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50 Brookwood Dr

Maplewood Twp., NJ 07040
  • $849,000
  • STATUS: Active Under Contract
  • ON SITE: 34 Days
  • MLS #: 4015373
Under Contract
UPDATED: 166 min ago
$849,000
  • 9
    BEDS
  • 0.09
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1927
County:

School Information

High School:

Description

Well-maintained and consistently improved, this two-family property offers a strong investment or owner-occupant opportunity on the border of South Orange just moments from Seton Hall University, South Orange Village, the Maplewood pool and NYC transit. Both units feature spacious, flexible layouts with multiple bedrooms, high ceilings, hardwood floors, and abundant natural light. Both units span two levels, offering an expansive layouts with 4 (lower) & 5 (upper) bedrooms and 2 full bathrooms each. Each unit includes a living room, dining area, and an eat-in kitchen equipped with refrigerator, dishwasher, stove, and microwave. Additional highlights include in-unit laundry, off-street parking, and layouts that support strong, consistent tenant demand. The property has been extensively maintained and upgraded over time, including kitchen and bath improvements, heating system upgrades, drainage and sump pump work, chimney and structural updates, and newer roof. Recent updates such as exterior doors, parking area improvements, and leaf guard gutters further enhance long-term durability. From an investment perspective, the property offers solid in-place income with upside potential, supported by its size, layout, and highly desirable location near campus, transportation, and major employers. A compelling opportunity in one of Essex County's most consistently sought-after rental markets. **2026-2027 rents listed at $3450 & $4200 yielding a 7% NOI increase.

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Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Braconi | Keller Williams Village Square Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Team Braconi | Keller Williams Village Square Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-04-21T23:48:47.1.
www.teambraconihomesales.com/homes/174235731
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50 Brookwood Dr Maplewood Twp., NJ 07040

  • Price: $849,000
  • Status: Active Under Contract
  • On Site: 34 Days
  • Updated: 166 min ago
  • MLS #: 4015373
9
Beds
4
Baths
0
½ Baths
0.09
Acres
1927
Built
County:
Essex
Area:
Maplewood Twp.
High School:
Columbia
Property Description
Well-maintained and consistently improved, this two-family property offers a strong investment or owner-occupant opportunity on the border of South Orange just moments from Seton Hall University, South Orange Village, the Maplewood pool and NYC transit. Both units feature spacious, flexible layouts with multiple bedrooms, high ceilings, hardwood floors, and abundant natural light. Both units span two levels, offering an expansive layouts with 4 (lower) & 5 (upper) bedrooms and 2 full bathrooms each. Each unit includes a living room, dining area, and an eat-in kitchen equipped with refrigerator, dishwasher, stove, and microwave. Additional highlights include in-unit laundry, off-street parking, and layouts that support strong, consistent tenant demand. The property has been extensively maintained and upgraded over time, including kitchen and bath improvements, heating system upgrades, drainage and sump pump work, chimney and structural updates, and newer roof. Recent updates such as exterior doors, parking area improvements, and leaf guard gutters further enhance long-term durability. From an investment perspective, the property offers solid in-place income with upside potential, supported by its size, layout, and highly desirable location near campus, transportation, and major employers. A compelling opportunity in one of Essex County's most consistently sought-after rental markets. **2026-2027 rents listed at $3450 & $4200 yielding a 7% NOI increase.
Exterior Features

Approximate Lot Size 40X102 Exterior Description Aluminum Siding Number Of Parking Spaces 8 Parking Driveway Description BlacktopCommonOff-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description FinishedFullWalkout Cooling Window A/C(s) Heating Radiators - Steam Interior Features Carbon Monoxide DetectorFire ExtinguisherHigh CeilingsSmoke DetectorStain Glass WindowsWood Floors Total Number Of Rooms 16 Unit1 Appliances Equipment CarbMDetCeilFanCookGasDishwshrDryerMicrowavRgOvGasWasher Unit1 Baths 2.0 Unit1 Bedrooms 4 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 2 Unit1 Room Description BedroomsDining RoomEat-In KitchenLaundry RoomLiving RoomUtility Room Unit1 Rooms 9 Unit1 Security Deposit 4980 Unit1 Sq Ft 2398 Unit2 Appliances Equipment CarbMDetCeilFanCookGasDishwshrDryerMicrowavRgOvGasWasher Unit2 Baths 2.0 Unit2 Bedrooms 5 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsDining RoomEat-In KitchenLaundry RoomLiving RoomUtility Room Unit2 Rooms 8 Unit2 Sq Ft 2350

Property Features

Assessment Total 768500 Building Assessment 561900 Easement Unknown Expenses Include Garbage CollectionInsuranceMaintenanceTaxes Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 90336 Land Assessment 206600 Net Operating Income 62832 Services Cable TV AvailableFiber Optic AvailableGarbage Extra Charge Sewer Public Sewer Tax Amount 18451 Tax Rate Amount 2.401 Tax Rate Year 2025 Tax Year 2025 Total Operating Expense 27504 Unit Style 2-Two StoryUnder/Over Unit1 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays HeatTenant Pays Water Unit1 Rent 3320 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays HeatTenant Pays Water Unit2 Rent 3925 Unit2 Security Deposit 5888 Utilities ElectricGas-Natural Water Public Water Year Built Description Approximate

Listing information © 2026 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of COLDWELL BANKER REALTY: 646-662-6655.


Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Braconi | Keller Williams Village Square Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Team Braconi | Keller Williams Village Square Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-04-21T23:48:47.1.
 
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