3-Unit Triplex with
For Sale
$575,000
108 S Arlington Ave, East Orange, NJ 07018
Two apartments have two bedrooms each, while the upper unit contains one bedroom.
Property Size2,962 SF
Price / SF$194.13
Days on Market9
Property Features for 108 S Arlington Ave
General Information
Standard status
Active
Size
2,962 SF
Total Parking Spaces
5
Property subtype
Multi Family Home
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Amenities
Carpeting
Parquet Floors
Vinyl-Linoleum Floors
Wood Floors
Metal Fence
Patio
Sidewalk
Building Details
Building Size
2,962 SF
Year Built
1930
Stories
3
Units
3
Listing Agency:
Nexthome Premier
(908) 325-5000
Listed By:
Roseann O Keefe
Source:
Culturaunitedrealty
Added: Oct 16
Changed: Oct 23
Last Checked: Oct 23 at 4:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nexthome Premier
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Investment Insights
Based on property information with market context.
This 2,962-square-foot triplex, built in 1930, contains three apartments. The first- and second-floor units each include two bedrooms, a full bathroom, an eat-in kitchen, dining room, butler’s pantry and living room. The third-floor apartment has one bedroom, a bathroom, kitchen, dining room and living room.
A large driveway provides off-street parking. The three-unit layout includes two apartments with matching room configurations and a separate one-bedroom unit on the top floor.
A large driveway provides off-street parking. The three-unit layout includes two apartments with matching room configurations and a separate one-bedroom unit on the top floor.
Key Highlights
- Three apartments in a 2,962‑square‑foot building
- Built in 1930
- Two units each have 2 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,573
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$991,460
$991.5K
Cap Rate 7%
$708,186
$708.2K
Cap Rate 9%
$550,811
$550.8K
Market Conditions
NOI Build-Up for 2,962 SF
Gross rent
$75.7K $25.56/SF
− Vacancy
−$4.9K −$1.65/SF
EGI
$70.8K $23.91/SF
− OpEx
−$21.2K −$7.17/SF
NOI
$49.6K $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 Rate 5%
$991,460
Cap Rate 7%
$708,186
Cap Rate 9%
$550,811
Alternative Uses
Best Use
Multifamily LT 5
$708.2K
$619.7K – $826.2K
NOI $49,573 @ 7.0% cap · market cap 8.62%
Second Best
Apartment 5plus
$650.7K
$569.4K – $759.2K
NOI $45,550 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$773.4K
$676.8K – $902.4K
NOI $54,141 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,160
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two apartments have two bedrooms each, while the upper unit contains one bedroom.
Where is this triplex located?
The property is located at 108 S Arlington Ave East Orange, NJ.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three apartments in a 2,962‑square‑foot building; Built in 1930; Two units each have 2 bedrooms and 1 full bath
