Multi-Family Property on Wooded
950 Mount Benevolence Rd, Newton, NJ 07860
Multi-Family, 2-Two Story - Stillwater Twp., NJ
Property size:
2,498 SFLot size:
2.30 AcresPrice / SF:
$196/SF- Added:
- May 14, 2026
- Days on Market:
- 8
- Last Refresh:
- May 21 at 6:06 pm
Property Features for 950 Mount Benevolence Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-5A
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Den, Kitchen, Laundry, Living Room
- Parking
- 5
- Patio and Porch features
- Porch, Deck
- Interior features
- Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Wood Floors
- Exterior features
- Deck, Open Porch(es)
- Basement Y/N
- 1
- Appliances
- Dryer
- Standard status
- Active
- Size
- 2,498 SF
- Lot size
- 2.30 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8296
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1860
- Number of units
- 2
- Building materials
- Stone, Vinyl Siding
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent JULIE FLEMING (973) 219-5355
Listing office WEICHERT REALTORS 92 WOODPORT ROAD, Sparta, NJ (973) 729-2700
Listing date May 14, 2026
MLS# 4027791
Listing URL
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.
HighLights
- Two separate units offer flexibility for owner‑occupancy with rental income or investment purposes.
- Large 2.3‑acre private wooded lot with scenic views from both units.
- Main level unit features 3 bedrooms, 2 full bathrooms, den/office, eat‑in kitchen, living room, laundry/mud room, and a rear deck.
- Walk‑out basement with storage, workshop, utility room, bonus room, and additional full bathroom.
- Second‑floor unit includes 1 bedroom, 1 full bathroom, separate parking, private entrance, and private deck.
- Conveniently located near parks for outdoor recreation (hiking, swimming, boating, fishing, sports) and attractions like Swartswood State Park, Mountain Creek, and Crystal Springs Resort.
Overview
This multi-family property features two separate units situated on a private 2.3-acre wooded lot with scenic views from both levels. The first unit, located on the main level, offers 3 bedrooms, 2 full bathrooms, a den/home office, a bright eat-in kitchen, a living room, and a rear deck overlooking the property. A laundry/mud room with a private exterior entrance is also included. The walk-out basement provides additional space with storage, a workshop, a utility room, a freshly painted bonus room, and an additional full bathroom. The bonus room is suitable for a home office, playroom, studio, or creative space. The second-floor unit features 1 bedroom and 1 full bathroom, along with separate parking, a private side entrance, and its own deck overlooking the side yard. Located in Stillwater Township, this property offers privacy and outdoor recreation. Nearby parks offer opportunities for hiking, swimming, boating, fishing, and sports, including Swartswood State Park. The home is approximately twenty minutes from Mountain Creek Water and Adventure Park and Crystal Springs Resort in Vernon. The property is zoned R-5A and has a total size of 2498 square feet.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$464.5K
NOI $41,807 @ 9.00% cap · cautious / downside scenario
Moderate
$597.2K
NOI $41,807 @ 7.00% cap · market / base-case scenario
Aggressive
$836.1K
NOI $41,807 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.8k | $25.56 |
| − Vacancy | −$4.1k | −$1.65 |
| EGI | $59.7k | $23.91 |
| − OpEx | −$17.9k | −$7.17 |
| NOI | $41.8k | $16.74 |
2,498 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$597.2K
$522.6K – $696.8K
NOI $41,807 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$548.8K
$480.2K – $640.2K
NOI $38,414 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$652.3K
$570.7K – $761.0K
NOI $45,659 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Sussex
- State
- New Jersey
- Longitude
- -74.84328
- Latitude
- 41.098873
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-unit multi-family property on a private 2.3-acre wooded lot.
Where is this duplex located?
The property is located at 950 Mount Benevolence Rd Newton, NJ.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Two separate units offer flexibility for owner‑occupancy with rental income or investment purposes.; Large 2.3‑acre private wooded lot with scenic views from both units.; Main level unit features **3 bedrooms, 2 full bathrooms, den/office, eat‑in kitchen, living room, laundry/mud room, and a rear deck.**
