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

    81 N Grove St East Orange, NJ 07017

    View on Map
    For Sale
    $969,000

    3-Three Story, Multi-Family - East Orange City, NJ

    Lot size:
    0.13 Acres
    Added:
    Mar 19, 2026
    Days on Market:
    14
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 81 N Grove St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    6
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
    Basement Y/N
    1
    Appliances
    Dryer, Oven - Gas, Range, Refrigerator, Washer/Dryer Combo, Washer/Dryer Stack, Water - Softener
    Standard status
    Active
    Lot size
    0.13 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    7162

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air, Multi Units

    Building Details

    Year built
    1930
    Number of units
    3
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    DARREN NURSE

    Listing agent DARREN NURSE

    Listing office BHHS JORDAN BARIS REALTY 50 MT. PLEASANT AVE., West Orange, NJ

    Listing date Mar 19, 2026

    MLS# 4015440 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.

    Overview

    East Orange City Multi-Family Property

    This well-maintained three-unit property is located in East Orange City. It features three spacious 2-bedroom apartments, each designed for comfort and functionality. Every unit includes its own washer and dryer, central air, and forced hot air heating. The property also features a partially finished basement, providing additional usable space with potential for storage, recreation, or future customization. A rare 3-car garage provides convenience for tenants. The property is moments away from Oval Park, a local green space. Commuters will appreciate the easy access to major highways and mass transit, making travel to surrounding towns and New York City convenient. The property sits on a lot of approximately 0.13 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

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

    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
    -74.2036
    Latitude
    40.75958

    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
    • $650,000
      2,996 SF

      Spacious Renovated Two-Family Home

      Large, renovated two-family home in East Orange's Elmwood section.
      130 Elmwood Avenue, East Orange, NJ 07018
      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
    • $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?
    Triplex - Three-unit property with modern amenities and convenient location.
    Where is this triplex located?
    The property is located at 81 N Grove St East Orange, NJ.
    What is the asking price?
    The asking price for this property is $969,000.
    What are key features of this property?
    This property features: Three income‑generating units, ideal for investors or owner‑occupants.; Rare 3‑car garage provides significant value and tenant appeal.; Each unit features in‑unit washer/dryer and central air conditioning.
    (973) 736-1600
    We can help!
    Listing Contact
    DARREN NURSE
    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!