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$849,999 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • 2 Car Garage
  • Updated 1 hour ago

Next open house:

Open House: 1:00 PM - 3:00 PM

Saturday 5/9 1:00 PM - 3:00 PM

38 Prospect St,Bloomfield, NJ 07003

38 Prospect StBloomfieldNJ07003

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Opportunity to acquire a legal 3-family property with strong in-place rental income and significant upside potential. Ideal for investors seeking stable cash flow with value-add opportunities through below-market rents and recent capital improvements

Full Property Details for 38 Prospect St

General

  • Price: $849,999
  • Taxes: $13,575 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4024541
  • Updated: Today (5/8/2026)
  • Added to Site: Today

Interior

  • Number of Rooms: 13
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Wood Floors

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 6

Exterior

  • Exterior Features: Open Porch(es)

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Garage Description: Detached Garage

Location

  • County: Essex
  • Driving Directions: Prospect St between Willow St and Carteret St

Heating & Cooling

  • Cooling Type: 2 Units, Central Air Conditioning, Ductless Split AC, Window A/C(s)
  • Heating Type: 3 Units, Baseboard - Hotwater, Forced Hot Air, Radiators - Hot Water
  • Heating Fuel: Electric, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Electric, Natural Gas

Structural Information

  • Architectural Style: 3-Three Story
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Full, Unfinished
  • Roof: Asphalt Shingles
  • Year Built: 1919
  • Remodeled/Updated: 2024

Unit Information

Unit 1

  • Unit Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Porch
  • Square Feet: 1020
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Unit Description: Bedrooms, Eat-In Kitchen, Family Room, Porch
  • Square Feet: 1025
  • Levels/Stories: 1
  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 3

  • Unit Description: Bedrooms, Living/Dining Room
  • Square Feet: 595
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.07
  • Lot Dimensions: 30 x 107
  • Driveway/Sidewalk: 1 Car Width, Blacktop, Driveway-Shared

Financial Considerations

  • Expenses: Cold Water, Insurance, Maintenance, Taxes
  • Operating Expenses: $19,675
  • Assessment Amount: $337,900
  • Land Assmt: $51,200
  • Tax Amount: $13,575
  • Tax Year: 2025

Disclosures and Reports

  • Disclosures: Yes
  • Block: 125
  • Lot Number: 18

Listed by Prestige Property Group Montclair

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Listing agent

— 38 Prospect St —

  • Prestige Property Group Montclair

973-860-7595

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 38 Prospect St

School District:Bloomfield Township School District
NameGradesDistance
Watsessing Elementary School
71 Prospect Street, Bloomfield, NJ 07003
PK-60.1 mi
Bloomfield Middle School, Bloomfield, NJ
60 Huck Road, Bloomfield, NJ 07003
7-83 mi
Bloomfield High School, Bloomfield, NJ
160 Broad Street, Bloomfield, NJ 07003
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 38 Prospect St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/08/2026
Listed
$849,999
28.79%
MLS
8/10/2023
Sold
$660,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 38 Prospect St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,198
15%
$389,100
9%
2022
$11,476
2%
$358,400
—
2021
$11,265
-5%
$358,400
21%
2019
$11,796
—
$296,300
—
2018
$11,745
2%
$296,300
—
2017
$11,568
18%
$296,300
17%
2016
$9,777
-19%
$253,300
-20%
2015
$12,129
7%
$317,100
—
2013
$11,314
—
$317,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 38 Prospect St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Prestige Property Group Montclair

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38 Prospect St, Bloomfield, NJ 07003 (MLS# 4024541) is a Multi-Family property with 3 units containing 6 bedrooms and 5 full bathrooms. 38 Prospect St is currently listed for $849,999 and was received on May 08, 2026. Want to learn more about 38 Prospect St? Do you have questions about finding other Multi-Family real estate for sale in Bloomfield? You can browse all Bloomfield real estate or contact a Coldwell Banker agent to request more information.

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