End-Unit Residential Income
New
For Sale
$549,900
49 Princeton Pl, Wayne, NJ 07470
A finished lower level adds recreation space, a bedroom, utility room and storage.
Property Size1,900 SF
Price / SF$289.42
Days on Market1
Property Features for 49 Princeton Pl
General Information
Standard status
Active
Size
1,900 SF
Total Parking Spaces
1
Property subtype
Commercial
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$10,862
Amenities
in-ground pool
tennis courts
pickle ball
play area
Building Details
Stories
2
Listed By:
MARK EDIE
Source:
Elliman
Added: Oct 19
Last Checked: Oct 19 at 2:18PM
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 MARK EDIE
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Investment Insights
Based on property information with market context.
This end-unit townhome at 49 Princeton Pl in Wayne offers approximately 1,900 square feet across two levels and a finished basement. The main level includes a sunken living room with a wood-burning fireplace and vaulted ceilings, an updated eat-in kitchen with a center island, granite countertops, custom cabinetry and appliances, plus a dining room with deck access. A laundry room and one-car garage are also on this level. The upper floor has three bedrooms, including a primary bedroom with a walk-in closet, and a full bath with a separate makeup vanity. The basement adds a recreation room, an additional bedroom, utility space and storage.
Community amenities include an in-ground pool, tennis courts, pickleball and a play area. These amenities are included in the maintenance fee.
Community amenities include an in-ground pool, tennis courts, pickleball and a play area. These amenities are included in the maintenance fee.
Key Highlights
- Approximately 1,900 square feet in an end‑unit townhome
- Finished basement with recreation room, additional bedroom, utility room and storage
- One‑car garage and deck access from the dining room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,218
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,360
$584.4K
Cap Rate 7%
$417,400
$417.4K
Cap Rate 9%
$324,644
$324.6K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$57.0K $30.00/SF
− Vacancy
−$3.9K −$2.04/SF
EGI
$53.1K $27.96/SF
− OpEx
−$23.9K −$12.58/SF
NOI
$29.2K $15.38/SF
Area
Passaic County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,360
Cap Rate 7%
$417,400
Cap Rate 9%
$324,644
Alternative Uses
Best Use
Apartment 5plus
$417.4K
$365.2K – $487.0K
NOI $29,218 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$496.1K
$434.1K – $578.8K
NOI $34,729 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
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Business Placement
Demographics for 07470, NJ
55,284
Population
19,396
Households
2.9
Avg Household Size
43
Median Age
57%
College-Educated
96%
High-School Grad
23.9 sq mi
ZIP Area
2,313
Density / Sq Mi
$151,561
Median Household Income
$70,100
Median Earnings
$2,126
Median Rent
$596,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A finished lower level adds recreation space, a bedroom, utility room and storage.
Where is this residential income property located?
The property is located at 49 Princeton Pl Wayne, NJ.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Approximately 1,900 square feet in an end‑unit townhome; Finished basement with recreation room, additional bedroom, utility room and storage; One‑car garage and deck access from the dining room
