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ActivePrice cut: $40K (9/23)
$550,000
4beds
1,824sqft

223 Montgomery St, Bloomfield Twp., NJ 07003

4beds
1,824sqft
Multi Family
Built in 1900
$550,100 Zestimate®
$302/sqft

What's special

Large basementGenerous room sizes

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.

55 days
|
2,539
|
128
|

Likely to sell faster than

Source: GSMLS,MLS#: 4046546MLS Logo
Travel times

Living Room

Kitchen

Bedroom

Zillow last checked:

Listing updated:

Listed by:

Joseph Aziz 973-860-7595,

Prestige Property Group Montclair

Source: GSMLS,MLS#: 4046546MLS Logo

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2
Heating
  • 1 Unit, Radiators - Steam, Natural Gas
Cooling
  • Window Unit(s)
Appliances
  • Included: Range/Oven - Gas
Features
  • Bedrooms, Eat-in Kitchen, Living Room, Dining Room, Eat-In Kitchen
  • Windows: Thermal Windows/Doors
  • Basement: Yes,Unfinished
  • Has fireplace: No
Interior area
  • Total structure area: 1,824
  • Total interior livable area: 1,824 sqft

Property

Parking
  • Total spaces: 5
  • Parking features: 1 Car Width, Additional Parking, Asphalt, See Remarks, Detached Garage
  • Garage spaces: 5
  • Uncovered spaces: 5
Features
  • Levels: Two
  • Stories: 2
  • Patio & porch: Open Porch(es)
  • Exterior features: Curbs
Lot
  • Size: 6,098 Square Feet
  • Dimensions: 51 x 122
Details
  • Parcel number: 1602002740000000040000

Construction

Type & style
  • Home type: MultiFamily
  • Property subtype: Multi Family
Materials
  • Vinyl Siding
  • Roof: Asphalt Shingle
Condition
  • Year built: 1900

Utilities & green energy

  • Gas: Gas-Natural
  • Sewer: Public Sewer
  • Water: Public
  • Utilities for property: Electricity Connected, Natural Gas Connected

Community & HOA

Location
  • Region: Bloomfield

Financial & listing details

  • Price per square foot: $302/sqft
  • Tax assessed value: $396,400
  • Annual tax amount: $13,830
  • Date on market: 8/12/2026
  • Exclusions: Seller & stager's personal property.
  • Total actual rent: 0
  • Tenant pays: Electricity, Gas, Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water
  • Electric utility on property: Yes

Price history

DateEventPrice
9/23/2026Price change$550,000-6.8%$302/sqft
Source: GSMLS #4046546
9/11/2026Price change$590,000-1.7%$323/sqft
Source: GSMLS #4046546
8/12/2026Listed for sale$600,000$329/sqft
Source: GSMLS #4046546
8/12/2026Listing removed$600,000$329/sqft
Source: GSMLS #4026374
7/9/2026Listed for sale$600,000$329/sqft
Source: GSMLS #4026374
6/15/2026Pending sale$600,000$329/sqft
Source: GSMLS #4026374
5/9/2026Listed for sale$600,000+114.3%$329/sqft
Source: GSMLS #4026374
5/7/2026Sold$280,000-12.8%$154/sqft
Source: Public Record
11/9/2004Sold$321,000$176/sqft
Source: Public Record

Public tax history

YearProperty taxesTax assessment
2025$13,830 +2.9%$396,400
2024$13,446 +5.9%$396,400
2023$12,693 +1.9%$396,400
2022$12,459 +1.6%$396,400
2021$12,269 +16.6%$396,400
2020$10,518 +33.2%$396,400 +50%
2019$7,894 $264,200
2018$7,894 -22.6%$264,200
2017$10,198 +0.9%$264,200
2016$10,106 +1.9%$264,200
2015$9,921 +5.2%$264,200
2014$9,427 +5.7%$264,200
2013$8,917 +3.5%$264,200
2012$8,618 +6%$264,200
2011$8,129 +21.9%$264,200
2010$6,668 +3.4%$264,200 +141.5%
2009$6,446 +8.1%$109,400
2008$5,962 +6.7%$109,400
2007$5,590 $109,400
2006-- $109,400
2005-- $109,400
2004$5,011 $109,400
2003-- $109,400
2002-- $109,400
2001-- $109,400

Find assessor info on the county website

Monthly payment

Est. payment
$3,992/mo
Principal & interest
$3066
Property taxes
$926
More affordability toolsChevron Right

Estimated market value

$550,100

$523,000 - $578,000

$2,552/mo

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: 07003

Nearby schools

Fairview Elementary School
Grades PK-6 • 0.2 miles
5/10
GreatSchools® Rating
Test Score Rating
5/10
Student Progress Rating
4/10
Bloomfield Middle School
Grades 7-8 • 2.2 miles
5/10
GreatSchools® Rating
Test Score Rating
5/10
Student Progress Rating
3/10
Bloomfield High School
Grades 9-12 • 0.6 miles
4/10
GreatSchools® Rating
Test Score Rating
5/10
College Readiness Rating
4/10