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David Luckenbaugh

homes.luckenbaugh@gmail.com +1(703) 680-2631

Listed by Javier Rivera • Keller Williams Village Square Realty

$ 785,000

Est. payment | -/mo

5,663 Sqft Lot

Save

$ 785,000

Est. payment | -/mo

Save

5,663 Sqft Lot

Open House

Sat Aug 15, 12:00pm - 2:00pm

Sun Aug 16, 12:00pm - 2:00pm

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Subdivision Not Available

MLS Listing ID NJES2000372

Style Colonial

Year Built 1927

Available Date 2026-08-08

Annual Tax Amount $15,124

Tax Year 2025

Lot Size 5,663 Sqft

Acres 0.13

Property Sub-Type Detached

Source BRIGHT

Property Description

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.

Location

State NJ

County Essex

Area Maplewood Twp (20711)

Zoning R-3

Rooms

Basement Unfinished

Interior

Hot Water Natural Gas

Heating Baseboard - Hot Water, Radiant, Radiator, Steam

Cooling Ceiling Fan(s), Window Unit(s)

Flooring Hardwood

Equipment Oven/Range - Gas, Refrigerator, Washer, Dryer, Water Heater

Fireplace N

Appliance Oven/Range - Gas, Refrigerator, Washer, Dryer, Water Heater

Heat Source Natural Gas

Laundry Basement

Exterior

Exterior Feature Patio(s)

Parking Features Additional Storage Area

Garage Spaces 8.0

Water Access N

View Street

Roof Type Shingle

Accessibility None

Porch Patio(s)

Total Parking Spaces 8

Garage Y

Private Pool No

Building

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade

New Construction N

Schools

School District South Orange-Maplewood Schools

Others

Tax ID 0711-45.01-450

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, Negotiable, VA

Listing Terms Cash, Conventional, FHA, Negotiable, VA

Financing Cash,Conventional,FHA,Negotiable,VA

Special Listing Condition Standard

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(703) 680-2631

homes.luckenbaugh@gmail.com

GET MORE INFORMATION

374 BOYDEN AVE Maplewood, NJ 07040