BEDS0
BATHS5
SQUARE FEET3,616
MLS#4002524
STATUS
PROPERTY TYPEMulti Unit - Multiple
Property Description
715 Main St, North Caldwell, NJ presents a rare, high-upside development opportunity in one of Essex County's most sought-after suburban markets. Situated on a 50' 100' lot with 5 on-site parking spaces, this property is approved for conversion into a 5-unit residential building, with two newly framed two-bedroom units created from the former commercial space in addition to the three existing apartments. The buyer will complete the project and secure final permits, opening the door to exceptional investment versatility: finish as a turnkey rental asset in a market where comparable housing rents average around $4,200/month, or pursue a profitable condo conversion supported by North Caldwell's strong demand, limited supply, and premium home values. Based on current rental trends, achievable ranges include 1BR: $1,800"$2,400, 2BR: $3,000"$3,500, and 3BR: $2,800"$3,800, creating a compelling income profile once stabilized. With its strategic location, top-rated school district, strong local demographics, and minimal multifamily inventory, this property is an exceptional opportunity for investors, builders, developers, and flippers seeking a project with multiple exit strategies and meaningful upside in a premier New Jersey community. Inquire within for this one-of-a-kind opportunity.
Property Features
Property Type: Multi Unit - Multiple
Basement: Finished
Cooling: 4+ Units
Fuel Type: Gas-Natural
Heating: 4+ Units
Lot Size: 50X100 IRR
Stories: 2.0
Taxes: $13,209
Year Built: 1910
Feature Descriptions
Days on Site: 69
Exterior: CedarSid
Location: Business District, Corner, Residential Area
Lot Dimensions: 50X100 IRR
Max Door height: 0
Sewer: Public Sewer
Units: 5
Utilities: Gas-Natural
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: PROMINENT PROPERTIES SIR
Agency Contact: 201-222-2900
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 3,995.57 per month $2,559.40 Principal & Interest $1,100.75 Property Tax $335.42 Homeowner's InsuranceChange Payment Information
715 Main St | MLS# 4002524
This multi-family property located at 715 Main St, North Caldwell, NJ 07006 is currently listed for sale with an asking price of $1,150,000. Search North Caldwell real estate on www.realtymarkllc.com today.