Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    130 Elmwood Avenue East Orange, NJ 07018

    View on Map
    For Sale
    $650,000

    2 Family - East Orange, NJ

    Property size:
    2,996 SF
    Lot size:
    0.14 Acres
    Added:
    Mar 22, 2026
    Days on Market:
    11
    Last Refresh:
    Apr 1 at 2:06 pm

    Property Features for 130 Elmwood Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Garage, On Street
    Standard status
    Active
    APN
    0500500000000059
    Size
    2,996 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    10598

    Building Details

    Year built
    1930
    Architectural style
    Other

    We can help!

    Listing Contact
    SHINA KALOTY

    Listing agent SHINA KALOTY

    Listing office COLDWELL BANKER REALTY 40 MIDDLESEX AVE., RT 27, METUCHEN, NJ

    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.

    Overview

    Spacious Renovated Two-Family Home

    This large two-family property, situated in the Elmwood section of East Orange, offers approximately 3000 square feet of living space. The property features a new roof, fence, washer/dryer, renovated interiors with new large kitchens, fresh paint, new fixtures, appliances, flooring, and bathrooms, as well as a newer hot water and furnace. Each floor includes a sunroom, separate living room, and dining room. The first floor comprises 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. Access to both the first and second floors is available from the front or side of the house. The attic functions as a third floor, containing two bedrooms and an office. The property is conveniently located near parks, schools, highways, and shopping. The lot size is 0.1377 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Orange
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2192742
    Latitude
    40.753884

    Nearby Similar for Sale

    • $1,215,000
      5,476 SF

      East Orange Healthcare Facility

      Licensed residential healthcare facility in East Orange City, New Jersey.
      146 S Munn Ave, East Orange City, NJ 07018-2739
      View Details
    • $625,000

      Renovated Duplex on Tree-Lined Street

      Updated 2-family duplex near transportation and parks. Investor or owner-occupant.
      18 McKay Avenue, East Orange, NJ 07018
      View Details
    • $950,000

      East Orange Multifamily Home

      New construction multifamily home with high-end finishes in East Orange.
      132 N 17th, East Orange, NJ 07017
      View Details
    • $920,000
      4,200 SF

      Renovated Multi-Family in East Orange

      Turnkey investment opportunity in a rapidly developing East Orange neighborhood.
      150 N Munn Ave, East Orange City, NJ 07017-4297
      View Details
    • $569,000

      East Orange City Triplex

      Three-unit multifamily property with income potential and ample parking.
      31 Chestnut St, East Orange City, NJ 07018-3053
      View Details
    • $969,000

      East Orange City Multi-Family Property

      Three-unit property with modern amenities and convenient location.
      81 N Grove St, East Orange City, NJ 07017-4778
      View Details
    • $3,995,000
      24,000 SF

      East Orange Commercial Investment Opportunity

      Fully occupied commercial building with long-term tenants and income potential.
      110 S Grove St, East Orange City, NJ 07018-4102
      View Details
    • $665,000

      Renovated Two-Family Property, East Orange

      Updated two-family property with parking and convenient location.
      465 Norwood St, East Orange City, NJ 07018-1070
      View Details
    • $699,900
      3,000 SF

      Spacious Multifamily in East Orange

      Two-unit property with 8 bedrooms, ideal for investors/owner-occupants.
      157 N 14Th St, East Orange City, NJ 07017-5210
      View Details
    • $1,599,000
      5,160 SF

      East Orange Retail Investment Opportunity

      Prime income-producing property in a thriving East Orange commercial corridor.
      41-45 N Clinton St, East Orange City, NJ 07017-3503
      View Details
    • $749,999

      Renovated Multi-Family Home, East Orange

      Turnkey 9-bedroom property near amenities and transportation.
      15 Winthrop Ter, East Orange City, NJ 07018-4110
      View Details
    • $749,999
      9,999 SF

      East Orange Mixed-Use Redevelopment Opportunity

      Prime location near train station with mixed-use and residential potential.
      61 Lincoln St, East Orange City, NJ 07017-2304
      View Details

    FAQs

    What type of property is this?
    Duplex - Large, renovated two-family home in East Orange's Elmwood section.
    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 $650,000.
    What are key features of this property?
    This property features: Completely renovated interiors with **new kitchens, bathrooms, appliances, flooring, and fixtures.**; New roof, fence, washer/dryer, hot water and furnace.; Very large two‑family property with approximately 3000 sq ft of living space.
    (732) 494-7700
    We can help!
    Listing Contact
    SHINA KALOTY
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!