Healthcare Facility in East
146 S Munn Ave East Orange, NJ 07018
For Sale
$995,000
Pending
Licensed residential healthcare facility with redevelopment potential in Essex County.
Property Size5,476 SF
Lot Size0.44 Acres
Days on Market148
Property Features for 146 S Munn Ave
General Information
Standard status
Pending
Size
5,476 SF
Lot size
0.44 Acres
Property subtype
Commercial
Building Details
Year Built
1912
Listing Agency:
KELLER WILLIAMS - NJ METRO GROUP
(973) 783-7400
Listed By:
CHERYL DARMANIN · License #111786,NEWJERSEY
Source:
Corcoran
Added: Mar 3
Changed: Jul 6
Last Checked: Jul 23 at 9:36AM
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 licensed residential healthcare facility is located in the R-4 Multifamily District of East Orange. The 5,476 square foot building is situated on approximately 0.41 acres. It is currently licensed for 33 to 34 residents and houses 23 occupants under annual agreements. The property includes a commercial kitchen, dining area, administrative office space, community bathrooms, an exterior fire escape, and on-site parking. The structure has a long-standing operational history with established occupancy. Zoned for multifamily use, it presents potential adaptive reuse or redevelopment opportunities, subject to municipal approvals and due diligence. The property is conveniently located in a densely populated Essex County neighborhood with access to public transportation and surrounding residential density. The intended use of the property is as a residential healthcare facility.
Key Highlights
- Licensed residential healthcare facility with established occupancy and operational history.
- Zoned for multifamily use, offering potential for adaptive reuse or redevelopment.
- Substantial 5,476 SF building on a 0.41‑acre lot.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
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.
| 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 Uses
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Sterling Manor Home — 146 S Munn Ave, East Orange, NJ 07018
- Group Home Mastery — 511 S Orange Ave Suite 519, Newark, NJ 07103
- Happy Days Adult Health Care — 67 S Munn Ave, East Orange, NJ 07018
- Chestnut Manor — 97 Chestnut St, East Orange, NJ 07018
- Harrison Arms — 287 S Harrison St, East Orange, NJ 07018
Frequently Asked Questions
What type of property is this?
Assisted living facility - Licensed residential healthcare facility with redevelopment potential in Essex County.
Where is this assisted living facility 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: Licensed residential healthcare facility with established occupancy and operational history.; Zoned for multifamily use, offering potential for adaptive reuse or redevelopment.; Substantial 5,476 SF building on a 0.41‑acre lot.
