254 Franklin St, Bloomfield, NJ, 07003
About This Home
Remarks Beautifully maintained 2-family home in the highly sought-after Bloomfield, NJ neighborhood. Renovated in 2024, the property features new flooring, recessed lighting, updated kitchen, fresh interior paint, and renovated bathrooms. New Heating and water Boiler This spacious home offers a total of 8 bedrooms, with 3 & 5 bedrooms in each main unit, making it an excellent opportunity for owner-occupants or investors seeking strong rental income potential. Each main unit includes a full bathroom, while the finished basement and finished attic each have their own full bathroom, providing exceptional flexibility for extended living, recreation, a home office, or additional living space (subject to local regulations). Additional highlights include an oversized garage and a private driveway with rear access from the side street, offering ample off-street parking. Conveniently located near major highways, public transportation, shopping, restaurants, parks, and schools, this property combines space, functionality, and an outstanding location. Don't miss this exceptional opportunity to own a versatile, income-producing property in one of Bloomfield's most desirable neighborhoods. Disclaimer: All photos are virtually staged and are for illustrative purposes only. They are intended to help visualize the property's potential and may not accurately represent the current condition or furnishings, Washer dryer included and sharing with both Floor, 2 car garage
Getting Around
Very Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1922
Materials
- Roof: Asphalt
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Water Heater(Gas),Water Heater,Unit 1(Dryer,Range/Oven,Refrigerator,Washer),Unit 2(Dryer,Range/Oven,Refrigerator,Washer)
Basement
- Has basement: Yes
- Basement: Finished, Bath Full, Other Room(s)
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 2
Features
- Unit 1(Dining Room,3 Bedrooms,Kitchen,1 Bath,Living Room),Unit 2(Dining Room,Kitchen,5+ Bedrooms,Living Room,2+ Baths,See Remarks)
Heating & Cooling
- Heating features: Baseboard,Radiant
- Cooling features: Ceiling Fan(s),A/C Window Unit(s),Unit 1(A/C Unit),Unit 2(A/C Unit)
Interior Area
- Total structure area: 0
Property
Accessibility
- Accessibility features: Unit 1 Accessibility Features
Details
- Parcel number: 070233121
Features
- Stories: 2
- Patio & porch: Patio
- Exterior features: Patio
Lot
- Lot size: 4,061 sqft
- Features: Easements/Right of Way
- Lot size dimensions: 131.00 x 31.00
Parking
- Total spaces: 2
- Parking features: Garage,Detached,See Remarks
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Inland Flooding
- Cold Wave
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,293 | $51,516 |
| Home Insurance * | $231 | $2,772 |
| Property Taxes | $1,485 | $17,820 |
| Electricity | $193 | $2,318 |
| Total | $6,202 | $74,424 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-16 | Listed for sale | $849,000 |
| 2024-04-05 | Sold | $690,000 |
| 2023-05-17 | Pending sale | $629,999 |
| 2023-03-20 | Listed for sale | $629,999 |
| 2022-10-03 | Listing removed | $379,000 |
| 2022-03-20 | Pending sale | $379,000 |
| 2021-02-16 | Listing removed | -- |
| 2021-01-02 | Listed for sale | $379,000 |
| 2005-06-07 | Sold | $385,000 |
For Sale by Agent
View on Zillow