About this home

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.

Facts and features

Schools

• Seth Boyden Elementary School

  elementary · K-5 · 0.2 mi

  6

• Columbia Senior High School

  high · 9-12 · 1.2 mi

  6

• Maplewood Middle School

  middle · 6-8 · 1.3 mi

  6

• Good Shepherd Academy

  elementary · K-8 · 0.6 mi

• Good Shepherd Academy

  elementary · K-8 · 0.6 mi

• The Milton School

  elementary · 5-12 · 0.8 mi

Price history

• Nov 7, 2026 · Listed$785,000
• Aug 8, 2026 · Listing Removed—
• Aug 3, 2026 · Listed$785,000
• Aug 3, 2026 · Listed$785,000
• Aug 3, 2026 · Listed$785,000
• Aug 3, 2026 · Listed$785,000
• Aug 3, 2026 · Listed$785,000
• Sep 24, 2024 · Listing Removed—

Tax history

• 2025$15,123 tax · $629,900 assessed
• 2024$14,569 tax · $629,900 assessed
• 2023$11,788 tax · $326,000 assessed
• 2022$11,494 tax · $326,000 assessed
• 2021$11,145 tax · $326,000 assessed
• 2020$10,829 tax · $326,000 assessed
• 2019$10,516 tax · $326,000 assessed
• 2018$10,246 tax · $326,000 assessed

Home value

$804,095

• Quantarium$804,095
• Collateral Analytics$777,000
• Cotality$809,100

Where it is