49-51 Caldwell Pl Springfield, NJ $ 975,000
49-51 Caldwell Pl
$ 975,000
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49-51 Caldwell Pl

Springfield, NJ, 07081
$ 975,000
Bedrooms-- Baths-- Sq 4,657

Monthly Estimate*

$ 6,003

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Commercial Property for sale in Springfield, NJ

for $975,000 with 6 half baths. This 4,657 square foot building was built in 1934 on a lot size of 0.23.

MULTIPLE OFFERS - DEADLINE FOR OFFERS IS TUESDAY 1/13 AT NOON 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 flexibility, perfect for an owner-occupant, or long-term tenant. New flooring in some rooms and basement, updated electric. Together, the property can provide steady rental income with the added benefit of diversification across multiple units. 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 - Opportunities like this don't come along often " five units, one property, and endless potential. 4 units are occupied with long term tenants, now month to month and rent controlled. Home is NOT under rent control -Separate utilities for all - natural gas, 1 newer apt furnace - some updated windows. Owner pays water/sewer for apts only. Selling as-is. Buyer to get town inspections. Flood insurance may be required.

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Commercial Active

Price

$ 975,000

Half Bath

6

Property Type

Commercial

Taxes

$ 21,344

Style

Apartment Complex

Lot Size

0.23

Year Built

1934

Town/City

Springfield

County/Region

Union

MLS | Web ID

4003458

Features
General
Sewer Public Sewer
Construction Brick/Block
Heating 4+ Units
Cooling No Cool
Utilities Gas-Natural
Possession POT
Roof Asphalt Shingle
Zoning S60
Garage Spaces 6
Year Built 1934
Tenant Pays Cable T.V. Electric Gas Hot Water Snow Removal
Township Springfield Twp.
Property Type Apartment Complex See Remarks Apartment Complex
Tax Year 2024
Ownership Fee Simple
Location Residential Area
Lease Information Month-To-Month
Gross Income 94560
County Union
Net Operating Income 65774
Operating Expense 28786
Status Active
Directions Rt 78 East to Exit 49A (Rt 124 West). Right onto Rt 124 (Morris Ave). Left onto Caldwell Place
Number Of Units Total 5
Tax Annual Amount 21344
Drive 1 Car Width Additional Parking Crushed Stone
Leasable Area 0
Standard Status Active
Tax Assessed Value 898700
Town # 2917
Tax Lot 4
Cap Rate 6.93
Farm Assessment No
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Interior
Basement Bilco-Style Door Full Unfinished Walkout
Fuel Type Gas-Natural
Total Stories 2
Half Baths 6
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Exterior
Water Source Public Water
Exterior Description Aluminum Brick
Building Area Total 4657
Lot Dimensions 71X141
Lot Size Acres 0.23
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* Excluded Features
List By
Linda Oswald

Listing Agent

Weichert Realtors

Broker

Clinton

Office

Affordability Calculator

$7,782
Per Month
77%
23%
0%
Monthly Principal & Interest
$6,003
Monthly Property Taxes
$1,779
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/5/2026$975,000 Listed Price

Map


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49-51 Caldwell Pl, Springfield, NJ, 07081 is a Commercial Property for sale at $975,000 with 4,657 sqft and a lot size of 0.23. 49-51 Caldwell Pl was built in 1934. The property's zip code is 07081 which is in Springfield, NJ