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    Three-Floor Two-Family Duplex Title is generated by Realmo AI

    480-482 Boyden Ave, Maplewood, NJ 07040

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    New
    For Sale
    $850,000

    Under/Over, Multi-Family - Maplewood Twp., NJ

    Lot size:
    0.10 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 4 at 9:06 pm

    Property Features for 480-482 Boyden Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    5
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen, Living Room, Master Bedroom
    Parking
    4
    Parking features
    Driveway
    Security features
    Security System
    Interior features
    Carbon Monoxide Detector, Fire Extinguisher, Security System, Smoke Detector, Tile Floors, Walk-In Closet, Wood Floors
    Exterior features
    Curbs, Sidewalk, Fencvnyl
    Fencing
    Fenced
    Basement Y/N
    1
    Appliances
    Dishwasher, Oven - Gas, Range, Refrigerator, Washer
    Standard status
    Active
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    15393

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air, Multi Units

    Building Details

    Year built
    1962
    Number of units
    2
    Building materials
    Brick, Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    MICHAEL LATTMANN

    Listing agent MICHAEL LATTMANN

    Listing office KL SOTHEBY'S INT'L. REALTY 68 NORTH FINLEY AVENUE, Basking Ridge, NJ

    Listing date Jun 4, 2026

    MLS# 4032209 Listing URL

    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.

    HighLights

    • Updated 2‑family home built in 1962 with two full‑floor units spanning 3 floors
    • Each unit offers 3 bedrooms plus 1 full bath and an en‑suite half bath
    • Unfinished basement with laundry, utilities, interior access from both units, plus powder room and storage space
    • Central air and forced‑air heating; features security system with smoke and carbon monoxide detectors
    • Fenced backyard, built‑in 2‑car garage, and ample driveway parking
    • Walk to 40th St Park; 1 block to Stuyvesant Ave retail/dining; bus lines 1–2 blocks away and ~7‑min drive to Maplewood Train Station

    Overview

    This thoughtfully updated two-family duplex spans three floors and offers two full-floor units, each featuring hardwood floors, three bedrooms, and private bath accommodations that include one full bath plus an en-suite half bath. The first-floor unit includes bright living and dining rooms, an eat-in kitchen with stainless steel appliances, and a full bath with porcelain tile, a soaking tub/shower, and a granite countertop. The second-floor unit was fully renovated with updated lighting and an open living, dining, and kitchen layout, highlighted by a kitchen with stainless appliances and a backsplash. Both units have interior access to a substantial unfinished basement that is also reachable via the garage. The basement includes laundry and utility space, storage space, and a powder room.

    Outside, residents can enjoy a private fenced backyard and a built-in two-car garage, along with ample driveway parking. The home is within walking distance of 40th St. Park and about one block from the Stuyvesant Ave retail and dining corridor. Bus lines are reported 1–2 blocks away, providing service to Newark Penn Station, and Maplewood Train Station is noted as about a 7-minute drive.

    With two separate, full-floor layouts, the property can fit tenants looking for multi-unit living or an owner-occupant arrangement, while retaining the option to personalize the unfinished basement. The combination of in-unit bedrooms and shared basement amenities supports a flexible living setup for a wide range of buyers and operators.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Maplewood
    County
    Essex
    State
    New Jersey
    Longitude
    -74.25391
    Latitude
    40.71626

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    FAQs

    What type of property is this?
    Duplex - Updated two-family home with two full-floor units, hardwood floors, and a shared-access unfinished basement.
    Where is this duplex located?
    The property is located at 480-482 Boyden Ave Maplewood, NJ.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Updated 2‑family home built in 1962 with two full‑floor units spanning 3 floors; Each unit offers 3 bedrooms plus 1 full bath and an en‑suite half bath; Unfinished basement with laundry, utilities, interior access from both units, plus powder room and storage space
    (908) 696-8600
    We can help!
    Listing Contact
    MICHAEL LATTMANN
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    480-482 Boyden Ave, Maplewood Twp., NJ 07040-3031
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