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Listed by Javier Rivera Keller Williams Village Square Realty
$ 785,000
Est. payment /mo
Open Sat 12PM-2PM
374 Boyden AVE Maplewood, NJ 07040
7 Beds
4 Baths
Open House
Sat Aug 15, 12:00pm - 2:00pm
Sun Aug 16, 12:00pm - 2:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26029095
Style 3 Family
Bedrooms 7
Full Baths 4
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 features three spacious apartments with practical layouts, offering immediate rental income and long-term investment potential. Current gross rental income is $85,800 annually, with seller-reported operating expenses resulting in an estimated Net Operating Income (NOI) of approximately $51,263 and an estimated 6.53% cap rate at the $785,000 asking price. Financial information is believed to be accurate but should be independently verified by purchasers. Conveniently located just minutes from Maplewood Village, NJ Transit train and bus service, Maplecrest Park, local shopping, restaurants, schools, and major highways, this property offers an ideal combination of location, convenience, and income potential. Whether you’re looking to expand your investment portfolio or purchase a well-located multi-family property with future owner-occupancy possibilities, this is a rare opportunity in one of Essex County’s most sought-after communities. Property is fully occupied. Showings by confirmed appointment only with a minimum of 24-hour notice. Please do not disturb tenants.
Location
State NJ
County Essex
Interior
Laundry Basement
Exterior
Garage Spaces 2.0
