Three-Unit Triplex with Independent
156 N 18Th St, East Orange, NJ 07017
New
Multi-Family, 3-Three Story, Triplex - East Orange City, NJ
Property size:
3,233 SFLot size:
0.07 AcresPrice / SF:
$207/SF- Added:
- Jun 27, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 30 at 6:06 pm
Property Features for 156 N 18Th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen, Living Room, Master Bedroom
- Patio and Porch features
- Porch
- Interior features
- Carbon Monoxide Detector, Carpeting, Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors, Wood Floors
- Exterior features
- Open Porch(es)
- Fireplace
- 1
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 3,233 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 13897
Utilities
- Heating system
- Fireplace(s), Other (Heating), Steam
- Cooling system
- Multi Units, None (Cooling)
Building Details
- Year built
- 1910
- Number of units
- 3
- Building materials
- Vinyl Siding
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent CARDWELL THAXTON (609) 987-8889
Listing office KELLER WILLIAMS REAL ESTATE 100 CANAL POINTE BLVD, Princeton, NJ (609) 987-8889
Listing date Jun 27, 2026
MLS# 4037416
Listing URL
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 3,233 sq ft East Orange triplex built in 1910 with three income streams
- Two tenants already in place; third unit delivered vacant at closing
- Each floor operates as a fully independent unit with separate furnaces, hot water heaters, and electric meters
- Tenants cover their own gas and electric; owner exposure listed as water and sewer
- Full unfinished basement for storage, plus two outdoor open porches
- Roof is asphalt shingle and property has vinyl siding; fiber optic service is listed throughout
Overview
This three-story triplex offers three separate income units under one address, totaling 3,233 square feet. Each floor functions as a fully independent unit with its own furnace, hot water heater, and electric meter. Tenants are responsible for their own gas and electric, while the owner’s utilities exposure is described as water and sewer only. At closing, two units are occupied, and the third unit is delivered vacant, providing immediate control for the next tenancy.
The property also includes a full unfinished basement for storage flexibility and two outdoor porches. Fiber optic service is listed throughout the building. The asset is located in East Orange, with the remarks noting NJ Transit access, proximity to Newark, and easy routes to Manhattan.
For investors and owner-operators, the building’s separate mechanical and metering setup can simplify day-to-day operations by keeping each unit independent. The listing notes that the current rents on units 1 and 2 are below market, and the vacant third unit at closing provides a straightforward opportunity to set new terms. This configuration may appeal to buyers seeking a multi-unit structure with clear unit separation and a ready path to update occupancy and tenancy terms.
The property also includes a full unfinished basement for storage flexibility and two outdoor porches. Fiber optic service is listed throughout the building. The asset is located in East Orange, with the remarks noting NJ Transit access, proximity to Newark, and easy routes to Manhattan.
For investors and owner-operators, the building’s separate mechanical and metering setup can simplify day-to-day operations by keeping each unit independent. The listing notes that the current rents on units 1 and 2 are below market, and the vacant third unit at closing provides a straightforward opportunity to set new terms. This configuration may appeal to buyers seeking a multi-unit structure with clear unit separation and a ready path to update occupancy and tenancy terms.
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 | $82.6k | $25.56 |
| − Vacancy | −$5.3k | −$1.65 |
| EGI | $77.3k | $23.91 |
| − OpEx | −$23.2k | −$7.17 |
| NOI | $54.1k | $16.74 |
3,233 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$773.0K
$676.4K – $901.8K
NOI $54,108 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$710.2K
$621.5K – $828.6K
NOI $49,717 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$844.2K
$738.7K – $984.9K
NOI $59,094 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- East Orange
- County
- Essex
- State
- New Jersey
- Longitude
- -74.19685
- Latitude
- 40.76353
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-story triplex with separate utilities and two occupied units, with a third delivered vacant at closing.
Where is this triplex located?
The property is located at 156 N 18Th St East Orange, NJ.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: 3,233 sq ft East Orange triplex built in 1910 with three income streams; Two tenants already in place; third unit delivered vacant at closing; Each floor operates as a fully independent unit with separate furnaces, hot water heaters, and electric meters
