliable but not guaranteed.© 2026 New Jersey Multiple Listing Service Inc. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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