Two-Family Corner
7 Maple Street Bloomfield, NJ 07003
7 Maple Street, Bloomfield, NJ, 07003
$1,200,000
For Sale
$1,200,000
Move-in ready legal two-family home on a corner lot with a flexible multi-level layout and extended living space.
Property Size3,654 SF
Price / SF$328.41
Days on Market150
Property Features for 7 Maple Street
General Information
- Standard status
- Active
- Size
- 3,654 SF
- Property subtype
- Multi Family
Listing agency
RE/MAX Pinnacle
(732) 496-0985
Listed by
Stewart Daniels · License #0895636
(732) 496-0985
Source
Compass
Added: Feb 23 Updated: Jul 22 at 7:08PM Checked: Jul 22 at 7:08PM
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 RE/MAX Pinnacle
Investment Insights
Based on property information with market context.
This legal two-family home is newer construction and offers a flexible, multi-level layout on a corner lot. Unit 1 features first and ground floor living with four bedrooms and three full bathrooms, including an extended ground-level suite that is connected internally to the first floor. That suite adds finished living space with an entertainment area, wet bar, dishwasher, separate washer and dryer, engineered hardwood flooring, and access to a private balcony overlooking the rear yard, and it is part of Unit 1 rather than a separate apartment. Unit 2 is a second-floor residence with four bedrooms and two full bathrooms, with open living and dining areas and a modern kitchen layout.
Both residences include stone countertops, 42-inch cabinetry, breakfast bar seating, dishwashers, and in-unit stackable washer and dryer, with primary bedroom ensuite bathrooms. The property is conveniently located about one half mile from the Bloomfield NJ Transit train station with direct service to Hoboken and connections to New York City. Access is also available to the Garden State Parkway, Route 3, and Interstate 280, with Bloomfield Center shopping, dining, and local amenities nearby.
Both residences include stone countertops, 42-inch cabinetry, breakfast bar seating, dishwashers, and in-unit stackable washer and dryer, with primary bedroom ensuite bathrooms. The property is conveniently located about one half mile from the Bloomfield NJ Transit train station with direct service to Hoboken and connections to New York City. Access is also available to the Garden State Parkway, Route 3, and Interstate 280, with Bloomfield Center shopping, dining, and local amenities nearby.
Key Highlights
- Legal two‑family home on a corner lot with approximately 3,654 SF of flexible multi‑level living space
- Unit 1: 4 bedrooms and 3 full baths; includes an extended ground‑level suite with entertainment area and wet bar
- Unit 1 extended suite features dishwasher, separate washer/dryer, engineered hardwood flooring, and access to a private balcony overlooking the rear yard
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 | $93.4k | $25.56 |
| − Vacancy | −$6.0k | −$1.65 |
| EGI | $87.4k | $23.91 |
| − OpEx | −$26.2k | −$7.17 |
| NOI | $61.2k | $16.74 |
3,654 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$873.6K
$764.4K – $1.02M
NOI $61,154 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$802.7K
$702.4K – $936.5K
NOI $56,191 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$954.1K
$834.9K – $1.11M
NOI $66,789 @ 7.0% cap · market cap 5.57%
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 - Move-in ready legal two-family home on a corner lot with a flexible multi-level layout and extended living space.
Where is this duplex located?
The property is located at 7 Maple Street Bloomfield, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Legal two‑family home on a corner lot with approximately 3,654 SF of flexible multi‑level living space; Unit 1: 4 bedrooms and 3 full baths; includes an extended ground‑level suite with entertainment area and wet bar; Unit 1 extended suite features dishwasher, separate washer/dryer, engineered hardwood flooring, and access to a private balcony overlooking the rear yard
