113 Park Pl Plainfield, NJ 07060
MULTI_FAMILY - North Plainfield Boro, NJ
Property Features for 113 Park Pl
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 5, Basement, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2
- Parking
- 6
- Standard status
- Active
- Size
- 2,735 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12902
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agent JOCSAN GARCIA License #3619739 (866) 201-6210
Listing office EXP REALTY, LLC 28 VALLEY ROAD #1, Montclair, NJ (866) 201-6210
Listing date May 28, 2026
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.
The two units are configured for varied household needs. Unit 1 is a 1-bedroom, 1-bath layout with a living room, dining room, and den. Unit 2 is a multi-level unit with Level 2 offering 2 bedrooms, 1 bath, a living room, and a kitchen. Level 3 provides an additional 2 bedrooms and 1 bath with a separate small kitchen area. The seller notes the property is located within the Historic District in North Plainfield.
Ideal for investors or owner-occupants seeking a renovated income property with distinct unit layouts, this home is offered as-is. Parking is a practical benefit for tenants and guests, and the detached garage setup can support day-to-day convenience. Unit configurations provide options for residents who may need bedroom flexibility across levels within Unit 2, while Unit 1 supports a more compact one-bedroom household.
Key Highlights
- Renovated 2‑family home built in 1900 with public water and public sewer
- Updated about 4.5 years ago: new kitchen, bathrooms, floors, roof (shingle), gutters, and exterior paint
- Unit 1: 1 bed, 1 bath, with living room, dining room, and den
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 | $59.1k | $21.60 |
| − Vacancy | −$3.3k | −$1.21 |
| EGI | $55.8k | $20.39 |
| − OpEx | −$16.7k | −$6.12 |
| NOI | $39.0k | $14.27 |
