Search
Inviting Two-Level Residential Property
For Sale
$850,000

266 Elmwood Ave, Maplewood, NJ 07040

Comfortable, versatile home with investment potential in a convenient location.

Property SizeContact for details
Days on Market147

Property Features for 266 Elmwood Ave

General Information

Standard status Active
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $17,162

Building Details

Year Built 1941
Units 2
Listed By: SHAWN MCENTEER
Source: Elliman
Added: Apr 10 Changed: Aug 16 Last Checked: Sep 2 at 7:12PM

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 SHAWN MCENTEER

Investment Insights

Based on property information with market context.

This two-level residence offers a blend of comfort, functionality, and investment potential. The main level features two bedrooms, a full bathroom, and a bright living area. The dining space flows from the living room, creating a setting for shared meals, while the spacious kitchen provides room to cook and connect. The fully finished lower level offers a private bedroom, full bathroom, and dedicated storage room. This space can serve as a guest suite, rental unit, home office, or personal retreat, making it attractive for investors looking for added income potential. The property is suitable for first-time buyers, growing households needing flexible space, or investors seeking a property with rental appeal. The bike score is 50, making it bikeable. The walk score is 68, indicating it is somewhat walkable. The transit score is 55, indicating good transit options.

Key Highlights

  • Fully finished lower level with private bedroom and bathroom offers income potential or flexible living space.
  • Two‑level residence with two bedrooms and a full bathroom on the main level.
  • Bright and inviting living area and dining space perfect for relaxing and entertaining.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Skin Care Clinic Acupuncture Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,233
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Comfortable, versatile home with investment potential in a convenient location.
Where is this duplex located?
The property is located at 266 Elmwood Ave Maplewood, NJ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Fully finished lower level with private bedroom and bathroom offers income potential or flexible living space.; Two‑level residence with two bedrooms and a full bathroom on the main level.; Bright and inviting living area and dining space perfect for relaxing and entertaining.
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