Quadplex Investment
184 North Walnut Street East Orange, NJ 07017
For Sale
$1,175,000
Four-unit residential income property available for sale in East Orange.
Property Size5,048 SF
Price / SF$232.77
Days on Market370
Property Features for 184 North Walnut Street
General Information
- Standard status
- Active
- Size
- 5,048 SF
- Property subtype
- Multi-Family / Four Family
Listing Agency:
Weichert Realtors, Westfield
(646) 773-0196
Listed By:
Steve M. Schaefer
(646) 773-0196
Source:
Compass
Added: Jul 19, 2025
Changed: Jul 22
Last Checked: Jul 23 at 11:19AM
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, Westfield
Investment Insights
Based on property information with market context.
This quadplex is being offered for sale as a residential income property. The asset consists of four units within a single multifamily structure, positioned for investors seeking an owner-occupied or income-focused holding.
The property is located at 184 North Walnut Street in East Orange, New Jersey (07017).
The property is located at 184 North Walnut Street in East Orange, New Jersey (07017).
Key Highlights
- Four‑unit residential income property available for sale in East Orange
- 3 levels
- 8 bedrooms total
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 |
5,048 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.41M
NOI $84,484 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$1.11M
$970.4K – $1.29M
NOI $77,628 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,269 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-unit residential income property available for sale in East Orange.
Where is this quadplex located?
The property is located at 184 North Walnut Street East Orange, NJ.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Four‑unit residential income property available for sale in East Orange; 3 levels; 8 bedrooms total
