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56 Central Ave, Caldwell, NJ, 07006

5beds
2baths
0sqft
$669,900
--price/sqft
$4,935/moest. monthly cost
$197,400/yrincome needed

About This Home

Exceptional opportunity to own a well-maintained multifamily property in the heart of Caldwell! Ideally located just steps from vibrant Bloomfield Avenue, offering convenient access to shops, dining, and everyday amenities. Renovated in recent years, this property features updated kitchens with granite countertops and stainless steel appliances. Additional highlights include a two-car garage and on-site laundry in the basement. Perfect for both owner-occupants and investors alike live in one unit while generating income from the other, or add a strong asset to your portfolio. A rare find in a highly desirable location don't miss this opportunity!

Getting Around

77
WalkingVery Walkable
0
TransitVery Limited Transit
40
BikeSomewhat Bikeable

Schools

--
Harrison SchoolGrades PK-K0.5 mi
6/10
6/10

Construction

Condition

  • Year built: 1910

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding

Notable Dates

  • Major remodel year: 2020

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Range/Oven - Electric,Refrigerator,Microwave Oven,Range/Oven - Gas,Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Yes,Full

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Bedrooms,Den,Dining Room,Eat-in Kitchen,Living Room,Kitchen
  • Flooring: Tile,Wood
  • Number of fireplaces: 1
  • Fireplace: Yes

Heating & Cooling

  • Heating features: 2 Units,Baseboard - Hotwater,Natural Gas
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 1603000290000000060000

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck

Lot

  • Lot size: 3,920 sqft
  • Features: Level
  • Lot size dimensions: 39 x 105

Parking

  • Total spaces: 4
  • Parking features: 1 Car Width,Shared Driveway,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

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Inland Flooding
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 $3,387$40,644
Home Insurance *$183$2,196
Property Taxes $1,172$14,064
Electricity $193$2,318
Total$4,935$59,220
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$169,200/yr
40% on housing$148,050/yr
45% on housing$131,600/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 07006$408
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07006$392
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)

No zestimate history available

Price History

DateEventPrice
2026-05-09Pending sale$669,900
2026-04-14Listed for sale$669,900
2020-11-09Sold$490,000
2020-08-08Price change$509,900
2020-06-01Listed for sale$524,900
2019-05-13Listing removed$539,999
2018-06-20Listed for sale$539,999
2017-04-18Listing removed$421,811
2017-02-22Listed for sale--
2010-09-28Listing removed$399,000
2010-07-09Listed for sale$399,000
2010-06-06Listing removed$449,000
2010-04-24Listed for sale$449,000
2007-06-13Sold$420,000

For Sale by Agent

AgentVito Contuzzi
BrokerageCentury 21 The Crossing

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