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Renovated Triplex with Central Air
New
For Sale
$1,295,000
Pending

235 Elmwood Ave, Maplewood, NJ 07040

Multi-Family, 3-Three Story, Maplewood Twp., NJ

Property SizeContact for details
Lot Size0.10 Acres
Days on Market1

Property Features for 235 Elmwood Ave

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Bathrooms 5
Full bathrooms 5
Rooms Basement, Bedroom 7, Bathroom 5, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 4, Bathroom 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 Pending
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 18821

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: Sep 15 Last Checked: Sep 15 at 1:06PM
MLS# 4052798

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 three-unit residential property spans 4 levels and has undergone extensive updates. Unit interiors include refinished hardwood and luxury vinyl flooring, fresh paint, LED overhead lighting, full-size laundry rooms, renovated kitchens with quartz counters, soft-close full-height cabinetry, and Samsung appliances. The bathrooms have also been modernized, while each unit maintains its own utilities and laundry facilities.

Exterior improvements include new siding, gutters and leaders, windows, garage doors, a garage roof, paved driveway, and landscaping. Mechanical updates include 3 forced-air HVAC units with central AC, 3 power-vent water heaters, and 3 electric panels. Built in 1924, the property sits on a 0.1-acre lot with public water and public sewer, along with a porch, sidewalks, curbs, thermal windows and doors, and a shingle roof.

Key Highlights

  • Three‑unit property arranged across 4 levels
  • 0.1‑acre lot in Maplewood Twp., NJ
  • 3 forced‑air HVAC units with central AC

Property Analytics

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Current Use

Triplexes

Suggested Use

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

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

3
Residential units

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Each unit has private utilities and full-size laundry, plus quartz-counter kitchens and updated bathrooms.
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: Three‑unit property arranged across 4 levels; 0.1‑acre lot in Maplewood Twp., NJ; 3 forced‑air HVAC units with central AC
More about this property
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