BEDS7
BATHS3 full
MLS#4013663
STATUS
PROPERTY TYPEMulti Unit - Multiple
Property Description
Investor opportunity! 156 North 18th Street in East Orange is a large three-family property offering strong income potential and immediate upside for investors. With 3,233 square feet of living space, the building features 13 rooms including 7 bedrooms and 3 bathrooms, providing the size and layout investors look for in multi-family assets.The property consists of a 3-bedroom, 1-bath first-floor unit and two 2-bedroom, 1-bath units on the upper floors. Current rents are below market, creating a clear value-add opportunity to increase income over time. The owner-occupied third-floor unit will be delivered vacant at closing, allowing the next owner to place a new tenant at market rent immediately.A major advantage is the separate utilities for each unit, including individual furnaces, hot water heaters, and electric meters. Tenants pay their own utilities while the landlord covers water and sewer, helping keep operating costs manageable.Additional features include two porches/decks, a large unfinished basement with storage potential, and a substantial building footprint rarely found in comparable properties.Located in East Orange with access to transportation and major commuter routes, this property presents a compelling opportunity for investors seeking a large multi-family with strong rental potential and long-term value.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished
Cooling: 3Units, None
Fuel Type: Electric, Gas-Natural
Heating: 3 Units, Radiators - Steam
Lot Size: 0.07 Acres
Roof Type: Asphalt Shingle
Taxes: $13,897
Year Built: 1910
Amenities
Blinds
Carbon Monoxide Detector
Fire Extinguisher
Smoke Detector
Wood Floors
Open Porch(es)
Feature Descriptions
Days on Site: 8
Driveway: On-Street Parking
Exterior: Vinyl Siding
Lot: Level Lot
Lot Dimensions: 0.07 acre(s)
Parking Notes: None
Sewer: Public Sewer
Utilities: Gas-Natural
Water: Public Water
Local Schools
High School: E ORANGE
Middle School: P HEALY
Elementary School: G PARKS
Listed By / Shown By
Listed By
Agency Name: KELLER WILLIAMS REAL ESTATE
Agency Contact: 609-987-8889
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
Estimate Your Payment
Estimated Payment
$ 2,957.91 per month $1,591.28 Principal & Interest $1,158.08 Property Tax $208.54 Homeowner's InsuranceChange Payment Information
156 N 18th St | MLS# 4013663
This multi-family property located at 156 N 18th St, East Orange, NJ 07017 is currently listed for sale with an asking price of $715,000. Search East Orange real estate on www.realtymark.net today.