Triplex with 3-Car
For Sale
$825,000
202 Sanford St, East Orange, NJ 07018
Three-unit property with private building systems, additional basement space, and dedicated off-street parking.
Property Size4,548 SF
Days on Market58
Property Features for 202 Sanford St
General Information
Standard status
Active
Size
4,548 SF
Total Parking Spaces
7
Property subtype
Multi Family Home
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR, 1 x 2BR
Multifamily Units
3
Building Details
Building Size
4,548 SF
Year Built
1925
Units
3
Listing Agency:
Exp Realty, LLC
(732) 827-5344
Listed By:
Ethan Gorelick
(732) 827-5344
Source:
Betterhomerealestate
Added: Jul 5
Changed: Aug 30
Last Checked: Aug 30 at 7:58PM
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 Exp Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1925, this three-unit property includes two three-bedroom residences and one two-bedroom residence. Each unit has a bathroom, kitchen, living room, generous closet capacity, and storage space. Finished basement area adds usable space, while separate boilers, hot water heaters, and electrical panels support independent utility management for each residence.
A detached 3-car garage provides off-street parking for the occupants. The property is located at 202 Sanford St in East Orange City, New Jersey, with access to the Garden State Parkway and Route 280. NJ Transit rail service is 5 minutes away, and Newark Penn Station is less than 20 minutes from the property, with connections to New York City and beyond. Shopping, dining, and daily conveniences are nearby.
A detached 3-car garage provides off-street parking for the occupants. The property is located at 202 Sanford St in East Orange City, New Jersey, with access to the Garden State Parkway and Route 280. NJ Transit rail service is 5 minutes away, and Newark Penn Station is less than 20 minutes from the property, with connections to New York City and beyond. Shopping, dining, and daily conveniences are nearby.
Key Highlights
- Three total units: two with 3 bedrooms and one with 2 bedrooms
- Separate boiler, hot water heater, and electrical panel for each unit
- Finished basement adds additional square footage
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
$69,939
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
8.48%
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%
$1,398,780
$1.4M
Cap Rate 7%
$999,129
$999.1K
Cap Rate 9%
$777,100
$777.1K
Market Conditions
NOI Build-Up for 4,548 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
$136.4K $30.00/SF
− Vacancy
−$9.3K −$2.04/SF
EGI
$127.2K $27.96/SF
− OpEx
−$57.2K −$12.58/SF
NOI
$69.9K $15.38/SF
Area
Essex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,398,780
Cap Rate 7%
$999,129
Cap Rate 9%
$777,100
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$951.5K – $1.27M
NOI $76,116 @ 7.0% cap · market cap 9.23%
Second Best
Apartment 5plus
$999.1K
$874.2K – $1.17M
NOI $69,939 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,130 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,803
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 - Three-unit property with private building systems, additional basement space, and dedicated off-street parking.
Where is this triplex located?
The property is located at 202 Sanford St East Orange, NJ.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Three total units: two with 3 bedrooms and one with 2 bedrooms; Separate boiler, hot water heater, and electrical panel for each unit; Finished basement adds additional square footage
