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1790 Springfield Ave 12 Unit Apartment Building $5,700,000 ($475,000/Unit) 5.59% Cap Rate Maplewood, NJ 07040
Investment Highlights
- New Construction 2024
- Large Condo Like Apartments
- Off-Street Parking
- 12 Apartments and 1 Restaurant
- All Separate Utilities
- Restaurant pays water, sewer, landscape and snow removal
Executive Summary
Prime investment opportunity to own a new construction building in Maplewood NJ. This investment property consists of 12 apartments and 1 restaurant tenant. The building was constructed in 2024 and features 11 - one bedroom apartment and 1-three bedroom apartment along with a 4,000 SqFt restaurant that has a 10 year lease with options. Buyer needs to work with seller's 1031 Exchange.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
1 1
Walk Score®
Very Walkable (87)
Property Taxes
| Parcel Number | 11-00030-01-00107 | Improvements Assessment | $1,639,100 |
| Land Assessment | $1,000,000 | Total Assessment | $2,639,100 |
Property Taxes
Parcel Number
11-00030-01-00107
Land Assessment
$1,000,000
Improvements Assessment
$1,639,100
Total Assessment
$2,639,100
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1790 Springfield Ave
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