Three-Unit Multi-Family
327 Amherst St, East Orange, NJ 07018
New
3-Three Story, Multi-Family - East Orange City, NJ
Property size:
3,030 SFLot size:
0.06 AcresPrice / SF:
$230/SF- Added:
- Jun 29, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 30 at 6:06 pm
Property Features for 327 Amherst St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Laundry, Living Room
- Parking
- 4
- Basement Y/N
- 1
- Appliances
- Dryer, Microwave, Oven - Gas, Range, Refrigerator
- Standard status
- Active
- Size
- 3,030 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11048
Utilities
- Heating system
- Baseboard, Electric (Heating)
Building Details
- Year built
- 1920
- Number of units
- 3
- Building materials
- Aluminum Siding
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent SHARON KUSHNER (866) 201-6210
Listing office EXP REALTY, LLC 28 VALLEY ROAD, Montclair, NJ (866) 201-6210
Listing date Jun 29, 2026
MLS# 4037514
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
- Fully rented 3‑family property with 3BR units on the first and second apartments and a 2BR third apartment
- Recent updates include freshly painted common areas (hallway and staircase) and two apartments recently painted
- New boiler and new hot water heater for updated mechanicals
- Basement is equipped with plumbing connections for a toilet, shower, and sink and includes multiple window openings
- Appliances included: dryer, microwave, gas oven, range, and refrigerator
- 1920 construction with aluminum siding, asphalt/shingle roof, and basement access
Overview
This three-unit, three-story multi-family residence is presented in good condition and is described as fully rented. The first and second apartments each provide three bedrooms, while the third apartment offers two bedrooms. Interior updates include recently painted units and freshly painted common areas, including the hallway and staircase. Outside, the property offers a spacious front porch and a backyard.
A basement level was previously configured as an apartment and includes plumbing connections for a toilet, shower, and sink. The space also has multiple window openings, which may support additional living space, recreation, storage, or other permitted uses, subject to local approvals. Additional improvements noted in the listing include a brand-new boiler and a brand-new hot water heater.
For buyers seeking a residential income property, this layout supports a mix of three- and two-bedroom units within a single structure, with basement flexibility that can be explored through the appropriate approvals. For owner-occupants, the configuration provides rental income potential alongside the option to use the residence for personal occupancy while offsetting housing costs. This is a straightforward option for an operator looking for a maintained three-family building with recent mechanical upgrades and usable outdoor space.
A basement level was previously configured as an apartment and includes plumbing connections for a toilet, shower, and sink. The space also has multiple window openings, which may support additional living space, recreation, storage, or other permitted uses, subject to local approvals. Additional improvements noted in the listing include a brand-new boiler and a brand-new hot water heater.
For buyers seeking a residential income property, this layout supports a mix of three- and two-bedroom units within a single structure, with basement flexibility that can be explored through the appropriate approvals. For owner-occupants, the configuration provides rental income potential alongside the option to use the residence for personal occupancy while offsetting housing costs. This is a straightforward option for an operator looking for a maintained three-family building with recent mechanical upgrades and usable outdoor space.
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 | $77.4k | $25.56 |
| − Vacancy | −$5.0k | −$1.65 |
| EGI | $72.4k | $23.91 |
| − OpEx | −$21.7k | −$7.17 |
| NOI | $50.7k | $16.74 |
3,030 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$724.4K
$633.9K – $845.2K
NOI $50,711 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$665.6K
$582.4K – $776.6K
NOI $46,595 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$791.2K
$692.3K – $923.1K
NOI $55,384 @ 7.0% cap · market cap 7.92%
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
- -74.2237
- Latitude
- 40.75417
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Well-maintained three-unit property with updated mechanicals, generous outdoor space, and flexible basement configuration possibilities.
Where is this triplex located?
The property is located at 327 Amherst St East Orange, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Fully rented 3‑family property with 3BR units on the first and second apartments and a 2BR third apartment; Recent updates include freshly painted common areas (hallway and staircase) and two apartments recently painted; New boiler and new hot water heater for updated mechanicals
