Mixed-Use Property with Residential
301 E 9Th Ave, Roselle, NJ 07203
Three-unit property with commercial and residential income in a strong market.
Type:Commercial
Property size:
2,604 SFLot size:
0.06 AcresPrice / SF:
$230/SF- Added:
- Nov 15, 2025
- Days on Market:
- 183
- Last Refresh:
- Apr 5 at 9:11 pm
Property Features for 301 E 9Th Ave
General Information
- Standard status
- Active
- Size
- 2,604 SF
- Lot size
- 0.06 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing agent OLIVIER LOUIS License #448560
Listing office RE/MAX FIRST REALTY II (908) 664-1500
Listing date Nov 15, 2025
Source Corcoran
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 RE/MAX FIRST REALTY II
HighLights
- Qualifies for FHA financing due to greater residential square footage, ideal for owner occupants.
- Three‑unit mixed‑use property with residential and commercial income streams.
- New roof and siding installed in 2019.
- Third‑floor two‑bedroom unit is recently updated and vacant, offering immediate occupancy or tenant selection.
- Tenants pay their own heat, gas, and electric, minimizing owner expenses.
- First floor occupied by a neighborhood convenience store, providing reliable rental income.
Overview
This well-maintained three-unit mixed-use property offers both residential and commercial income. The first floor is occupied by a neighborhood convenience store, providing steady foot traffic and reliable rental income. The second floor features a two-bedroom apartment, while the third floor offers another two-bedroom unit that has been recently updated and is currently vacant, allowing flexibility for an owner occupant or the ability to select a new tenant. Major improvements were completed in 2019, including a new roof and new siding. The building has separate utilities, with tenants paying their own heat, gas, and electric. A one-car garage is included. The property qualifies for FHA financing due to the greater residential square footage, making it suitable for an investor or owner occupant. It is located in Roselle Boro, NJ and has a property size of 2604 square feet.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$444.9K
NOI $40,044 @ 9.00% cap · cautious / downside scenario
Moderate
$572.1K
NOI $40,044 @ 7.00% cap · market / base-case scenario
Aggressive
$800.9K
NOI $40,044 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.1k | $30.00 |
| − Vacancy | −$5.3k | −$2.04 |
| EGI | $72.8k | $27.96 |
| − OpEx | −$32.8k | −$12.58 |
| NOI | $40.0k | $15.38 |
2,604 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$572.1K
$500.6K – $667.4K
NOI $40,044 @ 7.0% cap · market cap 6.68%
Second Best
Specialty Retail
$568.9K
$497.8K – $663.7K
NOI $39,822 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$680.0K
$595.0K – $793.3K
NOI $47,597 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Bk one stop ...
Grocery & Convenience Store
A CORNER STORE
Grocery & Convenience Store
Location Insight
- Map
- Local Demand
- City
- Roselle
- County
- Union
- State
- New Jersey
- Longitude
- -74.2551
- Latitude
- 40.6512
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Three-unit property with commercial and residential income in a strong market.
Where is this mixed-use property located?
The property is located at 301 E 9Th Ave Roselle, NJ.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Qualifies for FHA financing due to greater residential square footage, ideal for owner occupants.; Three‑unit mixed‑use property with residential and commercial income streams.; New roof and siding installed in 2019.
