NJ
Essex
East Orange City
07017
156 N 18Th St
156 N 18Th St, East Orange City, NJ 07017
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Listing Type
Multi Family
Listing Status
Active
3
$670,000

Home Details for 156 N 18Th St

Price
$670,000
Type
Residential Income
Bedrooms
8
Total Bathrooms
3
Full Bathrooms
3
Square feet
3233
Year built
1910
Lot size acres
0.07
County
Essex
Total rooms
14
Basement
Full, Unfinished
MLS Listing#
4037416
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
  • Utilities
    • Cable Available
    • Natural Gas Available
  • Basement
    • Full
    • Unfinished
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
  • Parking
    • On Street
Listing Courtesy: KELLER WILLIAMS REAL ESTATE - 609-987-8889
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EXIT PLATINUM REALTY
200 Claremont Ave, Montclair, NJ 07042
Office
973 746 4777
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