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About the Listing 55538 - 3366910
Exceptional opportunity to own a fully occupied, legal 3-family in the highly desirable Township of Maplewood. This income-producing property offers three spacious apartments with immediate rental income and long-term investment potential. Current gross rental income is $85,800 annually with seller-reported recurring operating expenses of approximately $25,286 annually, resulting in an estimated Net Operating Income (NOI) of approximately $60,514 and an estimated 7.71% cap rate at the $785,000 asking price. Unit mix consists of two 3-bedroom, 1-bath apartments and one 2-bedroom, 1-bath apartment. Conveniently located near Maplewood Village, NJ Transit train and bus service, Maplecrest Park, shopping, dining, schools and major highways. Property is fully occupied. Financial information is seller-reported and should be independently verified by purchasers. Showings by confirmed appointment only with a minimum of 24-hour notice. Please do not disturb tenants.
Listing Highlights
Status
Active
Days on Site
22
Property Type
Multi-Family
MLS ®
NJES2000372
Year Built
1927
Total Square Footage
0
Lot/Acreage
0.13
County
Essex
Building Name
NONE AVAILABLE
Neighborhood
Not Available
School District
South Orange-Maplewood Schools
Interior Details
- Bedrooms: 7
- Bathrooms: 3 Full
- Appliances: Oven/Range - Gas, Refrigerator, Washer, Dryer, Water Heater
- Air Cond: Ceiling Fan(s),Window Unit(s)
- Heating: Baseboard - Hot Water,Radiant,Radiator,Steam
- Fireplaces:
- Floor: Hardwood
- Above Ground Sq Ft: 0
- Below Ground Sq Ft: n/a
- Basement: Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: 2 car
- Parking Spaces: 8
- Zoning: Three-Family Residential
- Roof: Shingle
- Others: Roof Deck,Average
- Sewer: Public Sewer
- Parking Features: Additional Storage Area,Detached Garage,Driveway,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $15,124
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
374 Boyden Ave Maplewood, NJ 07040
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