Closed$1,800
TLC ≈ $265/mo
3 1 2,835 sqft
27 Alexander Street, Newark, NJ 07106
374 Boyden Avenue, Maplewood, NJ 07040
$785,000
0 beds 4 baths — Built 19240 days on marketActive
About this home
Exceptional opportunity to own a fully occupied, legal 3-family in the highly desirable Township of Maplewood. This income-producing property features three spacious apartments and offers immediate rental income. Current gross rental income is $85, 800 annually with seller-reported operating expenses resulting in an estimated Net Operating Income (NOI) of approximately $51, 263 and an estimated 6.53% cap rate at the $785, 000 asking price. Conveniently located near Maplewood Village, NJ Transit train and bus service, Maplecrest Park, shopping, dining, schools, and major highways. Unit mix consists of two 3-bedroom, 1-bath apartments and one 2-bedroom, 1-bath apartment. Financial information is believed accurate but should be independently verified by purchaser. First showings begin 8/8/26.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.
Your estimated payment
$7,857/mo
- Real estate (PITI + HOA + PMI)
- $7,639
- Utilities
- $602
- Transportation
- $132
- Other (entertainment)
- $158
Principal + interest$5,057
Property tax + insurance$2,288
PMI / 2nd mortgage$294
Heating + cooling$164
Internet + TV + phone$158
Water + sewer + garbage$58
Car insurance + maintenance$132
Budget$8,357/mo
Remaining after TLC$500/mo
Purchase price
$785,000
Down payment
$39,250 (5%)
Loan amount
$745,750
APR
7.19%
Quick facts
Type
3 Family
Style
—
Year built
1924
Lot size
—
Stories
3
Heating
Baseboard, Radiant, Radiators-Steam, Steam
Cooling
Ceiling Fan(s),A/C Wall Unit(s),A/C Window Unit(s)
Water
Public
HOA
—
Annual tax
$15,124
MLS #
2702006R
County
Essex
At a glance
Basement
Garage (2)
Home features
Appliances
Water Heater(Gas)Water HeaterUnit 1(Range/OvenRefrigerator)Unit 2(Range/OvenRefrigerator)
Interior
Unit 1(3 BedroomsKitchen1 BathLiving Room)Unit 2(Dining Room2 BedroomsKitchen1 BathLiving Room)Unit 3(2 BedroomsKitchen1 BathLiving Room)
Exterior
PatioPorch(es) - EnclosedPorch(es) - OpenDeckFencing/WallPorch
Parking
GarageAttachedDetached1-2 Car Parking
Patio & porch
PatioEnclosedPorch(es) - OpenDeckPorch
Roof
Asphalt
Sewer
Public Sewer
Ownership
Partnership
Lot features
Wooded, Level
Neighborhood — 07040
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 27,251 | 8,832,837 | 299,088,112 |
| Population Change Since1990 | 8.00% | 14.00% | 20.00% |
| Population Density | 7,005 | 1,137 | — |
| Male | 13,029 | 4,307,827 | 147,432,321 |
| Female | 14,223 | 4,525,010 | 151,655,844 |
| Never Married | 6,725 | 1,965,811 | 63,775,926 |
| Married | 10,797 | 3,647,435 | 123,120,365 |
| Separated | 987 | 391,239 | 12,639,686 |
| Widowed | 1,328 | 515,172 | 15,467,586 |
| Divorced | 1,481 | 529,393 | 23,075,029 |
| Number Of House Hold | 9,088 | 3,167,345 | 111,826,380 |
| Average House Hold Size | 2.78 | 2.73 | 2.60 |
| Medial Age | 36.10 | 37.15 | 35.46 |
| Median House Hold Income | $91,348 | $63,392 | $48,276 |
| Average House Hold Income | $126,414 | $83,312 | $63,629 |
| P C I | $45,228 | $30,662 | $24,529 |
| M D I | $71,697 | $52,505 | $41,133 |
| A T H E | $83,466 | $61,369 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 81.91% | 81.02% | 77.74% |
(Zip) Code
7040
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
Open in Google Maps →Recently sold nearby
Listing information last refreshed 8/8/2026. Provided courtesy of KELLER WILLIAMS VILLAGE SQUARE via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.