Three-Unit Triplex with
For Sale
$825,000
Pending
202 Sanford St, East Orange, NJ 07018
Multi-Family, 3-Three Story, East Orange City, NJ
Property Size4,548 SF
Lot Size0.15 Acres
Days on Market58
Property Features for 202 Sanford St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 7, Bedroom 5, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 6, Basement, Bedroom 8, Bedroom 4
Parking
7
Directions
Enter into GPS- 202 Sanford St, East Orange, NJ 07018
Standard status
Pending
Size
4,548 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13596
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard
Water source
Public
Building Details
Year built
1925
Floors in Building
3
Number of units
3
Roof type
Shingle
Architectural style
Other
Listing Agency:
EXP REALTY, LLC
(866) 201-6210
Listed By:
ETHAN GORELICK
(866) 201-6210
Added: Jul 5
Changed: Aug 29
Last Checked: Aug 31 at 1:06AM
MLS# 4038513
Copyright © 2026 Garden State MLS, LLC. 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.
This 4,548-square-foot triplex contains three residential units with a mix of two three-bedroom layouts and one two-bedroom layout. Each unit includes a kitchen, living room, bathroom, closet space, and storage. A finished basement adds usable interior area, while separate boilers, hot water heaters, and electrical panels support independent utility management. The property was built in 1925 and sits on a 0.15-acre lot with public water and public sewer service. Heating includes hot water and baseboard systems, and the roof is shingle.
A detached 3-car garage provides off-street parking for the residents. The property at 202 Sanford St in East Orange City offers access to the Garden State Parkway and Route 280. NJ Transit rail service is approximately 5 minutes away, while Newark Penn Station is less than 20 minutes from the property. Shopping, dining, and everyday conveniences are nearby.
A detached 3-car garage provides off-street parking for the residents. The property at 202 Sanford St in East Orange City offers access to the Garden State Parkway and Route 280. NJ Transit rail service is approximately 5 minutes away, while Newark Penn Station is less than 20 minutes from the property. Shopping, dining, and everyday conveniences are nearby.
Key Highlights
- Three residential units: two 3‑bedroom units and one 2‑bedroom unit
- 4,548 square feet on a 0.15‑acre lot
- Finished basement adds additional interior space
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Finished basement, separate utility infrastructure, and detached garage provide additional space and 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 residential units: two 3‑bedroom units and one 2‑bedroom unit; 4,548 square feet on a 0.15‑acre lot; Finished basement adds additional interior space
