Duplex with Finished Walkout
For Sale
$524,999
144 Steuben St, East Orange, NJ 07018
Multi-Family, 2-Two Story, East Orange City, NJ
Property Size2,282 SF
Lot Size0.06 Acres
Price / SF$230.06
Days on Market65
Property Features for 144 Steuben St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 6, Bedroom 5, Bathroom 1, Basement, Bathroom 4, Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 2, Bedroom 1
Subdivision
Greenwood section
Directions
Please use GPS
Standard status
Active
Size
2,282 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12289
Utilities
Sewer type
Public Sewer
Heating system
Steam, Other (Heating)
Water source
Public
Amenities
in-unit washer/dryer
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
KELLER WILLIAMS VILLAGE SQUARE · Keller Williams Realty
(201) 445-4300
Listed By:
LEONARDO TATIS · License #2294805
(201) 906-4570
Added: Jul 23
Changed: Sep 23
Last Checked: Sep 25 at 12:06AM
MLS# 4042744
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This legal two-family residence, built in 1910, provides 2,282 square feet of property space across a flexible residential layout. The first-floor unit includes 2 bedrooms and 1.5 bathrooms. A second-floor unit arranged over two levels offers 4 bedrooms and 2 full bathrooms, including a primary suite with an attached full bath. Both units provide in-unit washer and dryer capability.
The finished basement adds 2 bedrooms, 1 full bathroom, and a separate walkout entrance. Public water and public sewer serve the property, which also has a shingle roof and steam heating. Located at 144 Steuben St in East Orange, the property is near Central Avenue shopping, grocery stores, restaurants, houses of worship, parks, and NJ Transit service, with access to Newark, major highways, and New York City.
The finished basement adds 2 bedrooms, 1 full bathroom, and a separate walkout entrance. Public water and public sewer serve the property, which also has a shingle roof and steam heating. Located at 144 Steuben St in East Orange, the property is near Central Avenue shopping, grocery stores, restaurants, houses of worship, parks, and NJ Transit service, with access to Newark, major highways, and New York City.
Key Highlights
- Legal 2‑family duplex at 144 Steuben St, East Orange, NJ
- Finished basement with 2 bedrooms, 1 full bathroom, and a separate walkout entrance
- First‑floor unit includes 2 bedrooms and 1.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,192
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family property with flexible living space, in-unit laundry, and access to Central Avenue shopping and NJ Transit.
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 2‑family duplex at 144 Steuben St, East Orange, NJ; Finished basement with 2 bedrooms, 1 full bathroom, and a separate walkout entrance; First‑floor unit includes 2 bedrooms and 1.5 bathrooms
