Renovated Triplex with
For Sale
$699,000
18 Winfield St, West Orange, NJ 07052
Three-family property with separate boilers, off-street parking, and a detached garage.
Property Size2,832 SF
Price / SF$246.82
Days on Market56
Property Features for 18 Winfield St
General Information
Standard status
Active
Size
2,832 SF
Total Parking Spaces
7
Property subtype
Multi-Family
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 2 x 1BR
Multifamily Units
3
Building Details
Year Built
1920
Buildings
1
Listing Agency:
REAL
Listed By:
MICHAEL WILCHES
(855) 450-0442
Source:
Luminancerealty
Added: Aug 19
Changed: Sep 12
Last Checked: Oct 5 at 8:21PM
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 REAL
Investment Insights
Based on property information with market context.
This 1920 triplex at 18 Winfield St includes three distinct residential units, with a mix of one- and two-bedroom layouts. The two-bedroom unit has a renovated kitchen, updated finishes, and a refreshed full bathroom, while the third unit has also undergone kitchen and bath renovations. The second unit is occupied on a month-to-month basis. Building systems include three separate boilers, and the unfinished basement provides additional storage.
Exterior features include a driveway accommodating up to 5 cars, a detached 2-car garage, and access to street parking. A bus stop is located directly across the street, with Eagle Rock Reservation nearby. The property is also positioned near parks, shopping, dining, and NYC transportation, with Montclair’s Bloomfield Avenue approximately 4 minutes away. Walk Score is 76 and bikeScore is 47.
Exterior features include a driveway accommodating up to 5 cars, a detached 2-car garage, and access to street parking. A bus stop is located directly across the street, with Eagle Rock Reservation nearby. The property is also positioned near parks, shopping, dining, and NYC transportation, with Montclair’s Bloomfield Avenue approximately 4 minutes away. Walk Score is 76 and bikeScore is 47.
Key Highlights
- Three‑family property built in 1920 with one 2‑bedroom unit and two 1‑bedroom units
- Unit 1 delivered vacant with renovated kitchen and bathroom
- Unit 3 features renovated kitchen and bathroom finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,397
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$947,940
$947.9K
Cap Rate 7%
$677,100
$677.1K
Cap Rate 9%
$526,633
$526.6K
Market Conditions
NOI Build-Up for 2,832 SF
Gross rent
$72.4K $25.56/SF
− Vacancy
−$4.7K −$1.65/SF
EGI
$67.7K $23.91/SF
− OpEx
−$20.3K −$7.17/SF
NOI
$47.4K $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 Rate 5%
$947,940
Cap Rate 7%
$677,100
Cap Rate 9%
$526,633
Alternative Uses
Best Use
Multifamily LT 5
$677.1K
$592.5K – $790.0K
NOI $47,397 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$622.1K
$544.4K – $725.8K
NOI $43,550 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$739.5K
$647.1K – $862.7K
NOI $51,764 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
Explore this area
Business Placement
Demographics for 07052, NJ
48,867
Population
18,300
Households
2.7
Avg Household Size
42
Median Age
53%
College-Educated
92%
High-School Grad
12.0 sq mi
ZIP Area
4,072
Density / Sq Mi
$131,456
Median Household Income
$63,458
Median Earnings
$1,791
Median Rent
$527,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-family property with separate boilers, off-street parking, and a detached garage.
Where is this triplex located?
The property is located at 18 Winfield St West Orange, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three‑family property built in 1920 with one 2‑bedroom unit and two 1‑bedroom units; Unit 1 delivered vacant with renovated kitchen and bathroom; Unit 3 features renovated kitchen and bathroom finishes
