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Eric DeSilva

eric.desilva@exprealty.com +1(973) 542-9302

$ 1,150,000

Est. payment -/mo

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Active

715 Main St North Caldwell Boro, NJ 07006

3,616 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,616 sqft

Price per Sqft $318

MLS Listing ID 3999215

Year Built 1910

Annual Tax Amount $13,209

Tax Year 2024

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.

Location

State NJ

County Essex

Zoning R-2

Interior

Heating Gas-Natural

Cooling 4+ Units, Window A/C(s)

Equipment See Remarks

Heat Source Gas-Natural

Exterior

Exterior Feature See Remarks

Utilities Available Gas-Natural

Roof Type See Remarks

Building

Story 2

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Listed by LIBERTY REALTY, LLC.

Nearby Locations

SCHOOLSPROPERTIES

Elementary Schools 20

9

Gould Elementary School

Public | 4 - 6
8

Washington Elementary School

Public | KG - 5
8

Little Falls Township Public School #3

Public | 3 - 4
8

Randall Carter Elementary School

Public | KG - 5
8

South End Elementary School

Public | PK - 4
7

Lincoln Park Elementary School

Public | PK - 4
7

Little Falls Township Public School #1

Public | 5 - 8
6

Winston Churchill School

Public | 4 - 6
6

Jefferson Elementary School

Public | KG - 5
6

Lincoln Elementary School

Public | KG - 5
6

Frederic N. Brown Elementary School

Public | KG - 4
6

North End Elementary School

Public | PK - 4
6

Memorial Middle School

Public | 5 - 8
5

Washington Park School

Public | 3 - 8
5

Memorial Middle School

Public | 5 - 8
4

Beatrice Gilmore School

Public | 3 - 4
0

New Beginnings

Private | PK - 12
0

Glenview Academy

Private | 2 - 9
0

A Pleasant Day Nursery School

Private | PK - KG
0

Trinity Academy

Private | PK - 8

Middle Schools 4

5

Grover Cleveland Middle School

Public | 6 - 8
5

West Essex Middle School

Public | 7 - 8
0

Essex Campus Academy

Public | 7 - 12
0

Lakeview Learning Center

Private | 8 - 12

High Schools 7

9

West Essex High School

Public | 9 - 12
8

Verona High School

Public | 9 - 12
7

James Caldwell High School

Public | 9 - 12
7

Cedar Grove High School

Public | 9 - 12
5

West Caldwell Tech

Public | 9 - 12
5

Passaic Valley Regional High School

Public | 9 - 12
0

The Gramon School

Private | 9 - 12

School and business data provided by Attom Data.