Triplex with Ground-Floor Convenience
For Sale
$649,900
Pending
301 E 9Th Ave, Roselle, NJ 07203
MULTI_FAMILY - Roselle Boro, NJ
Property Size2,604 SF
Lot Size0.06 Acres
Days on Market106
Property Features for 301 E 9Th Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Basement, Bathroom 1, Bedroom 2
Parking
2
Interior features
Vinyl-Linoleum Floors, Wood Floors
Lot features
Corner
Directions
EAST ST. GEORGES AVE TO CHESTNUT TO EAST 9TH AVE
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 Agency:
RE/MAX FIRST REALTY II · RE/MAX International
(908) 664-1500
Listed By:
OLIVIER LOUIS · License #448560
(908) 664-1500
Added: May 15
Changed: Aug 18
Last Checked: Aug 28 at 7:06PM
MLS# 4028069
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 mixed-use triplex combines commercial and residential income in a single, well-maintained building. The first floor is occupied by a neighborhood convenience store, while the second floor offers an updated three-bedroom apartment and the third floor features an updated one-bedroom unit. Both residential units are currently vacant, providing flexibility for an owner occupant or a new tenant lineup. Interior finishes include vinyl-linoleum floors and wood floors, and the building has ceiling fan(s).
Major improvements were completed in 2019, including a new roof and new siding, along with mostly new windows. The property is served by public water and public sewer, and it has separate utilities so tenants pay their own heat, gas, and electric. A one-car garage is also included.
Built in 1920, the property sits on a 0.06-acre lot with 2,604 square feet of building area. The commercial space and residential units create a practical live-in-or-lease arrangement for a range of buyers.
Major improvements were completed in 2019, including a new roof and new siding, along with mostly new windows. The property is served by public water and public sewer, and it has separate utilities so tenants pay their own heat, gas, and electric. A one-car garage is also included.
Built in 1920, the property sits on a 0.06-acre lot with 2,604 square feet of building area. The commercial space and residential units create a practical live-in-or-lease arrangement for a range of buyers.
Key Highlights
- 2019 major improvements: new roof, new siding, and mostly new windows
- Ground‑floor neighborhood convenience store plus two residential units
- Updated second‑floor three‑bedroom apartment and updated third‑floor one‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,581
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$871,620
$871.6K
Cap Rate 7%
$622,586
$622.6K
Cap Rate 9%
$484,233
$484.2K
Market Conditions
NOI Build-Up for 2,604 SF
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.
Gross rent
$66.6K $25.56/SF
− Vacancy
−$4.3K −$1.65/SF
EGI
$62.3K $23.91/SF
− OpEx
−$18.7K −$7.17/SF
NOI
$43.6K $16.74/SF
Area
Union 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$871,620
Cap Rate 7%
$622,586
Cap Rate 9%
$484,233
Alternative Uses
Best Use
Multifamily LT 5
$622.6K
$544.8K – $726.4K
NOI $43,581 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$572.1K
$500.6K – $667.4K
NOI $40,044 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$680.0K
$595.0K – $793.3K
NOI $47,597 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
864
Businesses Nearby
Explore this area
Business Placement
Demographics for 07203, NJ
22,715
Population
8,430
Households
2.7
Avg Household Size
39
Median Age
26%
College-Educated
85%
High-School Grad
2.6 sq mi
ZIP Area
8,737
Density / Sq Mi
$82,967
Median Household Income
$45,458
Median Earnings
$1,499
Median Rent
$336,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit mixed-use triplex with a neighborhood convenience store on the first floor and updated apartments above.
Where is this triplex located?
The property is located at 301 E 9Th Ave Roselle, NJ.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 2019 major improvements: new roof, new siding, and mostly new windows; Ground‑floor neighborhood convenience store plus two residential units; Updated second‑floor three‑bedroom apartment and updated third‑floor one‑bedroom unit
