184 N Walnut Street East Orange, NJ 07017
MULTI_FAMILY - East Orange, NJ
Property Features for 184 N Walnut Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 6, Bedroom 5, Bedroom 7, Bathroom 1, Bedroom 4, Basement, Bathroom 3, Bedroom 8
- Parking
- 8
- Basement
- Partial
- Standard status
- Pending
- APN
- 05 00361-0000-00010
- Size
- 5,048 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 16390
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Multi Units
- Water source
- Public
Building Details
- Floors in Building
- 2
- Number of units
- 4
Listing agent Steven Schaefer (732) 289-3900
Listing office American Homes Group 2005 Belmore Street Unit C, Oakhurst, NJ (732) 289-3900
Listing date Jul 23, 2025
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The listing presents the asset as also suitable for buyers looking for a turn-key, income-producing approach from day one. Additional context provided is that the home is located within a community with convenient access to local amenities and transportation.
Please review offering details for unit configuration and any development constraints or approvals related to the rezoning area referenced in the marketing materials.
Key Highlights
- Multifamily home with forced air heating and public water/public sewer service.
- 8 parking spots, providing off‑street parking for residents and guests.
- Layout includes 8 bedrooms and 4 bathrooms plus a basement.
Local 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 | $129.0k | $25.56 |
| − Vacancy | −$8.3k | −$1.65 |
| EGI | $120.7k | $23.91 |
| − OpEx | −$36.2k | −$7.17 |
| NOI | $84.5k | $16.74 |
