Essex
115 Union Avenue
Listed by: Michael Morris, [email protected], Vylla Home, (856) 206-0413, Listing Courtesy of NJMLS
$950,000
●
House -
Off Market
115 Union Avenue
Maplewood, NJ 07040
4 Beds
4 Baths,
1
Half Bath
$5,985
Est. Monthly
3.26%
Cap Rate
About This Property
Welcome to luxurious living in Maplewood, where elegance meets
comfort in this meticulously renovated custom colonial residence.
Nestled on a serene street, this home exudes charm and
sophistication, offering an ideal blend of modern amenities and
classic architectural details. Step inside to discover a designer
kitchen that will inspire your culinary creativity, featuring
top-of-the-line appliances, sleek countertops, and ample storage
space. Entertain guests in the large living room flooded with
natural light, or host intimate gatherings in the bright dining
room overlooking the beautifully landscaped yard. Unwind in the
inviting sunroom, perfect for relaxing with a book or enjoying your
morning coffee. This home boasts not one, but two luxury master
suites, each offering privacy and opulence. Three additional
well-appointed bedrooms provide plenty of space for family and
guests.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$1,320
HOA Dues
-
Year Built
1952
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (NJMLS #24021955)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 29, 2024 | Sold | ||
| Sold | |||
| Jul 16, 2024 | In contract | - | |
| In contract | |||
| Jun 29, 2024 | Listed by Vylla Home | $899,900 | |
| Listed by Vylla Home | |||
| Jan 19, 2024 | Sold | ||
| Sold | |||
| Jan 19, 2024 | Listed by Vylla Home | $345,000 | |
| Listed by Vylla Home | |||
| | |||
|
Unify your want and need for a home on Union Avenue. Nifty Fifties Colonial set on great level lot and just steps from all Newark has to offer. Bring your visions, ideas, and architect to transform this house back to all its glory. Traditional layout offers a formal living room that opens to the formal dining room toward the back which also has access to the enclosed porch. A quaint study or den is adjacent to the living room and a vintage kitchen is to the side and rear. Second floor offers the Master Bedroom and two additional bedrooms rounded out by the full hall bathroom. Plenty of paved parking down the shared driveway in the rear that could also be converted to a great backyard. Tons of potential and upside potential with the right ideas and tools.
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Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Essex
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Listed by: Michael Morris
Vylla Home
Last Updated: 3 years ago
Data Source: NJMLS , MLS# 24021955
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than RHP Realty NJ, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
Vylla Home
Last Updated: 3 years ago
Data Source: NJMLS , MLS# 24021955
All information deemed reliable but not guaranteed.© 2026 New Jersey Multiple Listing Service Inc. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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