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Modernized Three-Unit Residential Building
For Sale
$1,295,000

235 Elmwood Ave, Maplewood, NJ 07040

MULTI_FAMILY - Maplewood Twp., NJ

Property SizeContact for details
Lot Size0.10 Acres
Days on Market58

Property Features for 235 Elmwood Ave

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Bathrooms 5
Full bathrooms 5
Rooms Bathroom 5, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 3, Bathroom 2, Bathroom 1, Bathroom 4, Bedroom 7, Basement, Bedroom 5, Bedroom 4, Bedroom 1
Parking 3
Patio and Porch features Porch
Interior features High Ceilings, Tile Floors, Vinyl-Linoleum Floors, Walk-In Closet, Wood Floors
Exterior features Curbs, Open Porch(es), Sidewalk, Thermal Windows/Doors
Elementary school SOMSD III
Middle school SOMSD III
High school COLUMBIA
Directions Elmwood Avenue at corner of Meadowbrook Road
Standard status Active
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 18131

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1924
Floors in Building 3
Number of units 3
Roof type Shingle
Architectural style Other
Listing Agency: KELLER WILLIAMS MID-TOWN DIRECT · Keller Williams Realty
Listed By: ROBERT NORTHFIELD
Added: Jun 9 Changed: Aug 1 Last Checked: Aug 5 at 4:06PM
MLS# 4033311

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.

This modernized three-unit residential building is set up across four levels and presents updated finishes throughout. The units include refinished hardwood and luxury vinyl flooring, freshly painted interiors with LED overhead lighting, full-sized laundry rooms, renovated modern kitchens with quartz counters, soft-close full-height cabinetry, and Samsung appliances. Renovated bathrooms and practical interior features such as high ceilings, wood floors, and walk-in closets add to the livability.

The building updates include new siding, new gutters and leaders, new windows, new garage doors, a new garage roof, newly paved driveway, and new landscaping. On the systems side, there are new power vent water heaters (three), three new HVAC units with forced air and central AC, and three new electric panels. Each unit has its own utilities and laundry, supporting flexible occupancy.

Built in 1924, the property connects to public water and public sewer. Additional exterior features include curbs, sidewalks, open porches, and thermal windows and doors, along with a shingle roof.

Key Highlights

  • Modernized three‑family layout across four levels
  • Renovated kitchens with quartz counters, soft‑close cabinetry, and Samsung appliances
  • Each unit has its own utilities and full‑sized laundry room

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Acupuncture Storage Facility Skin Care Clinic

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

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,081
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
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Frequently Asked Questions

What type of property is this?
Triplex - Modernized Maplewood 3-family with updated interiors, separate utilities, and in-unit laundry across four levels.
Where is this triplex located?
The property is located at 235 Elmwood Ave Maplewood, NJ.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Modernized three‑family layout across four levels; Renovated kitchens with quartz counters, soft‑close cabinetry, and Samsung appliances; Each unit has its own utilities and full‑sized laundry room
More about this property
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