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Listed by Marina Fridman Rybner Corcoran Sawyer Smith
$ 699,000
Est. payment /mo
New
156 Elmwood AVE East Orange, NJ 07018
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25037541
Style 4 Family
Full Baths 4
Half Baths 1
Property Sub-Type 4 Family
Property Description
INVESTOR ALERT Grand FOUR-unit on a corner lot with strong rent-growth potential and classic architectural details. Configured as three spacious 1BRs and one studio, the building sits proudly with lots of windows, bright rooms, high ceilings, and a sweeping grand staircase that makes an immediate impression. Three units are vacant ideal for quick cosmetic updates and immediate leasing; the fourth is a well-maintained 1BR on month-to-month, allowing flexible repositioning. The studio stands out with a gorgeous fireplace and private porch a premium renter magnet. The 1st-floor 1BR has a private entrance and direct, exclusive access to the full basement, perfect for an end user, added storage income, or laundry convenience. The basement includes laundry hook-ups plus abundant storage, and a large walk-up attic offers finish potential (buyer to verify). Driveway parking for approx. six cars. Separate gas & electric. Neighborhood momentum is real this pocket has seen significant new development, supporting future appreciation and tenant demand. Location checks every box: close to schools, shopping, parks, major highways, and NYC train/bus. Perfect for house-hackers, end users, and long-term buy-and-hold investors seeking cap-rate expansion.
Location
State NJ
County Essex
Interior
Laundry Basement
Others
Virtual Tour https://www.zillow.com/view-imx/c6155153-8f86-4aa2-b569-605b9158f370?initialViewType=pano
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