Spacious Multifamily Property in East
130 Elmwood Avenue, East Orange, NJ 07018
MULTI_FAMILY - East Orange, NJ
Property size:
2,996 SFLot size:
0.14 AcresPrice / SF:
$236/SF- Added:
- Mar 22, 2026
- Days on Market:
- 92
- Last Refresh:
- Jun 21 at 12:06 pm
Property Features for 130 Elmwood Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Basement, Dining Room
- Parking features
- Garage, On Street
- Patio and Porch features
- Porch
- Interior features
- Unit 1(Dining Room, 2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(Dining Room, 4 Bedrooms, Kitchen, 1 Bath, Living Room)
- Exterior features
- Porch(es) - Enclosed, Sidewalk, Fencing/Wall
- Fencing
- Fenced
- Accessibility
- Accessible Approach with Ramp
- Appliances
- Water Heater(Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator)
- Standard status
- Active Under Contract
- APN
- 0500500000000059
- Size
- 2,996 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 10598
Utilities
- Sewer type
- Public Sewer
- Heating system
- Other (Heating), Hot Water(Heating)
- Cooling system
- Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
Listing agent Shina Kaloty (732) 494-7700
Listing office COLDWELL BANKER REALTY 40 MIDDLESEX AVE., RT 27, METUCHEN, NJ (732) 494-7700
Listing date Mar 22, 2026
MLS# 2612556R
Listing URL
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two‑family home (Year built 1930) with Unit 1: 2 bedrooms, kitchen, living room, 1 bath; Unit 2: 4 bedrooms, kitchen, living room, 1 bath
- Approx. 3,000 sq ft living area with a finished attic offering an additional 2 bedrooms and an office
- Renovated interiors including new very large kitchens, freshly painted rooms, and updated fixtures, flooring, and bathrooms
- Brand new asphalt roof plus newer hot water and furnace; gas and electric water heater(s) included
- Two enclosed porches/sunrooms (one on each floor) and accessible approach with a ramp
- Public utilities: public water and public sewer; garage and on‑street parking; vinyl siding with fenced exterior
Overview
This large two-family property is located in the Elmwood section of East Orange. The building offers approximately 3000 square feet of living area and features a new roof and fence. The interiors have been renovated with new kitchens, fresh paint, new fixtures, appliances, flooring, and bathrooms. Newer hot water and furnace systems are in place. Each floor includes a sunroom, living room, and dining room. The first floor has two bedrooms, a large kitchen, a sunroom, and a full bathroom. The second floor mirrors this layout, with the addition of two more bedrooms and an office in the finished attic. The attic functions as a third floor, containing two bedrooms and an office. Access to the first and second floors is available from both the front and side of the house. Washer and dryer are included. The property is situated close to parks, schools, highways, and shopping areas. The lot size is 0.1377 acres.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.6k | $25.56 |
| − Vacancy | −$4.9k | −$1.65 |
| EGI | $71.6k | $23.91 |
| − OpEx | −$21.5k | −$7.17 |
| NOI | $50.1k | $16.74 |
2,996 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$716.3K
$626.8K – $835.7K
NOI $50,142 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$658.2K
$575.9K – $767.9K
NOI $46,072 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$782.3K
$684.5K – $912.7K
NOI $54,762 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- East Orange
- County
- Essex
- State
- New Jersey
- Longitude
- -74.2192742
- Latitude
- 40.753884
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Large, renovated two-family property with modern amenities and convenient location.
Where is this duplex located?
The property is located at 130 Elmwood Avenue East Orange, NJ.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Two‑family home (Year built 1930) with Unit 1: 2 bedrooms, kitchen, living room, 1 bath; Unit 2: 4 bedrooms, kitchen, living room, 1 bath; Approx. 3,000 sq ft living area with a finished attic offering an additional 2 bedrooms and an office; Renovated interiors including new very large kitchens, freshly painted rooms, and updated fixtures, flooring, and bathrooms
