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151 N 16th St , Bloomfield Twp., NJ 07003
$615,000
Est. Payment: $3,321.01/mo
4 Bed
3 Bath
1679 Sqft
0.08 Acres
Status: active | Days on site: 14
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5028 - 401152
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House Description

An incredible opportunity awaits in Bloomfield! Whether you're looking for an investment property or a place to call home while generating rental income, this versatile 2-family home has so much to offer! Unit 1 is a spacious 3 bedroom, 1 bath apartment, currently vacant and ready for its next occupant. Unit 2 offers 1 bedroom, 1 full bath, a dining room, a kitchen & living room, currently occupied by a month-to-month tenant paying $1,500/month (includes gas and water), providing immediate rental income! But there's even more to love! The basement offers an additional living area with its own living room & full bathroom, creating flexible space for recreation, guests or extended living needs. You'll also find a shared laundry area with washer & dryer for added convenience. Heating utilities has 3 separate zones,1 per floor including the basement.  Outside, enjoy the added bonus of a 2-car garage & driveway parking. Conveniently located in Bloomfield, close to shopping, dining, transportation & everyday amenities. With one unit vacant, another already generating income & additional basement living space, this property offers flexibility, convenience & fantastic potential. Don't miss this opportunity!

Highlights

Listed by ABISH SADHWANI , MP EXP REALTY, LLC , 866-201-6210. Garden State MLS

Property Type

Multi-Family

Lot/Acreage
0.08

Year Built

1928

County

Essex

Listing ID

4061630

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Air Cond:Window A/C(s)
Fireplaces:
Basement:Finished-Partially
Water:Public Water

Exterior Features

Lot:Level Lot
Lot Dimensions:33 X 100
Roof:Composition Shingle
Others:
  • ▪ Additional:Metal Fence, Vinyl Siding, 1 Car Width, Blacktop, Driveway-Exclusive
Sewer:Public Sewer
Parking Features:Detached Garage
Principal Interest
$3,321
Taxes
$929

Home Price

$615,000

Loan Details

30 yrs
7.144%

Down Payment

20%
$123,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,321.01

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,321.01 $929.17 $0.00 $4,250.17
Yearly $39,852.08 $11,150.00 $0.00 $51,002.08
Total $1,195,562.53 $334,500.00 $0.00 $1,530,062.53
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Bloomfield Twp., NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Garden State MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T17:58:39.000Z

© 2026 Garden State MLS