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$785,000
Est. payment /mo
7 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260015310
Bedrooms 7
Full Baths 4
HOA Fees $2/mo
Annual Tax Amount $15,124
Tax Year 2025
Lot Dimensions 40x141
Property Sub-Type 3 Family
Property Description
Exceptional opportunity to own a fully occupied, legal 3-family property in the highly desirable Township of Maplewood. This income-producing property offers three spacious apartments with practical layouts and immediate rental income. 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 $60,514 and an estimated 7.71% cap rate at the $785,000 asking price. Conveniently located near Maplewood Village, NJ Transit train and bus service, Maplecrest Park, shopping, dining, schools and major highways. Whether expanding an investment portfolio or planning for future owner occupancy, this well-located multi-family presents an outstanding opportunity. Financial information is seller-reported and should be independently verified by purchasers.
Location
State NJ
County Essex
Area Maplewood
Rooms
Basement Unfinished
Interior
Heating A/C Window, Baseboard, Gas, Radiators, Steam
Cooling A/C Window, Baseboard, Gas, Radiators, Steam
Exterior
Exterior Feature Other-See Remarks
Parking Features 2 Cars, Detached
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Listed by KELLER WILLIAMS VILLAGE SQUARE REALTY
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