Two-Family Home with
356 Boyden Avenue Maplewood, NJ 07040
For Sale
$799,900
Well-maintained two-family residence with renovated kitchens and updated bathrooms, featuring hardwood floors and full basements.
Property Size1,368 SF
Price / SF$584.72
Days on Market115
Property Features for 356 Boyden Avenue
General Information
- Standard status
- Active
- Size
- 1,368 SF
- Property subtype
- Multi Family / 2-Two Story
Building Details
- Year Built
- 1948
Listing Agency:
MODERN REALTY GROUP
(201) 933-3366
Listed By:
AHMED A FARAG · License #300748
(201) 933-3366
Source:
Compass
Added: Apr 1
Changed: Jul 23
Last Checked: Jul 23 at 2:16PM
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 MODERN REALTY GROUP
Investment Insights
Based on property information with market context.
This spacious two-family home is well maintained and offers a total of 6 bedrooms and 2 full bathrooms. The property is configured as two units, each with 3 bedrooms and 1 full bath, and includes a full basement that can serve as a recreation area or additional storage. A large pull-down attic spans the width of the house for further storage needs. Both units feature renovated kitchens, updated bathrooms, and hardwood floors, with abundant natural light throughout.
The home is located in Maplewood, NJ, and the public remarks note proximity to parks, schools, shopping, and transportation.
With an owner-occupant friendly layout and independent unit design within the same building, the property offers a practical multi-family setup supported by the described interior improvements, including updated kitchens and bathrooms.
The home is located in Maplewood, NJ, and the public remarks note proximity to parks, schools, shopping, and transportation.
With an owner-occupant friendly layout and independent unit design within the same building, the property offers a practical multi-family setup supported by the described interior improvements, including updated kitchens and bathrooms.
Key Highlights
- Two‑family home built in 1948 with 6 bedrooms total—3 bedrooms and 1 full bath per unit
- Both units feature renovated kitchens and updated bathrooms
- Hardwood floors throughout the home
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 | $35.0k | $25.56 |
| − Vacancy | −$2.3k | −$1.65 |
| EGI | $32.7k | $23.91 |
| − OpEx | −$9.8k | −$7.17 |
| NOI | $22.9k | $16.74 |
1,368 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$327.1K
$286.2K – $381.6K
NOI $22,895 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$300.5K
$263.0K – $350.6K
NOI $21,037 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$357.2K
$312.6K – $416.8K
NOI $25,005 @ 7.0% cap · market cap 3.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained two-family residence with renovated kitchens and updated bathrooms, featuring hardwood floors and full basements.
Where is this duplex located?
The property is located at 356 Boyden Avenue Maplewood, NJ.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Two‑family home built in 1948 with 6 bedrooms total—3 bedrooms and 1 full bath per unit; Both units feature renovated kitchens and updated bathrooms; Hardwood floors throughout the home
