2-Unit Duplex with Finished
New
For Sale
$524,999
144 Steuben St, East Orange, NJ 07018
Both apartments have in-unit washer and dryer capability, with a separate walkout entrance from the finished lower level.
Property Size2,282 SF
Price / SF$230.06
Days on Market3
Property Features for 144 Steuben St
General Information
Standard status
Active
Size
2,282 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1.5BA, 1 x 4BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,289
Amenities
in-unit washer/dryer
Natural Gas
Finished, Full, Walk-Out Access
On Street
2-Two Story
Building Details
Building Size
2,282 SF
Year Built
1910
Buildings
1
Stories
2
Listing Agency:
Keller Williams Realty Village Square
Listed By:
LEONARDO TATIS · License #2294805
(201) 906-4570
Source:
Evrealestate
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 20 at 7:52PM
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 Realty Village Square
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Investment Insights
Based on property information with market context.
This legal two-family property contains two apartments with distinct bedroom and bath layouts. The first-floor residence has 2 bedrooms and 1.5 bathrooms. Above it, the second apartment occupies two levels and includes 4 bedrooms and 2 full bathrooms, including a primary suite with a private bath. Each apartment has in-unit washer and dryer capability. A finished basement provides 2 additional bedrooms, a full bathroom, and a separate walkout entrance; it is described as a bonus level. The home was built in 1910 and is being sold as-is.
The property is in East Orange’s Greenwood section, near Central Avenue retail, grocery stores, restaurants, places of worship, parks, and NJ Transit service. The remarks also note access to Newark, major highways, and New York City.
The property is in East Orange’s Greenwood section, near Central Avenue retail, grocery stores, restaurants, places of worship, parks, and NJ Transit service. The remarks also note access to Newark, major highways, and New York City.
Key Highlights
- Legal two‑family property with two apartments
- First‑floor apartment has 2 bedrooms and 1.5 bathrooms
- Two‑level upper apartment includes 4 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,192
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$763,840
$763.8K
Cap Rate 7%
$545,600
$545.6K
Cap Rate 9%
$424,356
$424.4K
Market Conditions
NOI Build-Up for 2,282 SF
Gross rent
$58.3K $25.56/SF
− Vacancy
−$3.8K −$1.65/SF
EGI
$54.6K $23.91/SF
− OpEx
−$16.4K −$7.17/SF
NOI
$38.2K $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%
$763,840
Cap Rate 7%
$545,600
Cap Rate 9%
$424,356
Alternative Uses
Best Use
Multifamily LT 5
$545.6K
$477.4K – $636.5K
NOI $38,192 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$501.3K
$438.7K – $584.9K
NOI $35,093 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$595.9K
$521.4K – $695.2K
NOI $41,711 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,190
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments have in-unit washer and dryer capability, with a separate walkout entrance from the finished lower level.
Where is this duplex located?
The property is located at 144 Steuben St East Orange, NJ.
What is the asking price?
The asking price for this property is $524,999.
What are key features of this property?
This property features: Legal two‑family property with two apartments; First‑floor apartment has 2 bedrooms and 1.5 bathrooms; Two‑level upper apartment includes 4 bedrooms and 2 full bathrooms
