Duplex with Private
For Sale
$490,000
Pending
950 Mount Benevolence Rd, Newton, NJ 07860
Multi-Family, 2-Two Story, Stillwater Twp., NJ
Property Size2,498 SF
Lot Size2.30 Acres
Days on Market101
Property Features for 950 Mount Benevolence Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-5A
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Basement, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bathroom 2
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)
Lot features
Open Lot, Wooded Lot
Elementary school
STILLWATER
Middle school
KITTATINNY
High school
KITTATINNY
Directions
Route 521 to Mount Benevolence Rd, use GPS
Standard status
Pending
Size
2,498 SF
Lot size
2.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8296
Utilities
Utilities
Cable Available
Cooling system
Central Air
Water source
Well
Amenities
deck
laundry/mud room
private side entrance
walk-out basement
storage
workshop
utility room
bonus room
Building Details
Year built
1860
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
WEICHERT REALTORS
(973) 729-2700
Listed By:
JULIE FLEMING · License #240500
(973) 219-5355
Added: May 14
Changed: Aug 20
Last Checked: Aug 22 at 12:06PM
MLS# 4027791
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 duplex includes two separate units on a private, 2.3-acre wooded lot, with outdoor decks from both levels. The main-level unit has minimal steps and features 3 bedrooms, 2 full bathrooms, a den/home office, a bright eat-in kitchen, a living room, and a convenient laundry/mud room with its own private exterior entrance. A rear deck overlooks the property.
Additional space is available in the walk-out basement, which includes storage, a workshop, a utility room, and a freshly painted bonus room with an additional full bathroom. The second-floor unit offers 1 bedroom and 1 full bathroom, with separate parking, a private side entrance, and its own deck overlooking the side yard.
The home was built in 1860. Central air cooling is provided, with a shingle roof, well water, and cable availability. The property is zoned R-5A.
Additional space is available in the walk-out basement, which includes storage, a workshop, a utility room, and a freshly painted bonus room with an additional full bathroom. The second-floor unit offers 1 bedroom and 1 full bathroom, with separate parking, a private side entrance, and its own deck overlooking the side yard.
The home was built in 1860. Central air cooling is provided, with a shingle roof, well water, and cable availability. The property is zoned R-5A.
Key Highlights
- Private 2.3‑acre wooded lot with decks overlooking the property and side yard
- Two separate units: main level (3 beds, 2 full baths) and second‑floor unit (1 bed, 1 full bath)
- Laundry/mud room and side entrance provide private exterior access for the main and upper units
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
$41,807
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
8.53%
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%
$836,140
$836.1K
Cap Rate 7%
$597,243
$597.2K
Cap Rate 9%
$464,522
$464.5K
Market Conditions
NOI Build-Up for 2,498 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
$63.8K $25.56/SF
− Vacancy
−$4.1K −$1.65/SF
EGI
$59.7K $23.91/SF
− OpEx
−$17.9K −$7.17/SF
NOI
$41.8K $16.74/SF
Area
Sussex 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%
$836,140
Cap Rate 7%
$597,243
Cap Rate 9%
$464,522
Alternative Uses
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 07860, NJ
25,704
Population
11,473
Households
2.2
Avg Household Size
46
Median Age
40%
College-Educated
95%
High-School Grad
100.2 sq mi
ZIP Area
257
Density / Sq Mi
$104,113
Median Household Income
$53,509
Median Earnings
$1,437
Median Rent
$336,600
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?
Duplex - Zoned R-5A with central air and well water, plus interior wood floors and exterior decks on a private 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: Private 2.3‑acre wooded lot with decks overlooking the property and side yard; Two separate units: main level (3 beds, 2 full baths) and second‑floor unit (1 bed, 1 full bath); Laundry/mud room and side entrance provide private exterior access for the main and upper units
