129 N Walnut St East Orange, NJ 07017

Listing agency Marcus & Millichap - New Jersey c***@marcusmillichap.com Show Phone

Listed by Chez Eider · License #License(s): NJ: 1863116 Show Phone

Source Marcusmillichap

Added: Apr 3 Updated: Jul 10 at 1:16PM Checked: Jul 22 at 2:11AM

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Investment Insights

Based on property information with market context.

Walnut Garden is a four-story brick apartment building containing 41 units, located on Walnut Street in East Orange, New Jersey. This multifamily asset offers investors a stabilized, cash-flowing property with potential for increased income through operational improvements and rent adjustments. The property maintains consistently high occupancy with predictable annual turnover, providing stable in-place income and opportunities for periodic rent resets upon re-leasing. The building features separately metered utilities and pre-war construction. Situated less than half a mile from both the East Orange and Brick Church NJ Transit stations, the property provides convenient access to Newark and Manhattan. It is located within a rapidly improving, transit-oriented area. With nearby large-scale redevelopment and below-market in-place rents, Walnut Garden presents an opportunity to acquire scale, stability, and long-term growth in a supply-constrained Northern New Jersey submarket.

Key Highlights

• Stabilized, cash‑flowing multifamily asset with upside through operational efficiencies and rent repositioning.
• High occupancy provides stable in‑place income.
• Located less than half a mile from East Orange and Brick Church NJ Transit stations, providing direct access to Newark and Manhattan.

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FAQs

What type of property is this?

Apartment building - 41-unit apartment building in East Orange, near transit.

Where is this apartment building located?

The property is located at 129 N Walnut St East Orange, NJ.

What is the asking price?

The asking price for this property is $5,174,000.

What are key features of this property?

This property features: Stabilized, cash‑flowing multifamily asset with upside through operational efficiencies and rent repositioning.; High occupancy provides stable in‑place income.; Located less than half a mile from East Orange and Brick Church NJ Transit stations, providing direct access to Newark and Manhattan.