9 Lombardy Pl #4 · Vauxhall, NJ 07040-3242

$899,000

8 bd · 4.0 ba · 39,996 sqft · MultiFamily · 5 Days on market

Built 1927 Good condition 3,920 sqft lot

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +5.0/10.0
• Schools +4.7/10.0
• Condition / age +4.2/5.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks MLS

Incredible Investment Opportunity in Maplewood! Welcome to 9 Lombardy Place, a well-maintained 4-family property with many upgrades and featuring separate utilities for each unit. Ideal for investors or owner-occupants seeking rental income. First-floor unit is vacant with estimated market rent of approximately $1,900/month. Additional units currently rent for: Unit 2 at $1,725/month and month to month, Unit 3 at $1,450/month with lease ending in 2027, and Unit 4 at $2,700--month-month to month. Conveniently located near shopping, restaurants, parks, schools, and NYC transportation. Annual taxes are $14,266.58. Excellent opportunity to own an income-producing property in desirable Maplewood.

Key facts

• 3,920 sq ft lot
• 5 parking spots
• Built 1927

What this means for you Summary

Snapshot

• This is a 4 × 2-bed/1.0-bath units multifamily listed at $899k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $6k ($77k/yr) — positive. Per door: $2k/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($16k rent vs $899k).

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• South Orange-Maplewood School District (suburban): math 33% / reading 63% proficiency, ranked #114 of 472 in NJ (top 24%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 14% free/reduced lunch — higher-income household profile.
• Market conditions: 2 active listings in the ZIP; 3,364 units permitted in Essex County in 2024 (2,551 in 5+ unit buildings).

Forward outlook

• In year one you build about $33k of equity ($6k loan paydown + $27k appreciation (3.0% local appreciation)).
• Essex County population projected at +3% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $252k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$54k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1927 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $899,000

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1927 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.78% ✓
• Cap rate: 14.87%
• Cash-on-cash: 30.64%
• DSCR: 2.36
• GRM: 4.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 36.5%
• Equity multiple: 3.06×
• Total profit: $517,892
• Equity at exit: $404,229

10-year hold

• IRR: 36.6%
• Equity multiple: 6.05×
• Total profit: $1,270,425
• Equity at exit: $622,966

Cash invested: $251,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 21 Tenant-Leaning
• State New Jersey: 21 Tenant-Leaning · D+6
• County: — inherits STATE
• City: — inherits STATE

Anti-eviction Act requires just-cause statewide; rent control in 100+ municipalities; one of the most tenant-friendly states.

Methodology + full state rankings →

ZIP-level market 07040-3242

• Active inventory: 2
• Price-to-rent: 18.7×

Monthly cashflow live

• Estimated rent: $16,000 medium
• Mortgage (P&I): −$4,714
• Tax est. 1.5%: −$1,124 /mo · $13,485/yr
• Insurance: −$375
• HOA: −$0
• Vacancy / Maint / Mgmt: −$3,360
• Net cashflow: $6,427

Break-even live

Break-even rent $7,864

Max offer price $899,000

Occupancy floor 55%

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	2	1	$16,000
Total (4 units)			$16,000

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $224,750
• Closing costs: $26,970
• Reserves months: —
• Total cash needed: —

Listing history 1 events

1. 2026-05-23
   historical $899,000 700-char remark

   Show marketing remark (700 chars)

   Incredible Investment Opportunity in Maplewood! Welcome to 9 Lombardy Place, a well-maintained 4-family property with many upgrades and featuring separate utilities for each unit. Ideal for investors or owner-occupants seeking rental income. First-floor unit is vacant with estimated market rent of approximately $1,900/month. Additional units currently rent for: Unit 2 at $1,725/month and month to month, Unit 3 at $1,450/month with lease ending in 2027, and Unit 4 at $2,700--month-month to month. Conveniently located near shopping, restaurants, parks, schools, and NYC transportation. Annual taxes are $14,266.58. Excellent opportunity to own an income-producing property in desirable Maplewood.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥101°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $192,000
• − Mortgage interest: −$50,358
• − Property taxes: −$13,485
• − Insurance: −$4,495
• − Repairs & maintenance: −$15,360
• − Management: −$15,360
• − Depreciation: −$26,153
• Taxable income: $66,789
• Est. tax owed @ 24.0%: −$16,029
• After-tax cash flow: $61,097/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 30 photos

Good 85/100 Cosmetic rehab

This 4-family property in Maplewood is well-maintained with modern updates and is an excellent investment opportunity.

Value-add opportunities

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics
• Both Updating flooring in common areas — New flooring can improve the overall look and feel of the property
• Both Upgrading kitchen appliances — Modern appliances can attract more renters and buyers
• Both Renovating bathrooms — Modernizing bathrooms can increase the property's value and appeal

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Updating flooring in common areas — New flooring can improve the overall look and feel of the property ↑
• Both Upgrading kitchen appliances — Modern appliances can attract more renters and buyers ↑
• Both Renovating bathrooms — Modernizing bathrooms can increase the property's value and appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: South Orange-Maplewood School District
• NCES district ID: 3415330
• Math proficiency: 33% ▼ -23.00%
• Reading proficiency: 63% ▼ -5.00%
• Median HH income: $115,876
• Composite: 47.3/100
• National rank: #2301
• State rank: #114 of 472 in NJ

Livability — Vauxhall

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

No demographic data for this ZIP.

Market trends

• HPI YoY: —
• Current HPI: —
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.05%
• F500 in state: 34

Industry mix (Fortune 500 HQ in NJ)

Industry	F500 HQs	Revenue
▸Consumer Goods	3	$31B
▸Pharmaceuticals	2	$153B
▸Technology	2	$21B
▸Insurance	2	$20B
▸Healthcare	2	$19B
▸Financial Services	1	$70B

Price history

1 event — show timeline

• 2026-05-23 Coming Soon $899,000 GSMLS