223 Montgomery St
Listing Notes
Opportunity meets potential at 223 Montgomery Street, a two-family property offering flexibility, scale, and strong upside in a well-connected Bloomfield location. Ideal for investors seeking a fix-and-flip project or a long-term buy-and-hold asset, this property presents a rare chance to reimagine and add value in a market with continued demand. The home features a spacious layout across multiple levels, with generous room sizes and a functional footprint that allows for a variety of renovation possibilities. A large basement adds additional utility and storage potential, while the overall structure offers the foundation for a compelling transformation. One of the property's standout features is the rare 5-car garage paired with a 5+ car driveway, providing an exceptional amount of parking and storage flexibility seldom found in the area. The roof is being completely replaced. Conveniently located near Bloomfield Avenue, Garden State Parkway access, NJ Transit options, shopping, restaurants, parks, and local amenities, the property offers strong regional connectivity throughout Essex County and into New York City. Whether repositioned for resale or retained as an income-producing asset, 223 Montgomery Street offers a compelling value-add opportunity with substantial potential.
Comps
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Mortgage Calculator
Excludes property tax, property insurance, and hoa / fees — not in this listing, so the true monthly cost is higher.
- Due at close
- $177,000
- Loan amount
- $450,000
- Loan to value
- 75%
- Principal & interestLoan scenario$3,009
- Property taxNot in listing dataNot provided
- Property insuranceNot in listing dataNot provided
- HOA / feesNot in listing dataNot provided
- Mortgage insuranceLoan scenario$0
Multifamily defaults use a larger down payment. Taxes, insurance, rent, reserves, and DSCR are not invented.
Only the listing price is sourced for this property. Missing tax, insurance, and HOA/maintenance costs are not guessed.
Where it is
For sale Coming soon Recently sold— zoom out for more