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    341 N Grove St East Orange, NJ 07017

    For Sale
    $775,000

    Income-producing three-family home with a detached three-car garage.

    Lot size:
    0.10 Acres

    Property Features for 341 N Grove St

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1940

    Source: NEXTMOVZ REALTY LLC Agent MARLO CRAWLEY

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Three-Family Home with Garage

    This is a three-family residential property featuring three bedrooms with a living room in each unit. The units have been updated and modernized. The property includes a backyard and a detached three-car garage, which could potentially be used for rental income. The third floor is currently occupied by a tenant. The first and second floor units will be delivered vacant at closing. The property is intended for rental income or owner occupancy.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    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
    -74.2014909
    Latitude
    40.7670473

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    FAQs

    What type of property is this?
    Multifamily property - Income-producing three-family home with a detached three-car garage.
    Where is this multifamily property located?
    The property is located at 341 N Grove St East Orange, NJ.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: - Income-producing 3-family property; - Updated and modernized units; - Detached 3-car garage (potential rental income)
    (973) 432-7288
    Request Owner's contact information
    341 N Grove St East Orange, NJ 07017
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    East Orange, NJ 07017
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    Realmo Value Estimation

    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.

    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.

    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
    341 N Grove St East Orange, NJ 07017
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