Three-Family Triplex with
For Sale
$749,000
Pending
165 South Clinton Street, East Orange, NJ 07018
2005-built multifamily property with flexible occupancy, gated parking, and separately metered utilities.
Property Size4,086 SF
Days on Market167
Property Features for 165 South Clinton Street
General Information
Standard status
Pending
Size
4,086 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Amenities
5.0
13
No
Wood
7
5
Stone
Building Details
Year Built
2005
Tenancy
Multi
Listing Agency:
WEICHERT REALTORS CORP HQ
(973) 747-5999
Listed By:
Carlos Tam · License #306945
(973) 747-5999
Source:
Compass
Added: Mar 18
Changed: Aug 30
Last Checked: Aug 30 at 5:30PM
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 WEICHERT REALTORS CORP HQ
Investment Insights
Based on property information with market context.
This 4,086-square-foot triplex was constructed in 2005 and contains three residential units. The property combines a light brick exterior with a built-in garage, gated driveway, multiple off-street parking spaces, and separate utilities. Current occupancy includes an owner-occupied unit and additional apartments leased on month-to-month terms.
The property is located at 165 South Clinton Street in East Orange, approximately a 10-minute walk from East Orange Station. The station provides direct service to New York Penn Station. Shopping, parks, and major highways are also nearby, supporting access for residents commuting throughout the region.
The property is located at 165 South Clinton Street in East Orange, approximately a 10-minute walk from East Orange Station. The station provides direct service to New York Penn Station. Shopping, parks, and major highways are also nearby, supporting access for residents commuting throughout the region.
Key Highlights
- Three‑family property totaling 4,086 square feet
- Built in 2005 with light brick exterior
- Owner‑occupied unit plus additional month‑to‑month tenancies
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
$68,384
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
9.13%
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%
$1,367,680
$1.4M
Cap Rate 7%
$976,914
$976.9K
Cap Rate 9%
$759,822
$759.8K
Market Conditions
NOI Build-Up for 4,086 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
$104.4K $25.56/SF
− Vacancy
−$6.7K −$1.65/SF
EGI
$97.7K $23.91/SF
− OpEx
−$29.3K −$7.17/SF
NOI
$68.4K $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%
$1,367,680
Cap Rate 7%
$976,914
Cap Rate 9%
$759,822
Alternative Uses
Best Use
Multifamily LT 5
$976.9K
$854.8K – $1.14M
NOI $68,384 @ 7.0% cap · market cap 9.13%
Second Best
Apartment 5plus
$897.6K
$785.4K – $1.05M
NOI $62,835 @ 7.0% cap · market cap 8.39%
Theoretical Best
Office A
$1.07M
$933.6K – $1.24M
NOI $74,686 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,632
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - 2005-built multifamily property with flexible occupancy, gated parking, and separately metered utilities.
Where is this triplex located?
The property is located at 165 South Clinton Street East Orange, NJ.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Three‑family property totaling 4,086 square feet; Built in 2005 with light brick exterior; Owner‑occupied unit plus additional month‑to‑month tenancies
