Renovated Two-Bedroom
10 Henry Pl # 1, Maplewood, NJ 07040
For Sale
New
Contact for pricing
Water, heat, and parking are included with this ground-floor residence.
Property Size800 SF
Price / SF$3
Days on Market2
Property Features for 10 Henry Pl # 1
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Road Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Parking per Unit
Amenities
solar panels
new appliances
Gas-Natural
Ground
2
Public Water
37X224
0.19
Building Details
Year Built
Listing Agency:
BOUTIQUE REALTY LLC
(551) 239-8040
Listed By:
Reisha Baker
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 9 at 8:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BOUTIQUE REALTY LLC
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Investment Insights
Based on property information with market context.
This 800-square-foot, ground-floor apartment is part of a two-family home built in 1930. The layout has two bedrooms, one bathroom, a formal dining room, an eat-in kitchen, and a large living room. Dark wood floors run through the unit, and the kitchen, bathroom, and appliances have been updated. The residence is vacant and includes solar panels.
The property is on a dead-end street in Maplewood Township, New Jersey. Two parking spaces are located at the rear of the home. Water and heat are included; the occupant is responsible for electricity, internet, cable, and renters insurance.
The property is on a dead-end street in Maplewood Township, New Jersey. Two parking spaces are located at the rear of the home. Water and heat are included; the occupant is responsible for electricity, internet, cable, and renters insurance.
Key Highlights
- 800‑square‑foot ground‑floor apartment in a two‑family home
- Two bedrooms and one bathroom
- Updated kitchen, bathroom, and appliances; dark wood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,302
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,040
$246.0K
Cap Rate 7%
$175,743
$175.7K
Cap Rate 9%
$136,689
$136.7K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$24.0K $30.00/SF
− Vacancy
−$1.6K −$2.04/SF
EGI
$22.4K $27.96/SF
− OpEx
−$10.1K −$12.58/SF
NOI
$12.3K $15.38/SF
Area
Essex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,040
Cap Rate 7%
$175,743
Cap Rate 9%
$136,689
Alternative Uses
Best Use
Apartment 5plus
$175.7K
$153.8K – $205.0K
NOI $12,302 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$208.9K
$182.8K – $243.7K
NOI $14,623 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,205
Businesses Nearby
Explore this area
Business Placement
Demographics for 07040, NJ
25,684
Population
8,981
Households
2.9
Avg Household Size
39
Median Age
69%
College-Educated
96%
High-School Grad
3.9 sq mi
ZIP Area
6,586
Density / Sq Mi
$167,428
Median Household Income
$72,475
Median Earnings
$2,184
Median Rent
$684,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Residential income properties in Maplewood, NJ
Properties on Market for Residential income properties in Maplewood
Frequently Asked Questions
What type of property is this?
Residential income property - Water, heat, and parking are included with this ground-floor residence.
Where is this residential income property located?
The property is located at 10 Henry Pl # 1 Maplewood, NJ.
What are key features of this property?
This property features: 800‑square‑foot ground‑floor apartment in a two‑family home; Two bedrooms and one bathroom; Updated kitchen, bathroom, and appliances; dark wood floors
