East Orange Redevelopment
146 S Munn Ave, East Orange, NJ 07018
Commercial - East Orange City, NJ
Property size:
5,476 SFLot size:
0.44 AcresPrice / SF:
$181/SF- Added:
- Mar 3, 2026
- Days on Market:
- 80
- Last Refresh:
- May 22 at 6:06 am
Property Features for 146 S Munn Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R-4
- Rooms
- Basement
- Parking features
- Driveway
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 5,476 SF
- Lot size
- 0.44 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 34685
Utilities
- Heating system
- Hot Water (Heating), Other (Heating)
Building Details
- Year built
- 1912
- Floors in Building
- 3
- Number of units
- 1
- Flooring type
- Linoleum, Tile, Vinyl
- Building materials
- Block, Brick
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent CHERYL DARMANIN (973) 783-7400
Listing office KELLER WILLIAMS - NJ METRO GROUP 237 LORRAINE AVE, Montclair, NJ (973) 783-7400
Listing date Mar 3, 2026
MLS# 4012324
Listing URL
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.
HighLights
- Redevelopment opportunity in East Orange's R‑4 Multifamily District
- Large lot size of approximately 0.41 acres
- Potential for multifamily, affordable, supportive, or senior housing
- Located in a growing, transit‑accessible area with residential investment
- Existing 5,476 SF structure allows for interim occupancy or continued use
- Convenient location near transportation, public transit, and retail
Overview
Located at 146 S. Munn Avenue in East Orange City, NJ, this property presents a residential redevelopment opportunity within the R-4 Multifamily District. The site, approximately 0.41 acres (0.44 acres according to another source), offers potential for multifamily, affordable housing, supportive housing, senior housing, or other residential-oriented redevelopment opportunities, subject to municipal approvals and buyer due diligence. The primary value lies in the underlying land and redevelopment potential within a growing, transit-accessible Essex County submarket experiencing continued residential investment activity. The existing structure, approximately 5,476 square feet, provides additional flexibility and may support interim occupancy or continued use with updates and capital improvements. The property may appeal to developers, affordable housing organizations, healthcare-related users, or value-add investors seeking a site with both current utility and long-term redevelopment potential. Conveniently located near major transportation routes, public transit, retail amenities, and surrounding residential neighborhoods, the property is positioned within an area seeing ongoing multifamily and community development activity.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$935.7K
NOI $84,210 @ 9.00% cap · cautious / downside scenario
Moderate
$1.20M
NOI $84,210 @ 7.00% cap · market / base-case scenario
Aggressive
$1.68M
NOI $84,210 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $164.3k | $30.00 |
| − Vacancy | −$11.2k | −$2.04 |
| EGI | $153.1k | $27.96 |
| − OpEx | −$68.9k | −$12.58 |
| NOI | $84.2k | $15.38 |
5,476 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,210 @ 7.0% cap · market cap 8.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,093 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Sterling Manor Home
Nursing Home
Location Insight
- Map
- Local Demand
- City
- East Orange
- County
- Essex
- State
- New Jersey
- Longitude
- -74.21501
- Latitude
- 40.75015
Nearby Similar for Sale
FAQs
What type of property is this?
Residential land & home lot - Residential redevelopment opportunity in East Orange's R-4 Multifamily District.
Where is this residential land & home lot located?
The property is located at 146 S Munn Ave East Orange, NJ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Redevelopment opportunity in East Orange's R‑4 Multifamily District; Large lot size of approximately 0.41 acres; Potential for multifamily, affordable, supportive, or senior housing
