499 Valley St, Maplewood, NJ 07040 - Photo 1

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$1,500,000 Just Listed

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Commercial

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Property Description

Excellent opportunity to own a well maintained mixed use investment property in a thriving Maplewood location. This unique property consists of a fully renovated two-family home plus a separate single story commercial office space, offering strong rental income and long-term upside for investors or business owners alike. The residential building has been recently and extensively renovated, featuring beautifully updated kitchens, modern bathrooms, and refreshed flooring throughout. Tenants also enjoy access to the basement which includes two separate washers and dryers, adding convenience and additional value for residents. An benefit for tenants include access to the 3rd floor - which is open for their exclusive use as a office space, recreation area or storage. The street level commercial office space offers great visibility and flexibility for a wide variety of uses. Whether you're an investor looking for stable income or a business owner seeking a high-traffic location while offsetting expenses with rental income, this property presents a compelling opportunity. Located just moments from the Maplewood train station and the vibrant Maplewood Village, the property benefits from constant foot traffic, nearby restaurants, shops, and easy access to NYC transportation.

Full Property Details

Full Property Details for 499 Valley St

General

Price: $1,500,000
Taxes: $22,166 (2025)
Status: Active
Type: Commercial
Source: Garden_State
MLS ID: 4019953
Updated: 4/10/2026
Added to Site: 4 day(s) ago

Business

Includes: Building & Land

Rental Information

Lease Terms: 1 Year Minimum

Interior

Flooring: Tile, Wood

Rooms

Bathrooms

Total Bathrooms: 3
Restrooms: 3

Additional Information

Equipment: Appliances

Parking

Garage Spaces: 9
Parking: 1 Car Width, Off-Street Parking, Parking Lot-Exclusive

Location

County: Essex
Subdivision: Valley St
Driving Directions: Valley btwn Parker & Jefferson
Location Details: Business District, Residential Area

Heating & Cooling

Cooling Type: No Cool
Heating Type: Radiators - Steam
Heating Fuel: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public Water
Utility Description: Natural Gas, Garbage Extra Charge

Structural Information

Construction: Wood
Exterior Const.: Concrete, Vinyl Siding
Basement: Yes
Basement Desc.: Full, Unfinished
Roof: Asphalt Shingles, Flat
Ceiling Height: 9
Door Dimensions: 9999
Stories in Building: 3
Square Feet: 9,999
Aprox. Leasable: 9,999 Sq. Ft.
Office: 9,999 Sq. Ft.
Year Built: 1922
Remodeled/Updated: 2024

Unit Information

3 Bedroom Units: 2

Lot Features

Lot Size (Acres): 0.17
Lot Size: 50X150
Permitted Use: Office, business, multi fam
Zoning: OB

Financial Considerations

Price Per Sq. Ft.: $999
Expenses: Gas/Oil, Insurance, Taxes, Trash
Operating Expenses: $30,034
Assessment Amount: $923,200
Land Assmt: $250,000
Tax Amount: $22,166
Tax Year: 2025
Owner Pays: Maintenance-Common Area, Maintenance-Lawn, See Remarks, Sewer, Trash Removal
Tenant Pays: Cable T.V., Electric, Gas, Heat
Pays Utilities: Tenant

Disclosures and Reports

Ownership: Fee Simple
Documents Avail.: Income & Expenses, Leases, Survey Available
Disclosures: Yes
APN: 1611-00016-0002-00087-0000-
Block: 16.02
Lot Number: 87

Listed by Compass New Jersey, Llc

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— 499 Valley St —

Compass New Jersey, Llc

973-420-4401

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Schools

Schools serving 499 Valley St

School District:South Orange-Maplewood School District

Name	Grades	Distance
Delia Bolden Elementary School 518 Ridgewood Road, Maplewood, NJ 07040	3-5	0.5 mi
Clinton Elementary School, Maplewood, NJ 27 Berkshire Road, Maplewood, NJ 07040	K-5	0.7 mi
Tuscan Elementary School 25 Harvard Avenue, Maplewood, NJ 07040	K-5	0.7 mi
Maplewood Middle School 7 Burnet Street, Maplewood, NJ 07040	6-8	0.6 mi
South Orange Middle School 70 North Ridgewood Road, South Orange, NJ 07079	6-8	1 mi
Columbia Senior High School 17 Parker Avenue, Maplewood, NJ 07040	9-12	0.1 mi
South Mountain Annex 444 West South Orange Avenue, South Orange, NJ 07079	K-5	0.9 mi
Seth Boyden Elementary School 274 Boyden Avenue, Maplewood, NJ 07040	K-5	1.3 mi
Marshall Elementary School 262 Grove Road, South Orange, NJ 07079	K-2	1.4 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 499 Valley St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

4/10/2026

Listed

$1,500,000

131.12%

MLS

8/28/2008

Sold

$649,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 499 Valley St

Year

Property Taxes

Change

Tax Assessment

Change

2024

$21,354

—

$923,200

—

2023

$21,248

$923,200

57%

2022

$20,719

$587,600

—

2021

$20,083

$587,600

—

2018

$18,468

-3%

$587,600

—

2019

$18,956

$587,600

—

2017

$17,916

25%

$587,600

51%

2016

$14,335

$389,000

—

2015

$14,004

$389,000

—

2013

$13,459

—

$389,000

—

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 499 Valley St

499 Valley St, Maplewood, NJ 07040 (MLS# 4019953) is a Commercial property. 499 Valley St is currently listed for $1,500,000 and was received on April 10, 2026. Want to learn more about 499 Valley St? Do you have questions about finding other Commercial real estate for sale in Maplewood? You can browse all Maplewood real estate or contact a Coldwell Banker agent to request more information.

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499 Valley St Maplewood, NJ 07040