Mixed-Use Triplex with Convenience
301 E 9Th Ave Roselle, NJ 07203
For Sale
$649,900
Pending
MULTI_FAMILY - Roselle Boro, NJ
Property Size2,604 SF
Lot Size0.06 Acres
Days on Market71
Property Features for 301 E 9Th Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 4, Basement, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2
- Parking
- 2
- Interior features
- Vinyl-Linoleum Floors, Wood Floors
- Standard status
- Pending
- Size
- 2,604 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9421
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Number of units
- 3
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
RE/MAX FIRST REALTY II
(908) 664-1500
Listed By:
OLIVIER LOUIS · License #448560
(908) 664-1500
Added: May 15
Changed: Jul 13
Last Checked: Jul 24 at 8:06AM
MLS# 4028069
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Well-maintained three-unit mixed-use property featuring a neighborhood convenience store on the first floor and two updated residential apartments above. The second floor contains a three-bedroom apartment, and the third floor contains a one-bedroom unit. Both residential units are currently vacant, providing flexibility for an owner occupant or a new tenant plan.
Major improvements were completed in 2019, including a new roof, new siding, and mostly new windows. The building has separate utilities, with tenants paying their own heat, gas, and electric, helping minimize owner expenses. A one-car garage is also included.
The property is located at 301 E 9Th Ave in Roselle Boro, NJ, Union County. The listing notes the property qualifies for FHA financing due to the greater residential square footage, making it suitable for an owner occupant who would live in one unit while renting the others.
Major improvements were completed in 2019, including a new roof, new siding, and mostly new windows. The building has separate utilities, with tenants paying their own heat, gas, and electric, helping minimize owner expenses. A one-car garage is also included.
The property is located at 301 E 9Th Ave in Roselle Boro, NJ, Union County. The listing notes the property qualifies for FHA financing due to the greater residential square footage, making it suitable for an owner occupant who would live in one unit while renting the others.
Key Highlights
- 3‑unit mixed‑use building: ground‑floor neighborhood convenience store plus a 3‑bedroom apartment on the 2nd floor and a 1‑bedroom unit on the 3rd floor
- Major 2019 improvements include new roof and new siding, along with mostly new windows
- Both residential units are currently vacant, offering flexibility for an owner‑occupant or selecting new tenants
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.6k | $25.56 |
| − Vacancy | −$4.3k | −$1.65 |
| EGI | $62.3k | $23.91 |
| − OpEx | −$18.7k | −$7.17 |
| NOI | $43.6k | $16.74 |
2,604 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$622.6K
$544.8K – $726.4K
NOI $43,581 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$572.1K
$500.6K – $667.4K
NOI $40,044 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$680.0K
$595.0K – $793.3K
NOI $47,597 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bk one stop ...
Grocery & Convenience Store
A CORNER STORE
Grocery & Convenience Store
FAQs
What type of property is this?
Triplex - Well-maintained three-unit property with a first-floor convenience store plus two updated residential apartments.
Where is this triplex located?
The property is located at 301 E 9Th Ave Roselle, NJ.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 3‑unit mixed‑use building: ground‑floor neighborhood convenience store plus a 3‑bedroom apartment on the 2nd floor and a 1‑bedroom unit on the 3rd floor; Major 2019 improvements include new roof and new siding, along with mostly new windows; Both residential units are currently vacant, offering flexibility for an owner‑occupant or selecting new tenants
