Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    355 Elm St Stirling, NJ 07980

    View on Map
    Pending
    $639,000

    Under/Over, Multi-Family - Long Hill Twp., NJ

    Lot size:
    0.17 Acres
    Added:
    Oct 3, 2025
    Days on Market:
    182
    Last Refresh:
    Apr 2 at 10:06 pm

    Property Features for 355 Elm St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Kitchen, Laundry, Living Room, Utility Room
    Parking
    6
    Patio and Porch features
    Porch, Deck
    Interior features
    Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors, Wood Floors
    Exterior features
    Deck, Open Porch(es), Outbuilding(s), Partially Fenced, See Remarks, Storm Window(s), Wood Fence
    Fencing
    Fenced, Partial, Wood
    Basement Y/N
    1
    Appliances
    Dryer, Oven - Gas, Range, Refrigerator
    Standard status
    Pending
    Lot size
    0.17 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    7862

    Utilities

    Cooling system
    Multi Units

    Building Details

    Year built
    1973
    Number of units
    2
    Roof type
    Asphalt, Shingle
    Architectural style
    Other
    Additional Structures
    Outbuilding, See Remarks

    We can help!

    Listing Contact
    GARY GIANAKIS

    Listing agent GARY GIANAKIS

    Listing office KL SOTHEBY'S INT'L. REALTY 68 NORTH FINLEY AVENUE, Basking Ridge, NJ

    Listing date Oct 3, 2025

    MLS# 3990543 Listing URL

    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.

    Overview

    Versatile Multi-Family Home with Options

    This legal 2-family property offers versatile living options. The upper two floors feature 2 bedrooms and 2 full baths, including a bonus room with a closet, a living room, and an eat-in kitchen that provides access to the rear deck. The walk-out lower level contains a self-contained studio apartment with a private entry, a full bath, and access to a laundry/utility room. An oversized 2-car garage with a loft provides storage, workshop, or hobby space. Situated on a 0.17-acre lot, the property includes a welcoming front porch and a large rear deck. The layout provides opportunities for living, working, or generating income. The property is located near town, restaurants, schools, and direct NYC train service in Long Hill Twp., NJ.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stirling
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4975
    Latitude
    40.67488

    Nearby Similar for Sale

    • $835,000
      2,200 SF

      Retail Property in Long Hill

      Retail space for sale in Long Hill Twp., NJ.
      246-246a Main Ave, Long Hill Twp., NJ 07980-1454
      View Details
    • $950,000
      4,000 SF

      Mixed-Use Building Near Stirling Station

      Three-unit mixed-use building with retail and apartments near transit.
      192 Central Ave, Long Hill Twp., NJ 07980
      View Details
    • $1,450,000
      5,175 SF

      Renovated Freestanding Office Building

      5,175 SF renovated office building, formerly a veterinarian practice.
      321 Warren Ave, Long Hill Twp., NJ 07980
      View Details
    • $2,200,000
      11,000 SF

      Elevatored Retail/Office Center For Sale

      Two-story, 11,000 SF retail/office center on 0.859 acres.
      1107 Valley Road, Stirling, NJ 07980
      View Details
    • $2,400

      Office Space with Natural Light

      Office space with on-site parking, natural light, and private offices.
      320 ESSEX ST, Stirling, NJ 07980
      View Details

    FAQs

    What type of property is this?
    Duplex - Legal 2-family home with flexible living, work, or income options.
    Where is this duplex located?
    The property is located at 355 Elm St Stirling, NJ.
    What is the asking price?
    The asking price for this property is $639,000.
    What are key features of this property?
    This property features: Legal 2‑family home with flexible layout suitable for various lifestyles.; Self‑contained studio apartment in walk‑out lower level with private entry.; Oversized 2‑car garage with loft for storage, workshop, or hobbies.
    (908) 696-8600
    We can help!
    Listing Contact
    GARY GIANAKIS
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!