Triplex with Unfinished
For Sale
$750,000
906 Roselle Street, Linden, NJ 07036
Vacant multifamily property with updated kitchens, an attic apartment, off-street parking, and a walkout basement for future customization.
Property Size2,372 SF
Price / SF$316.19
Days on Market140
Property Features for 906 Roselle Street
General Information
Standard status
Active
Size
2,372 SF
Total Parking Spaces
6
Property subtype
Multi Family / 2-Two Story
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,269
Amenities
Yes
No
Asphalt Shingle
Tile Floors, Vinyl-Linoleum Floors
Unfinished
Vinyl Fence
Vinyl Siding
Building Details
Year Built
1931
Listing Agency:
EXP REALTY, LLC
(866) 201-6210
Listed By:
SHERLEY SANTIAGO · License #309873
(866) 201-6210
Source:
Compass
Added: Apr 13
Changed: Aug 29
Last Checked: Aug 29 at 7:10PM
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 EXP REALTY, LLC
Investment Insights
Based on property information with market context.
This Linden multifamily property is classified as a triplex and offers 2,372 square feet of space. The property includes two updated kitchens, living rooms, and full bathrooms on each floor, along with a bonus attic apartment featuring its own kitchen and full bath. An unfinished basement with a walkout exit provides additional space for customization. Vinyl siding, a vinyl fence, tile and vinyl-linoleum flooring, and an asphalt shingle roof are among the existing features. Built in 1931, the property is being sold as-is and will be delivered vacant at closing.
Parking accommodates up to six cars. The property is located near shopping, dining, and schools, with the Linden Train Station a short distance away for access toward New York City.
Parking accommodates up to six cars. The property is located near shopping, dining, and schools, with the Linden Train Station a short distance away for access toward New York City.
Key Highlights
- Triplex classified multifamily property with 2,372 square feet
- Two updated kitchens with living rooms and full bathrooms on each floor
- Bonus attic apartment includes a kitchen and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,698
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$793,960
$794.0K
Cap Rate 7%
$567,114
$567.1K
Cap Rate 9%
$441,089
$441.1K
Market Conditions
NOI Build-Up for 2,372 SF
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.
Gross rent
$60.6K $25.56/SF
− Vacancy
−$3.9K −$1.65/SF
EGI
$56.7K $23.91/SF
− OpEx
−$17.0K −$7.17/SF
NOI
$39.7K $16.74/SF
Area
Union County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$793,960
Cap Rate 7%
$567,114
Cap Rate 9%
$441,089
Alternative Uses
Best Use
Multifamily LT 5
$567.1K
$496.2K – $661.6K
NOI $39,698 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$521.1K
$456.0K – $608.0K
NOI $36,477 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$619.4K
$542.0K – $722.6K
NOI $43,356 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,341
Businesses Nearby
Explore this area
Business Placement
Demographics for 07036, NJ
45,161
Population
16,911
Households
2.7
Avg Household Size
40
Median Age
23%
College-Educated
85%
High-School Grad
10.9 sq mi
ZIP Area
4,143
Density / Sq Mi
$89,942
Median Household Income
$46,736
Median Earnings
$1,622
Median Rent
$385,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Vacant multifamily property with updated kitchens, an attic apartment, off-street parking, and a walkout basement for future customization.
Where is this triplex located?
The property is located at 906 Roselle Street Linden, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Triplex classified multifamily property with 2,372 square feet; Two updated kitchens with living rooms and full bathrooms on each floor; Bonus attic apartment includes a kitchen and full bath
