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

    118 Lenox Avenue East Orange, NJ 7018

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $520,000

    Two-family property near train, renovated in 2020, income potential.

    Type:Multi Family / 2-Two Story
    Added:
    Jan 31, 2026
    Days on Market:
    77
    Last Refresh:
    Mar 13 at 2:55 pm

    Property Features for 118 Lenox Avenue

    General Information

    Standard status
    Active
    Property subtype
    Multi Family / 2-Two Story

    Building Details

    Year Built
    1925

    We can help!

    Listing Contact
    FRANCINE LAURI

    Listing agent FRANCINE LAURI License #392307

    Listing office CORCORAN SAWYER SMITH

    Listing date Jan 31, 2026

    Source Compass

    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 CORCORAN SAWYER SMITH

    Overview

    East Orange Multifamily Investment Opportunity

    This two-family property is located in East Orange on a quiet street within walking distance of the train. The property, renovated in 2020, features side-by-side units. Each unit includes 4 bedrooms and two full baths. The living space in each unit is distributed across 3 floors, with attic access. Each tenant has a private driveway. The basement level provides a walk-out to the backyard and is private for each tenant. This property presents an income-producing multifamily opportunity.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    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
    -74.2167042
    Latitude
    40.7612247

    Nearby Similar for Sale

    • $729,900

      East Orange Industrial Warehouse Opportunity

      Versatile mixed-use commercial building for investors, owner-users, or businesses.
      59 N 14Th St, East Orange City, NJ 07017-5112
      View Details
    • $800,000
      4,548 SF

      Three-Unit Multifamily Property in East Orange

      Turnkey investment property with commuter convenience and separate utilities.
      202 Sanford St, East Orange City, NJ 07018-1137
      View Details
    • $799,999

      Renovated Multi-Family Near NYC Transit

      Updated 3-unit property near NYC transit in East Orange.
      11 Carlton St, East Orange City, NJ 07017-2302
      View Details
    • $729,000

      Renovated Triplex in East Orange

      Well-maintained, renovated three-family residence with income potential.
      243 S Clinton St, East Orange City, NJ 07018-2556
      View Details
    • $920,000
      4,200 SF

      Renovated Multifamily Property, East Orange

      Renovated multifamily property with modern amenities and convenient location.
      150 N Munn Ave, East Orange City, NJ 07017-4297
      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
    • $625,000

      Renovated Duplex in East Orange

      Updated duplex with modern kitchens, ideal for investors.
      18 Mckay Ave, East Orange City, NJ 07018-1004
      View Details
    • $650,000

      East Orange Two-Family Home

      Two-family home with finished basement and four-car garage.
      89 Tremont Ave, East Orange City, NJ 07018-2386
      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
    • $399,000

      Spacious Two-Family Home in NJ

      Two-family home with 6 bedrooms, perfect for owners or investors.
      241 Halsted St, East Orange City, NJ 07018-2510
      View Details
    • $710,000
      2,996 SF

      Spacious Multifamily Property in East Orange

      Large, renovated two-family property with modern amenities and convenient location.
      130 Elmwood Avenue, East Orange, NJ 07018
      View Details
    • $599,000

      East Orange Income Property

      Income-producing duplex with value-add potential near transportation and schools.
      53 Sunnyside Terrace, East Orange, NJ 07018
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-family property near train, renovated in 2020, income potential.
    Where is this duplex located?
    The property is located at 118 Lenox Avenue East Orange, NJ.
    What is the asking price?
    The asking price for this property is $520,000.
    What are key features of this property?
    This property features: Income‑producing two‑family property; Renovated in 2020; Each unit boasts 4 bedrooms and 2 full baths
    (201) 653-8000
    We can help!
    Listing Contact
    FRANCINE LAURI
    Real Estate License ID: 392307
    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!