BEDS8
BATHS3 full
MLS#4037416
STATUS
PROPERTY TYPEMulti Unit - Multiple
Property Description
Three income streams. One address. Day-one cash flow.This 3,233 sq ft East Orange triplex has been generating rent for over a century ? and it's built to keep going. Two tenants are already in place. The third unit comes delivered vacant at closing, giving you immediate control: set your price, select your tenant, and push rents to market rate from day one.Each floor operates as a fully independent unit with separate furnaces, hot water heaters, and electric meters. Tenants cover their own gas and electric. Your exposure is water and sewer ? and that's it. That's the structure disciplined investors look for.Current rents on units 1 and 2 are below market. That's not a liability ? that's runway. It's a clear, documented path to increased NOI without touching your renovation budget. Add a full unfinished basement for storage upside, two outdoor porches that attract and retain quality tenants, and fiber optic service throughout, and the operational picture is strong.East Orange is a commuter market. NJ Transit access, proximity to Newark, and easy routes to Manhattan are features your tenants will pay for every month ? year after year.Don't sit on this one. Below-market rents on a property this size move fast once the right investor finds it.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished
Cooling: 3Units, None
Fuel Type: Gas-Natural
Heating: 3 Units, Radiators - Steam
Lot Size: 0.07 Acres
Roof Type: Asphalt Shingle
Taxes: $13,897
Year Built: 1910
Amenities
Carbon Monoxide Detector
Carpeting
Fire Extinguisher
Smoke Detector
Vinyl-Linoleum Floors
Wood Floors
Open Porch(es)
Feature Descriptions
Days on Site: 4
Driveway: None, On-Street Parking
Exterior: Vinyl Siding
Lot Dimensions: 0.07 acre(s)
Parking Notes: None, On-Street Parking
Sewer: Public Sewer
Utilities: Electric, Gas-Natural
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: KELLER WILLIAMS REAL ESTATE
Agency Contact: 609-987-8889
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 2,844.63 per month $1,491.13 Principal & Interest $1,158.08 Property Tax $195.42 Homeowner's InsuranceChange Payment Information
156 N 18th St | MLS# 4037416
This multi-family property located at 156 N 18th St, East Orange, NJ 07017 is currently listed for sale with an asking price of $670,000. Search East Orange real estate on www.realtymarkllc.com today.