Two-Unit Residential
950 Mount Benevolence Rd, Newton, NJ 07860
MULTI_FAMILY - Stillwater Twp., NJ
Property size:
2,498 SFLot size:
2.30 AcresPrice / SF:
$196/SF- Added:
- May 14, 2026
- Days on Market:
- 55
- Last Refresh:
- Jul 7 at 4:06 pm
Property Features for 950 Mount Benevolence Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-5A
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 4, Basement, Bedroom 3
- Parking
- 5
- Patio and Porch features
- Porch, Deck
- Interior features
- Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Wood Floors
- Exterior features
- Deck, Open Porch(es)
- Standard status
- Active
- Size
- 2,498 SF
- Lot size
- 2.30 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8296
Utilities
- Utilities
- Cable Available
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 1860
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agent JULIE FLEMING License #240500 (973) 219-5355
Listing office WEICHERT REALTORS 92 WOODPORT ROAD -, Sparta, NJ (973) 729-2700
Listing date May 14, 2026
MLS# 4027791
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.
HighLights
- Two separate units on a private 2.3‑acre wooded lot in Stillwater Township
- Main‑level unit has 3 bedrooms, 2 full bathrooms, a den/home office, eat‑in kitchen, and laundry/mud room with its own exterior entrance
- Rear deck for the main‑level unit overlooks the property; second‑floor unit has its own deck and private side entrance
- Walk‑out basement offers storage, workshop, utility room, freshly painted bonus room, and an additional full bathroom
- Utilities include cable available; water source is a well
- Central air, wood floors, shingle roof, and safety features including smoke detectors, carbon monoxide detector, and fire extinguisher
Overview
This two-unit residential duplex is set up to function as separate living spaces, with a main-level unit and a second-floor unit. The main unit features three bedrooms and two full bathrooms, along with a den/home office, a bright eat-in kitchen, a living room, and a convenient laundry/mud room with its own private exterior entrance. A rear deck overlooks the property, and additional space is provided in the walk-out basement, including storage, a workshop, a utility room, and a freshly painted bonus room with an additional full bathroom. The second-floor unit offers one bedroom and one full bathroom, with separate parking, a private side entrance, and a deck overlooking the side yard.
Located in Stillwater Township, NJ, the property sits on a private 2.3-acre wooded lot. Both levels include outdoor deck space, and the setting is described as offering scenic views. The area is positioned near outdoor recreation opportunities, including parks for hiking, swimming, boating, fishing, and sports, with Swartswood State Park noted as minutes away.
The layout can suit an owner-occupant who wants one unit while maintaining rental income potential from the other. With private entrances and separate decks for each unit, the configuration supports privacy and flexible use. The walk-out basement’s storage, workshop, and bonus room add practical space for a range of home office or creative needs.
Located in Stillwater Township, NJ, the property sits on a private 2.3-acre wooded lot. Both levels include outdoor deck space, and the setting is described as offering scenic views. The area is positioned near outdoor recreation opportunities, including parks for hiking, swimming, boating, fishing, and sports, with Swartswood State Park noted as minutes away.
The layout can suit an owner-occupant who wants one unit while maintaining rental income potential from the other. With private entrances and separate decks for each unit, the configuration supports privacy and flexible use. The walk-out basement’s storage, workshop, and bonus room add practical space for a range of home office or creative needs.
Local 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 | $63.8k | $25.56 |
| − Vacancy | −$4.1k | −$1.65 |
| EGI | $59.7k | $23.91 |
| − OpEx | −$17.9k | −$7.17 |
| NOI | $41.8k | $16.74 |
2,498 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$597.2K
$522.6K – $696.8K
NOI $41,807 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$548.8K
$480.2K – $640.2K
NOI $38,414 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$652.3K
$570.7K – $761.0K
NOI $45,659 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Sussex
- State
- New Jersey
- Longitude
- -74.8434
- Latitude
- 41.09775
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two separate units on a private wooded lot with decks and private entrances, plus added finished space in a walk-out basement.
Where is this duplex located?
The property is located at 950 Mount Benevolence Rd Newton, NJ.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Two separate units on a private 2.3‑acre wooded lot in Stillwater Township; Main‑level unit has 3 bedrooms, 2 full bathrooms, a den/home office, eat‑in kitchen, and laundry/mud room with its own exterior entrance; Rear deck for the main‑level unit overlooks the property; second‑floor unit has its own deck and private side entrance
