374 Boyden AVE, Maplewood, NJ 07040
374 Boyden AVE, Maplewood, NJ 07040
374 Boyden AVE, Maplewood, NJ 07040
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Damarys Cover

Damarys Cover

+1(848) 266-0038
$785,000
Est. payment /mo
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Sun Aug 16, 12:00pm - 2:00pm

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Key Details

Property Type Multi-Family

Sub Type 3 Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 2702006R

Year Built 1924

Annual Tax Amount $15,124

Tax Year 2025

Lot Dimensions 141.00 x 40.00

Property Sub-Type 3 Family

Source CJMLS API

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 recurring operating expenses 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. 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 and major highways.

Location

State NJ

County Essex

Rooms

Basement Partially Finished, Full, Bath Full, Storage Space, Utility Room, Laundry Facilities

Interior

Interior Features Unit 1(3 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(Dining Room, 2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 3(2 Bedrooms, Kitchen, 1 Bath, Living Room)

Heating Baseboard, Radiant, Radiators-Steam, Steam

Cooling Ceiling Fan(s), A/C Wall Unit(s), A/C Window Unit(s)

Appliance Water Heater(Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator)

Heat Source Natural Gas

Exterior

Exterior Feature Patio, Porch(es) - Enclosed, Porch(es) - Open, Deck, Fencing/Wall, Porch

Garage Spaces 2.0

Fence Fencing/Wall

Utilities Available Electricity Connected, Natural Gas Connected

Roof Type Asphalt

Porch Patio, Enclosed, Porch(es) - Open, Deck, Porch

Building

Lot Description Wooded, Level

Story 3

Sewer Public Sewer

Water Public

Others

Senior Community no

Tax ID 071145.01450

Ownership Partnership

Energy Description Natural Gas

Virtual Tour https://www.propertypanorama.com/instaview/msx/2702006R

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Central Jersey MLS (CJMLS)
Listed by KELLER WILLIAMS VILLAGE SQUARE

NEARBY SCHOOLS & PROPERTIES

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Damarys Cover

Damarys Cover

+1(848) 266-0038

Agent | License ID: 2183530

Agent License ID: 2183530

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374 Boyden AVE