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Two-Family Income Duplex
For Sale
$510,000
Pending

126 Chestnut Street, East Orange, NJ 07018

Two separate units with off-street parking, a private backyard, and an unfinished basement with an existing bathroom.

Property SizeContact for details
Days on Market130

Property Features for 126 Chestnut Street

General Information

Standard status Pending
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $10,692

Amenities

6
2
2.1
1
12
3
See Remarks

Building Details

Year Built 1920
Listing Agency: KELLER WILLIAMS - NJ METRO GROUP
Listed By: KEVIN SEAN COLLYMORE · License #305753
Source: Compass
Added: Apr 27 Changed: Aug 7 Last Checked: Aug 3 at 11:02AM

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 KELLER WILLIAMS - NJ METRO GROUP

Investment Insights

Based on property information with market context.

This two-family duplex offers two independently served units and an unfinished full basement with an existing bathroom. The first-floor unit has 2 bedrooms and 1 full bath, with hardwood flooring, and offers flexibility to convert into a 3-bedroom layout. The second unit spans the 2nd and 3rd floors and is currently configured with 4 bedrooms and 1 bath, plus an office, with the ability to expand to a potential 5-bedroom layout.

The property includes a private backyard and an extended driveway for off-street parking. It is described as conveniently located near transportation, shopping, and schools.

Separate utilities are provided for convenience for both owner-occupants and investors, supporting independent operation of each unit.

Key Highlights

  • Two‑family property with 2 units and separate utilities
  • 1st‑floor unit: 2 bedrooms, 1 full bath, hardwood floors, with flexibility to convert to a 3‑bedroom layout
  • 2nd/3rd‑floor unit currently has 4 bedrooms, 1 bath, and 1 office, with potential to expand to 5 bedrooms

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Veterinary Clinic Butcher Real Estate Agency Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,469
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two separate units with off-street parking, a private backyard, and an unfinished basement with an existing bathroom.
Where is this duplex located?
The property is located at 126 Chestnut Street East Orange, NJ.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Two‑family property with 2 units and separate utilities; 1st‑floor unit: 2 bedrooms, 1 full bath, hardwood floors, with flexibility to convert to a 3‑bedroom layout; 2nd/3rd‑floor unit currently has 4 bedrooms, 1 bath, and 1 office, with potential to expand to 5 bedrooms
More about this property
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