Two-Family Residential Income
50 Brookwood Drive Maplewood, NJ 07040
50 Brookwood Drive, Maplewood, NJ, 07040
$849,000
For Sale
$849,000
Well-maintained two-unit home with two-level layouts, in-unit laundry, and off-street parking.
Property Size2,350 SF
Price / SF$361.28
Days on Market126
Property Features for 50 Brookwood Drive
General Information
- Standard status
- Active
- Size
- 2,350 SF
- Property subtype
- Multi Family / 2-Two Story
Building Details
- Year Built
- 1927
Listing agency
COLDWELL BANKER REALTY
(973) 378-8300
Listed by
KATHERINE ELLIOTT · License #290357
(973) 378-8300
Source
Compass
Added: Mar 18 Updated: Jul 20 at 9:56PM Checked: Jul 20 at 9:56PM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This well-maintained two-family residential income property features two separate units with spacious, flexible two-level layouts. Each unit includes multiple bedrooms, high ceilings, hardwood floors, and abundant natural light. Both units are arranged with a living room, dining area, and an eat-in kitchen with a refrigerator, dishwasher, stove, and microwave, along with in-unit laundry. Each unit also includes 2 full bathrooms.
The property is located on the border of South Orange, just moments from Seton Hall University and nearby South Orange Village amenities, with access to NYC transit. Exterior and building improvements over time include kitchen and bath upgrades, heating system improvements, drainage and sump pump work, chimney and structural updates, and a newer roof, along with recent exterior door and parking area improvements and leaf guard gutters.
Off-street parking is available, and the property has been consistently maintained and upgraded, supporting long-term durability and ongoing livability across both units.
The property is located on the border of South Orange, just moments from Seton Hall University and nearby South Orange Village amenities, with access to NYC transit. Exterior and building improvements over time include kitchen and bath upgrades, heating system improvements, drainage and sump pump work, chimney and structural updates, and a newer roof, along with recent exterior door and parking area improvements and leaf guard gutters.
Off-street parking is available, and the property has been consistently maintained and upgraded, supporting long-term durability and ongoing livability across both units.
Key Highlights
- Two‑family home built in 1927 with finished full walkout basement and high‑ceiling interiors
- Two‑level unit layouts with 4 bedrooms (lower) and 5 bedrooms (upper), plus 2 full bathrooms in each unit
- Hardwood/wood floors, smoke detectors and carbon monoxide detector, plus stained glass windows
Local 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 | $60.1k | $25.56 |
| − Vacancy | −$3.9k | −$1.65 |
| EGI | $56.2k | $23.91 |
| − OpEx | −$16.9k | −$7.17 |
| NOI | $39.3k | $16.74 |
2,350 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$561.9K
$491.6K – $655.5K
NOI $39,330 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$516.3K
$451.7K – $602.3K
NOI $36,138 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$613.6K
$536.9K – $715.9K
NOI $42,954 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-unit home with two-level layouts, in-unit laundry, and off-street parking.
Where is this duplex located?
The property is located at 50 Brookwood Drive Maplewood, NJ.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two‑family home built in 1927 with finished full walkout basement and high‑ceiling interiors; Two‑level unit layouts with 4 bedrooms (lower) and 5 bedrooms (upper), plus 2 full bathrooms in each unit; Hardwood/wood floors, smoke detectors and carbon monoxide detector, plus stained glass windows
