Triplex with Outdoor
11-13-15 Mageira Street, South River, NJ 08882
For Sale
$949,900
Under Contract
Residential Income, South River, NJ
Property Size4,270 SF
Lot Size0.11 Acres
Price / SF$222.46
Days on Market51
Property Features for 11-13-15 Mageira Street
General Information
Property type
Property subtype
Zoning
Zoning description
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Interior features
Exterior features
Appliances
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
off-street parking
laundry hookups
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Additional Structures
Listing Agency:
COLDWELL BANKER REALTY · Coldwell Banker Real Estate
(732) 254-3750
Listed By:
Dana Jensen Fernandes
(732) 371-0712
Added: Sep 20
Changed: Oct 26
Last Checked: Nov 9 at 6:06AM
MLS# 2704857R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,270-square-foot triplex sits on a 0.11-acre lot and was built in 1916. Each unit has a separate basement area with laundry hookups and storage space. Outdoor features include a patio, porch, and yard, with off-street parking also available. The property is served by public water and sewer and has R75 zoning.
The existing three-unit configuration has potential for a fourth unit, subject to municipal approvals and buyer due diligence.
The existing three-unit configuration has potential for a fourth unit, subject to municipal approvals and buyer due diligence.
Key Highlights
- Three‑family property totaling 4,270 square feet
- 0.11‑acre lot with R75 zoning
- Potential for a fourth unit, subject to municipal approvals and buyer due diligence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,463
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,429,260
$1.4M
Cap Rate 7%
$1,020,900
$1.0M
Cap Rate 9%
$794,033
$794.0K
Market Conditions
NOI Build-Up for 4,270 SF
Gross rent
$109.1K $25.56/SF
− Vacancy
−$7.1K −$1.65/SF
EGI
$102.1K $23.91/SF
− OpEx
−$30.6K −$7.17/SF
NOI
$71.5K $16.74/SF
Area
Middlesex County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,429,260
Cap Rate 7%
$1,020,900
Cap Rate 9%
$794,033
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$893.3K – $1.19M
NOI $71,463 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$938.1K
$820.8K – $1.09M
NOI $65,664 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$1.11M
$975.6K – $1.30M
NOI $78,049 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
Explore this area
Business Placement
Demographics for 08882, NJ
16,118
Population
5,789
Households
2.8
Avg Household Size
39
Median Age
31%
College-Educated
86%
High-School Grad
2.8 sq mi
ZIP Area
5,756
Density / Sq Mi
$101,853
Median Household Income
$51,323
Median Earnings
$1,599
Median Rent
$382,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Middlesex County, NJ
Properties on Market for Triplexes in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units have separate basement areas with laundry hookups and storage.
Where is this triplex located?
The property is located at 11-13-15 Mageira Street South River, NJ.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Three‑family property totaling 4,270 square feet; 0.11‑acre lot with R75 zoning; Potential for a fourth unit, subject to municipal approvals and buyer due diligence
