Legal Three-Family
For Sale
$785,000
Pending
374 Boyden Ave, Maplewood, NJ 07040
Multi-Family, 3-Three Story, Maplewood Twp., NJ
Property Size2,854 SF
Lot Size0.12 Acres
Days on Market72
Property Features for 374 Boyden Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 5, Bathroom 2, Basement, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 7, Bedroom 6, Bedroom 3
Parking
6
Patio and Porch features
Patio, Deck
Exterior features
Deck, OpenPrch, Patio, FencVnyl
Fencing
Fenced
Lot features
Level Lot
Directions
Valley St to Boyden Ave
Standard status
Pending
Size
2,854 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15124
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard, Steam, Other (Heating), Hot Water(Heating)
Water source
Public
Building Details
Year built
1927
Floors in Building
3
Number of units
3
Roof type
Shingle
Architectural style
Other
Listing Agency:
KELLER WILLIAMS VILLAGE SQUARE · Keller Williams Realty
(201) 445-4300
Listed By:
JAVIER RIVERA
(201) 245-8512
Added: Aug 3
Changed: Oct 9
Last Checked: Oct 13 at 3:06AM
MLS# 4044430
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 2,854-square-foot legal three-family property contains three full-floor apartments and was built in 1927. The fully occupied building includes a basement, deck, patio, fenced exterior, public water, and public sewer. Heating systems include baseboard, hot water, and steam components. The property also has 2 gas and 2 electric services; Unit 2 pays its own utilities, while the owner currently pays utilities serving Units 1 and 3.
Located at 374 Boyden Ave in Maplewood Twp., NJ, the property is near Maplewood Village, NJ Transit, shopping, dining, parks, and major highways. The parcel measures 0.12 acres and includes shingle roofing and cable availability.
Located at 374 Boyden Ave in Maplewood Twp., NJ, the property is near Maplewood Village, NJ Transit, shopping, dining, parks, and major highways. The parcel measures 0.12 acres and includes shingle roofing and cable availability.
Key Highlights
- Fully occupied legal 3‑family property with three full‑floor apartments
- 2,854 square feet on a 0.12‑acre parcel
- Built in 1927 with basement, deck, patio, and fenced exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,765
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$955,300
$955.3K
Cap Rate 7%
$682,357
$682.4K
Cap Rate 9%
$530,722
$530.7K
Market Conditions
NOI Build-Up for 2,854 SF
Gross rent
$72.9K $25.56/SF
− Vacancy
−$4.7K −$1.65/SF
EGI
$68.2K $23.91/SF
− OpEx
−$20.5K −$7.17/SF
NOI
$47.8K $16.74/SF
Area
Essex 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 Rate 5%
$955,300
Cap Rate 7%
$682,357
Cap Rate 9%
$530,722
Alternative Uses
Best Use
Multifamily LT 5
$682.4K
$597.1K – $796.1K
NOI $47,765 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$627.0K
$548.6K – $731.5K
NOI $43,889 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$745.2K
$652.1K – $869.5K
NOI $52,167 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,216
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied residential income property with three full-floor apartments and separate utility services.
Where is this triplex located?
The property is located at 374 Boyden Ave Maplewood, NJ.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Fully occupied legal 3‑family property with three full‑floor apartments; 2,854 square feet on a 0.12‑acre parcel; Built in 1927 with basement, deck, patio, and fenced exterior
