Triplex with Front
For Sale
$799,000
327 Amherst St, East Orange, NJ 07018
Multi-Family, 3-Three Story, East Orange City, NJ
Property Size3,030 SF
Lot Size0.06 Acres
Price / SF$263.70
Days on Market89
Property Features for 327 Amherst St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 6, Bedroom 1, Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 8, Bathroom 1, Bedroom 3, Basement, Bedroom 2, Bedroom 7
Parking
4
Directions
between Rhode Island Avenue & Tremont Avenue
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
Electric (Heating), Baseboard
Water source
Public
Amenities
front porch
backyard
Building Details
Year built
1920
Floors in Building
3
Number of units
3
Roof type
Shingle
Architectural style
Other
Listing Agency:
EXP REALTY, LLC
(866) 201-6210
Listed By:
SHARON KUSHNER · License #10301224986
(917) 612-2523
Added: Jun 29
Changed: Sep 22
Last Checked: Sep 25 at 4:06AM
MLS# 4037514
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.
Investment Insights
Based on property information with market context.
This 3,030-square-foot triplex was built in 1920 and contains three apartments with an eight-bedroom total configuration: the first and second units each have three bedrooms, while the third has two. The middle apartment is vacant. Two apartments, along with the shared hallway and staircase, have been recently painted. A new boiler and hot water heater provide updated mechanical equipment. The property also includes a front porch, backyard, shingle roof, public water, electric heating, and baseboard heat.
The basement provides additional space with plumbing connections for a toilet, shower, and sink, plus multiple window openings. Located at 327 Amherst St in East Orange City, NJ, the property occupies a 0.06-acre lot in Essex County. The first apartment currently has a Section 8 tenant paying below-market rent, with the landlord working toward a move-out and planned cleaning and painting afterward.
The basement provides additional space with plumbing connections for a toilet, shower, and sink, plus multiple window openings. Located at 327 Amherst St in East Orange City, NJ, the property occupies a 0.06-acre lot in Essex County. The first apartment currently has a Section 8 tenant paying below-market rent, with the landlord working toward a move-out and planned cleaning and painting afterward.
Key Highlights
- 3,030 square feet on a 0.06‑acre lot
- Three apartments with 3, 3, and 2 bedrooms
- Middle apartment is currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,711
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,014,220
$1.0M
Cap Rate 7%
$724,443
$724.4K
Cap Rate 9%
$563,456
$563.5K
Market Conditions
NOI Build-Up for 3,030 SF
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.
Gross rent
$77.4K $25.56/SF
− Vacancy
−$5.0K −$1.65/SF
EGI
$72.4K $23.91/SF
− OpEx
−$21.7K −$7.17/SF
NOI
$50.7K $16.74/SF
Area
Essex County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,014,220
Cap Rate 7%
$724,443
Cap Rate 9%
$563,456
Alternative Uses
Best Use
Multifamily LT 5
$724.4K
$633.9K – $845.2K
NOI $50,711 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$665.6K
$582.4K – $776.6K
NOI $46,595 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$791.2K
$692.3K – $923.1K
NOI $55,384 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,865
Businesses Nearby
Explore this area
Business Placement
Demographics for 07018, NJ
30,429
Population
13,107
Households
2.3
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
1.7 sq mi
ZIP Area
17,899
Density / Sq Mi
$59,039
Median Household Income
$39,630
Median Earnings
$1,410
Median Rent
$314,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with a vacant middle apartment, updated mechanical systems, and additional basement utility connections.
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 $799,000.
What are key features of this property?
This property features: 3,030 square feet on a 0.06‑acre lot; Three apartments with 3, 3, and 2 bedrooms; Middle apartment is currently vacant
