Courtesy: Prominent Properties Sotheby's International Realty
Office Phone:
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.
Courtesy: FALLIVENE AGENCY INC.
973-882-1117
TOTALLY RENOVATED FREESTANDING OFFICE BLDG. WITH KITCHENETTE, RECEPTION AREA, 2 POWDER ROOMS, CONFERENCE RM, 7 PRIVATE OFFICES W/DECK, FINISHED BASEMENT WITH CONFERENCE RM AND 2 OFFICES, 14 PARKING SPACES, NEW BRICKPAVER WALKWAY & PROFESSIONALLY LANDSCAPED. ANY USE SUBJECT TO TOWN APPROVAL. ALSO FOR RENT
North Caldwell is located in New Jersey. North Caldwell, New Jersey has a population of 6,633. North Caldwell is less family-centric than the surrounding county with 29.18% of the households containing married families with children. The county average for households married with children is 30.18%.
The median household income in North Caldwell, New Jersey is $172,419. The median household income for the surrounding county is $67,826 compared to the national median of $69,021. The median age of people living in North Caldwell is 46.9 years.
The average high temperature in July is 84.6 degrees, with an average low temperature in January of 20.2 degrees. The average rainfall is approximately 49.8 inches per year, with 25.5 inches of snow per year.
