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Two-Unit Multifamily Property
For Sale
$525,000
Pending

55 Schaefer Rd, Maplewood, NJ 07040

Multi-Family, 2-Two Story, Maplewood Twp., NJ

Property SizeContact for details
Lot Size0.13 Acres
Days on Market51

Property Features for 55 Schaefer Rd

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Residential
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 1, Bathroom 2, Basement, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
Parking 6
Interior features Blinds, Carbon Monoxide Detector, Carpeting, Chandelier, Fire Extinguisher, Smoke Detector, Tile Floors, Wood Floors
Exterior features Curbs, Metal Fence, Sidewalk, Thermal Windows/Doors, Workshop
Fencing Fenced
Lot features Level Lot
Elementary school S BOYDEN
Middle school MAPLEWOOD
High school COLUMBIA
Directions Boyden to Menzel to Schaefer Road #55
Standard status Pending
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 14960

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Other (Heating), Steam
Cooling system Ceiling Fan(s)
Water source Public

Amenities

partially finished basement
detached garage

Building Details

Year built 1929
Floors in Building 2
Number of units 2
Roof type Shingle
Architectural style Other
Additional Structures Workshop
Listing Agency: SERHANT NEW JERSEY LLC
Listed By: YESENIA ALCIVAR · License #393106
Added: Jul 8 Changed: Aug 26 Last Checked: Aug 27 at 1:06PM
MLS# 4039245

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 residential multifamily property contains two separate units arranged across the first and second floors. The first-floor residence has 3 bedrooms and 1 full bath, while the upper unit includes 2 bedrooms and 1 full bath. A partially finished basement adds enclosed space, and the property also includes a detached garage and workshop area.

Constructed in 1929, the home sits on a 0.13-acre lot in Maplewood Twp., NJ. The property is zoned Residential and served by public water and public sewer. Additional features include wood and tile flooring, steam heating, ceiling fans, thermal windows and doors, fencing, sidewalks, and cable availability.

Key Highlights

  • Two residential units with 3‑bedroom and 2‑bedroom layouts
  • First‑floor unit includes 3 bedrooms and 1 full bath
  • Second‑floor unit includes 2 bedrooms and 1 full bath

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Tech Support Center Home Appliance Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,113
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Separate first- and second-floor residences are complemented by a partially finished basement and detached garage.
Where is this duplex located?
The property is located at 55 Schaefer Rd Maplewood, NJ.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two residential units with 3‑bedroom and 2‑bedroom layouts; First‑floor unit includes 3 bedrooms and 1 full bath; Second‑floor unit includes 2 bedrooms and 1 full bath
More about this property
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