Renovated Two-Family
For Sale
Contact for pricing
116 N 19TH ST, East Orange, NJ 07017
Renovated two-family home in East Orange, ideal for homeowners/investors.
Property Size2,058 SF
Price / SF$279.40
Days on Market153
Property Features for 116 N 19TH ST
General Information
Standard status
Active
Size
2,058 SF
Class
B
Property subtype
Multifamily
Zoning
Residential
Building Details
Year Built
1900
Stories
2
Units
2
Tenancy
Single
Listing Agency:
EXP Realty
Listed By:
Carlie Carreira · License #0454535
(866) 201-6210
Source:
Crexi
Added: May 7
Changed: Sep 12
Last Checked: Oct 5 at 6:18PM
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 EXP Realty
Investment Insights
Based on property information with market context.
This renovated two-family home is located on a quiet block in East Orange. The property blends modern updates with classic charm, presenting an opportunity for both homeowners and investors. Its location provides access to public transportation and major highways, facilitating commutes to NYC and surrounding areas. The neighborhood features parks, schools, shopping, and local dining options. The property is suitable for owner-occupancy with rental income potential or as an income-producing asset. The location is bikeable and walkable, with good public transportation options.
Key Highlights
- Renovated two‑family home, ideal for homeowners or investors.
- Excellent location with convenient access to public transportation, major highways, and NYC.
- Potential for rental income to offset mortgage costs.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,443
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,860
$688.9K
Cap Rate 7%
$492,043
$492.0K
Cap Rate 9%
$382,700
$382.7K
Market Conditions
NOI Build-Up for 2,058 SF
Gross rent
$52.6K $25.56/SF
− Vacancy
−$3.4K −$1.65/SF
EGI
$49.2K $23.91/SF
− OpEx
−$14.8K −$7.17/SF
NOI
$34.4K $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%
$688,860
Cap Rate 7%
$492,043
Cap Rate 9%
$382,700
Alternative Uses
Best Use
Multifamily LT 5
$492.0K
$430.5K – $574.1K
NOI $34,443 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$452.1K
$395.6K – $527.5K
NOI $31,648 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$537.4K
$470.2K – $627.0K
NOI $37,617 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,063
Businesses Nearby
Explore this area
Business Placement
Demographics for 07017, NJ
39,054
Population
16,770
Households
2.3
Avg Household Size
37
Median Age
22%
College-Educated
88%
High-School Grad
2.3 sq mi
ZIP Area
16,980
Density / Sq Mi
$61,552
Median Household Income
$39,847
Median Earnings
$1,346
Median Rent
$316,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-family home in East Orange, ideal for homeowners/investors.
Where is this duplex located?
The property is located at 116 N 19TH ST 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: Renovated two‑family home, ideal for homeowners or investors.; Excellent location with convenient access to public transportation, major highways, and NYC.; Potential for rental income to offset mortgage costs.
