Triplex with Separate
For Sale
$1,100,000
126 Wilson St, Boonton, NJ 07005
Three residential units offer distinct layouts, separate utilities, and on-site parking near downtown Boonton and NJ Transit.
Property Size2,896 SF
Price / SF$379.83
Days on Market63
Property Features for 126 Wilson St
General Information
Standard status
Active
Size
2,896 SF
Total Parking Spaces
7
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
3
Building Details
Year Built
1915
Buildings
1
Listing Agency:
KELLER WILLIAMS PROSPERITY REALTY
Listed By:
ROBERT E GANNON
(908) 867-2050
Source:
Luminancerealty
Added: Aug 13
Changed: Oct 5
Last Checked: Oct 13 at 1:56AM
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 KELLER WILLIAMS PROSPERITY REALTY
Investment Insights
Based on property information with market context.
Built in 1915, this three-unit residential property includes varied layouts across Units 126, 128A, and 128B. Unit 126 occupies the left side and includes three to four bedrooms, a kitchen, dining room, living room, sun room, office or bedroom, laundry room, full bathroom, and walk-up attic storage. Unit 128A includes a finished basement with a bedroom, bonus room, full bath, laundry, storage, and utility rooms, along with a main-level bedroom, sitting room, kitchen, living room, mud room, and full bath. Unit 128B is located above 128A and includes a bedroom, living room, kitchen, full bathroom, and attic storage access.
The property has separate utilities for all units, newer heat and hot water serving Units 128A and 128B, and on-site parking for 7 cars. Its Boonton location provides access to downtown shops, dining, the NJ Transit station, major highways, and mass transit.
The property has separate utilities for all units, newer heat and hot water serving Units 128A and 128B, and on-site parking for 7 cars. Its Boonton location provides access to downtown shops, dining, the NJ Transit station, major highways, and mass transit.
Key Highlights
- Three‑unit residential property built in 1915
- Separate utilities serving all units
- On‑site parking for 7 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,468
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$969,360
$969.4K
Cap Rate 7%
$692,400
$692.4K
Cap Rate 9%
$538,533
$538.5K
Market Conditions
NOI Build-Up for 2,896 SF
Gross rent
$74.0K $25.56/SF
− Vacancy
−$4.8K −$1.65/SF
EGI
$69.2K $23.91/SF
− OpEx
−$20.8K −$7.17/SF
NOI
$48.5K $16.74/SF
Area
Morris 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%
$969,360
Cap Rate 7%
$692,400
Cap Rate 9%
$538,533
Alternative Uses
Best Use
Multifamily LT 5
$692.4K
$605.9K – $807.8K
NOI $48,468 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$636.2K
$556.7K – $742.3K
NOI $44,535 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$756.2K
$661.7K – $882.2K
NOI $52,934 @ 7.0% cap · market cap 4.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
790
Businesses Nearby
Explore this area
Business Placement
Demographics for 07005, NJ
15,985
Population
6,115
Households
2.6
Avg Household Size
43
Median Age
56%
College-Educated
96%
High-School Grad
18.3 sq mi
ZIP Area
873
Density / Sq Mi
$126,411
Median Household Income
$66,198
Median Earnings
$1,779
Median Rent
$565,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer distinct layouts, separate utilities, and on-site parking near downtown Boonton and NJ Transit.
Where is this triplex located?
The property is located at 126 Wilson St Boonton, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Three‑unit residential property built in 1915; Separate utilities serving all units; On‑site parking for 7 cars
