Turnkey Two-Family
18 Girard Avenue East Orange, NJ 07017
For Sale
$649,000
Fully occupied two-family home with recent major renovations and strong existing tenants, offered for sale.
Property Size1,500 SF
Price / SF$432.67
Days on Market67
Property Features for 18 Girard Avenue
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Multi Family / 1-One Story
Building Details
- Year Built
- 1900
Listing Agency:
NATIONWIDE HOMES REALTY LLC
(203) 482-0102
Listed By:
ISAAC DEUTSCH · License #308018
(203) 482-0102
Source:
Compass
Added: May 19
Changed: Jul 23
Last Checked: Jul 23 at 2:39AM
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 NATIONWIDE HOMES REALTY LLC
Investment Insights
Based on property information with market context.
This fully occupied two-family residence is well maintained throughout and has undergone major renovations within the last five years. The property is presented as a turnkey investment, with strong existing tenants currently in place.
Located at 18 Girard Avenue in East Orange, New Jersey, the home offers an income-producing setup with rental revenue from both units. For buyers seeking owner occupancy later, the configuration also supports an end-user option to occupy one unit while continuing to collect rental income from the other.
Overall, this is a renovated, income-producing duplex-style property offered for sale with tenants in place.
Located at 18 Girard Avenue in East Orange, New Jersey, the home offers an income-producing setup with rental revenue from both units. For buyers seeking owner occupancy later, the configuration also supports an end-user option to occupy one unit while continuing to collect rental income from the other.
Overall, this is a renovated, income-producing duplex-style property offered for sale with tenants in place.
Key Highlights
- Fully occupied 2‑family home in East Orange with strong existing tenants
- Major renovations completed within the last 5 years
- Basement with unfinished layout
Financial Insights For Multifamily LT 5
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 | $38.3k | $25.56 |
| − Vacancy | −$2.5k | −$1.65 |
| EGI | $35.9k | $23.91 |
| − OpEx | −$10.8k | −$7.17 |
| NOI | $25.1k | $16.74 |
1,500 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$358.6K
$313.8K – $418.4K
NOI $25,104 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$329.5K
$288.3K – $384.5K
NOI $23,067 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$391.7K
$342.7K – $457.0K
NOI $27,418 @ 7.0% cap · market cap 4.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully occupied two-family home with recent major renovations and strong existing tenants, offered for sale.
Where is this duplex located?
The property is located at 18 Girard Avenue East Orange, NJ.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Fully occupied 2‑family home in East Orange with strong existing tenants; Major renovations completed within the last 5 years; Basement with unfinished layout
