Renovated First-Floor
217 Eppirt St, East Orange, NJ 07018
For Sale
New
Contact for pricing
The apartment includes three bedrooms, an updated kitchen and bath, and laundry and parking for private use.
Property Size1,200 SF
Price / SF$2.33
Days on Market2
Property Features for 217 Eppirt St
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
in-unit washer and dryer
Tile,Wood
First
3 Bedrooms,Bath(s) Other,Dining Room,Laundry Room,Living Room
3
In Unit
Blinds,Carbon Monoxide Detector,Fire Extinguisher,Smoke Detector
Public Water,See Remarks
56X154
0.20
Building Details
Year Built
Listing Agency:
KELLER WILLIAMS CITY VIEWS REALTY
(551) 239-8040
Listed By:
Reisha Baker
Source:
Skyrealtyintl
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 9 at 2:13PM
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 KELLER WILLIAMS CITY VIEWS REALTY
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Investment Insights
Based on property information with market context.
This 1,200-square-foot, first-floor apartment has three bedrooms, one bathroom, a living room, and a dining room. Renovations include a new kitchen with stainless steel appliances and a remodeled bathroom. The unit also has in-unit laundry and private parking.
The property is at 217 Eppirt St in East Orange, New Jersey. Public transportation, shopping, schools, parks, and major highways are described as minutes away.
The property is at 217 Eppirt St in East Orange, New Jersey. Public transportation, shopping, schools, parks, and major highways are described as minutes away.
Key Highlights
- Three‑bedroom, one‑bath apartment with 1,200 square feet of interior space
- First‑floor unit with in‑unit washer and dryer
- Renovated kitchen with new stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,454
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,080
$369.1K
Cap Rate 7%
$263,629
$263.6K
Cap Rate 9%
$205,044
$205.0K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$36.0K $30.00/SF
− Vacancy
−$2.4K −$2.04/SF
EGI
$33.6K $27.96/SF
− OpEx
−$15.1K −$12.58/SF
NOI
$18.5K $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 Rate 5%
$369,080
Cap Rate 7%
$263,629
Cap Rate 9%
$205,044
Alternative Uses
Best Use
Apartment 5plus
$263.6K
$230.7K – $307.6K
NOI $18,454 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$313.3K
$274.2K – $365.6K
NOI $21,934 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,526
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
$314,100
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in East Orange, NJ
Properties on Market for Residential income properties in East Orange
Frequently Asked Questions
What type of property is this?
Residential income property - The apartment includes three bedrooms, an updated kitchen and bath, and laundry and parking for private use.
Where is this residential income property located?
The property is located at 217 Eppirt St East Orange, NJ.
What are key features of this property?
This property features: Three‑bedroom, one‑bath apartment with 1,200 square feet of interior space; First‑floor unit with in‑unit washer and dryer; Renovated kitchen with new stainless steel appliances
