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36 Edison St, Bloomfield, NJ, 07003

3beds
2.1baths
0sqft
$549,000
--price/sqft
$4,078/moest. monthly cost
$163,120/yrincome needed

About This Home

Gross rental income is $56,400 with a 7.2% cap rate! Look no further for your next home or investment property! This 2 family property in Bloomfield has a 1 bed/1 bath unit on the first floor, 2 bed/1 bath unit on the second floor, and a detached 2 car garage. You could also live in one apartment and use the other for rental income. There are separate gas and electric meters for the apartments. The heat/hot water are shared with separate thermostats (2nd floor pays) and the landlord pays the water bill. The basement has a shared washer/dryer and all utilities. The two car detached garage is approximately 550 ft with high ceilings and includes usage of the 1/2 bath in the basement. Schedule your private tour today before it's too late!

Getting Around

83
WalkingVery Walkable
0
TransitVery Limited Transit
51
BikeBikeable

Schools

2/10
Belleville PS4Grades PK-60.5 mi
2/10
Belleville Middle SchoolGrades 7-82.0 mi
2/10
Belleville Sr High SchoolGrades 9-122.2 mi

Construction

Condition

  • Year built: 1910

Materials

  • Roof: Flat
  • Construction materials: Aluminum Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Range/Oven - Gas,Refrigerator,Dryer,Washer,Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Yes,Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2.1
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Bedrooms,Kitchen,Living Room,Master Bedroom,See Remarks

Heating & Cooling

  • Heating features: Zoned,Radiators - Hot Water,Natural Gas
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 1602003930000000190000

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 2,613 sqft
  • Features: Level
  • Lot size dimensions: 25 x 100

Parking

  • Total spaces: 4
  • Parking features: Additional Parking,Detached Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Uncovered spaces: 4

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
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Cold Wave
    Cold WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Inland Flooding
Cold Wave
Strong Wind
Winter Weather

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

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

MonthlyAnnual
Mortgage $2,776$33,312
Home Insurance *$149$1,788
Property Taxes $960$11,520
Electricity $193$2,318
Total$4,078$48,936
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$139,817/yr
40% on housing$122,340/yr
45% on housing$108,746/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

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.

Insurance Growth Rate5-year average: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 07003$317
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07003$415
Essex County$391

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

DateEventPrice
2026-05-07Price change$579,000
2026-04-08Price change$599,900
2026-02-02Price change$625,000
2026-01-16Listed for sale$649,000
2023-10-11Sold$410,000
2023-09-06Pending sale$399,900
2023-08-05Listed for sale$399,900

For Sale by Agent

AgentMichael Guarriello
BrokerageKeller Williams Valley Realty

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