Residential Income Property with
For Sale
$249,000
83 Seminole Rd, Lafayette, NJ 07848
Residential, Duplex, Multi Floor Unit, Townhouse-Interior, Andover Twp., NJ
Property Size1,194 SF
Lot Size0.40 Acres
Price / SF$208.54
Days on Market8
Property Features for 83 Seminole Rd
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Laundry Room, Bedroom 1, Laundry Room, Game Room, Basement, Bathroom 1, Utility Room
Parking
2
Exterior features
Tennis Courts
Fireplace
1
Appliances
Dishwasher, Dryer, Range/Oven-Electric, Refrigerator, Washer
Subdivision
Rolling Hills
Directions
Turn right onto McPeek Rd, Turn right onto Seminole Rd/Seminole Ct
Standard status
Active
Size
1,194 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4822
HOA Fee
$315 Monthly
Utilities
Heating system
Forced Air
Amenities
pool
playground
tennis courts
clubhouse
Building Details
Year built
1982
Roof type
Shingle
Architectural style
Other
Additional Structures
Tennis Court(s)
Listing Agency:
REAL
(855) 450-0442
Listed By:
MARIA ALBA
Added: Oct 26
Changed: Oct 27
Last Checked: Nov 2 at 1:06PM
MLS# 4061151
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.
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Investment Insights
Based on property information with market context.
This 1,194-square-foot residence has a one-bedroom loft layout with an additional den. The main level connects the living and dining areas, with direct access from the dining room to a private deck. Upstairs, the loft bedroom includes a walk-in closet, while a separate family room features a wood-burning fireplace. The basement provides laundry space and additional utility, recreation, or storage area. The property was built in 1982.
Community amenities include a pool, playground, tennis courts, and clubhouse. The HOA covers snow removal, exterior and common-area maintenance, water, sewer, and trash. The residence is in Andover Township, near Kittatinny Valley State Park, schools, shopping, and restaurants.
Community amenities include a pool, playground, tennis courts, and clubhouse. The HOA covers snow removal, exterior and common-area maintenance, water, sewer, and trash. The residence is in Andover Township, near Kittatinny Valley State Park, schools, shopping, and restaurants.
Key Highlights
- 1,194‑square‑foot residence with a one‑bedroom loft layout and den
- Private deck accessed from the dining area
- Wood‑burning fireplace in the upstairs family room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,361
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,220
$367.2K
Cap Rate 7%
$262,300
$262.3K
Cap Rate 9%
$204,011
$204.0K
Market Conditions
NOI Build-Up for 1,194 SF
Gross rent
$35.8K $30.00/SF
− Vacancy
−$2.4K −$2.04/SF
EGI
$33.4K $27.96/SF
− OpEx
−$15.0K −$12.58/SF
NOI
$18.4K $15.38/SF
Area
Sussex 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%
$367,220
Cap Rate 7%
$262,300
Cap Rate 9%
$204,011
Alternative Uses
Best Use
Apartment 5plus
$262.3K
$229.5K – $306.0K
NOI $18,361 @ 7.0% cap · market cap 7.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$311.8K
$272.8K – $363.7K
NOI $21,824 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
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Business Placement
Demographics for 07848, NJ
4,818
Population
1,694
Households
2.8
Avg Household Size
52
Median Age
38%
College-Educated
93%
High-School Grad
22.9 sq mi
ZIP Area
210
Density / Sq Mi
$116,042
Median Household Income
$65,511
Median Earnings
$1,438
Median Rent
$412,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A loft-style one-bedroom residence includes a den, private deck, and basement laundry area.
Where is this residential income property located?
The property is located at 83 Seminole Rd Lafayette, NJ.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1,194‑square‑foot residence with a one‑bedroom loft layout and den; Private deck accessed from the dining area; Wood‑burning fireplace in the upstairs family room
