Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spacious Apartment Near Transportation Title is generated by Realmo AI

    1669 Springfield Ave 4, Maplewood, NJ 07040

    View on Map
    Claim this Listing
    For Lease
    $2,200 /Mo

    Large, bright 2BR apartment near trains, shopping, and parks.

    Type:Multi Family
    Added:
    May 20, 2026
    Days on Market:
    8
    Last Refresh:
    May 20 at 11:27 am

    Property Features for 1669 Springfield Ave 4

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1926

    We can help!

    Listing Contact
    AGOSTINO SAVINO

    Listing agent AGOSTINO SAVINO

    Listing office COLDWELL BANKER RESIDENTIAL BROKERAGE

    Listing date May 20, 2026

    Source Elliman

    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 COLDWELL BANKER RESIDENTIAL BROKERAGE

    HighLights

    • Convenient location near trains, shopping, schools, and parks.
    • Large, bright rooms with high ceilings and ample storage.
    • Newer kitchen, bathroom, and windows.
    • Hardwood floors in living room, dining room, foyer, and bedrooms.
    • Heat and water included in rent.
    • Off‑street parking available (up to 2 spots for $50/spot/month).

    Overview

    This large 2-bedroom apartment is situated in a location convenient to trains, shopping, schools, and parks. The apartment features a newer kitchen, a newer bathroom, and newer windows. Hardwood floors are present in the living room, dining room, foyer, and bedrooms. Coin-operated laundry facilities are available in the building, and additional storage space is also available. Up to two off-street parking spots can be rented for $50 per spot per month. Cats are permitted, but dogs are not. Tenants are responsible for the first $100 of each repair and are required to carry tenant's insurance. Smoking is permitted outside only. The Maplewood Jitney service, which provides transportation to the train station, has a pickup location nearby. Heat and water are included in the rent. The bike score is 48, indicating it is somewhat bikeable, and the walk score is 73, indicating it is very walkable.
    Location Intelligence

    Current Use by Public Records

    Campy Ravioli Grocery & Convenience Store My Hands Your ... Hair Salon

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Maplewood
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2600387
    Latitude
    40.7219335

    Nearby Similar for Lease

    • $4,400/Mo
      1,423 SF

      Maplewood Retail/Office/Medical Space Available

      Turn-key space in Maplewood's business district, ideal for various uses.
      1844 Springfield Ave, Maplewood Twp., NJ 07040
      View Details
    • $4,000/Mo
      1,223 SF

      Retail Space in Maplewood Village

      1,223 sq ft retail space in prime location.
      168 Maplewood Ave, Maplewood Twp., NJ 07040
      View Details
    • $5,500/Mo

      Maplewood Village Retail Opportunity

      Prime retail space in a vibrant, walkable downtown setting.
      168 Maplewood Ave, Maplewood Twp., NJ 07040
      View Details
    • $2,450/Mo
      800 SF

      Retail Space in Maplewood Village

      Retail space with frontage and parking near Maplewood Train.
      534 Valley St, Maplewood Twp., NJ 07040
      View Details
    • $4,500/Mo
      12,900 SF

      Maplewood Commercial Space For Lease

      Commercial space in a vibrant Maplewood business district.
      2075 Millburn Ave, Maplewood Twp., NJ 07040
      View Details
    • $2,300/Mo

      Updated Retail Storefront For Lease

      Retail storefront for lease on busy Springfield Avenue.
      1921 Springfield Ave, Maplewood Twp., NJ 07040
      View Details
    • $2,600/Mo

      Storefront in Business District

      Storefront for rent in a high-traffic business district.
      1910 Springfield #STORE, Maplewood, NJ 07040
      View Details
    • $3,000/Mo

      Renovated Maplewood Apartment with Parking

      Recently renovated 3-bedroom apartment with modern kitchen and parking.
      6 Menzel Ave 2, Maplewood Twp., NJ 07040-3308
      View Details
    • $2,000/Mo

      Maplewood Apartment with New Kitchen

      Move-in ready apartment with new kitchen and hardwood floors.
      215 Jacoby St, Maplewood Twp., NJ 07040-3305
      View Details
    • $3,500/Mo

      Renovated Rental in Maplewood

      Modern, renovated apartment in Maplewood with easy access to NYC.
      16 Jacoby St 2, Maplewood Twp., NJ 07040-3150
      View Details
    • $18 SF/Yr
      5,000 SF

      Maplewood Mixed-Use Commercial Space

      Retail, office, and warehouse space on Springfield Avenue.
      1747 Springfield Ave, Maplewood Twp., NJ 07040
      View Details
    • $32,000 SF/Yr

      Garage Space with Office Area

      Garage space with office, parking, and proximity to transport.
      24 Burnett Ave, Maplewood Twp., NJ 07040
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Large, bright 2BR apartment near trains, shopping, and parks.
    Where is this multifamily property located?
    The property is located at 1669 Springfield Ave 4 Maplewood, NJ.
    What is the lease rate?
    The lease rate is $2,200 /Mo.
    What are key features of this property?
    This property features: Convenient location near trains, shopping, schools, and parks.; Large, bright rooms with high ceilings and ample storage.; Newer kitchen, bathroom, and windows.
    (973) 378-8300
    We can help!
    Listing Contact
    AGOSTINO SAVINO
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1669 Springfield Ave 4, Maplewood Twp., NJ 07040-2946
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!