Recently Listed Open House 5/16 12pm - 2pm
58 Floyd Avenue
Bloomfield, NJ, 07003 $ 749,990
Bedrooms4 Baths2.0 Monthly Estimate*
$ 4,618
for $749,990 with 4 bedrooms and 2 full baths.
Excellent investment opportunity for investors or owner-occupants alike! This fully renovated brick two-family home was beautifully updated in 2020 with no detail overlooked and generates $61,500 in gross annual rental income. A true turnkey property offering strong cash flow potential, modern systems, and spacious layouts throughout. Each unit features 2 bedrooms plus an additional den ideal for a nursery or home office, along with a full dining room, living room, eat-in kitchen, and 1 full bath. Unit 1 is leased at $2,700/month and Unit 2 is leased at $2,425/month, providing immediate stable rental income. Both units offer central A/C and forced hot air, plus separate electric and gas meters, 2 water heaters, and 2 HVAC systems for added efficiency and convenience. The unfinished walk-out basement offers excellent potential for additional living space, storage, or future expansion. Additional features include separate washer/dryer hookups for each unit, front, side, and rear entrances, and a 2-car parking area in the back of the property. As an added bonus, the home includes 26 fully paid-off solar panels with transferable warranties, helping reduce utility costs while providing environmentally friendly energy savings. Conveniently located close to schools, shopping, restaurants, parks, and mass transportation, this rare turnkey multi-family property offers modern upgrades, strong rental income, and exceptional long-term value.
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Open House
5/16/2026 12:00 PM - 2:00 PM
5/17/2026 12:00 PM - 2:00 PM
58 Floyd Avenue Bloomfield, NJ
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesGeneralUtilities Electricity Connected Natural Gas Connected Sep Heat
Architectural Style 2 Family
Rooms None
County ESSEX
Property Type 2-4 Family
HOA N
Total Rooms 10
Full Baths 2
Status Active - Active
City Bloomfield
Disclosures Seller's Agent Seller Disclosure - Yes
Year Built Details 1940's Build Prior to 1978
Tax Annual Amount 16635.0
MLS Area Minor 200
Lease Considered Y/N N
Standard Status Active
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InteriorHeating Y/N N
Half Baths 0
Laundry Features In Basement
Total Bedrooms 4
Total Baths 2
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $4,618
- Monthly Property Taxes
- $1,386
- 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.
Learn more about how to save NearbyMulti-family listings in Bloomfield, NJ
Average List Price $770,753
Percent of Sale Price 3%
About Bloomfield, NJ 50,944 Population
7% Since 2002
$ 74,661 Median Income
39.64 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
843640 Elementary School
843641 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/11/2026 | $749,990 | | Listed Price |