301 E 9Th Ave Roselle, NJ 07203
MULTI_FAMILY - Roselle Boro, NJ
- Added:
- May 15, 2026
- Days on Market:
- 58
- Last Refresh:
- Jul 11 at 9:06 pm
Property Features for 301 E 9Th Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 3, Basement
- Parking
- 2
- Interior features
- Vinyl-Linoleum Floors, Wood Floors
- Standard status
- Pending
- Size
- 2,604 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9421
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Number of units
- 3
- Roof type
- Shingle
- Architectural style
- Other
Listing agent OLIVIER LOUIS License #448560 (908) 664-1500
Listing office RE/MAX FIRST REALTY II 409 NORTH AVENUE E ,, Cranford, NJ (908) 664-1500
Listing date May 15, 2026
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.
Major improvements were completed in 2019, including a new roof, new siding, and mostly new windows. The building has separate utilities, with tenants paying their own heat, gas, and electric, helping minimize owner expenses. A one-car garage is also included.
The property is located at 301 E 9Th Ave in Roselle Boro, NJ, Union County. The listing notes the property qualifies for FHA financing due to the greater residential square footage, making it suitable for an owner occupant who would live in one unit while renting the others.
Key Highlights
- 3‑unit mixed‑use building: ground‑floor neighborhood convenience store plus a 3‑bedroom apartment on the 2nd floor and a 1‑bedroom unit on the 3rd floor
- Major 2019 improvements include new roof and new siding, along with mostly new windows
- Both residential units are currently vacant, offering flexibility for an owner‑occupant or selecting new tenants
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.6k | $25.56 |
| − Vacancy | −$4.3k | −$1.65 |
| EGI | $62.3k | $23.91 |
| − OpEx | −$18.7k | −$7.17 |
| NOI | $43.6k | $16.74 |
