Four-Unit Residential Income
222 William St East Orange, NJ 07017
222 William St, East Orange, NJ, 07017
$949,900
For Sale
$949,900
MULTI_FAMILY - East Orange City, NJ
Property Size2,956 SF
Lot Size0.30 Acres
Price / SF$321.35
Days on Market68
Property Features for 222 William St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 1, Basement, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bathroom 3
- Parking
- 6
- Patio and Porch features
- Porch
- Interior features
- Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors
- Exterior features
- Metal Fence, Open Porch(es)
- Fencing
- Fenced
- Standard status
- Active
- Size
- 2,956 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 20713
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Fiberglass
- Architectural style
- Other
Listing Agency
KELLER WILLIAMS - NJ METRO GROUP
(973) 783-7400
237 LORRAINE AVE, Montclair, NJ
Listed by
JAMES HUGHES
(973) 783-7400
Added: May 13 Checked: Jul 19 at 5:06 am
MLS# 4027309
Listing URL
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 four-unit residential income property is offered for sale as a 4-family multifamily building with an owner-occupant flexible layout. Public remarks indicate three of the four units have been updated, while one unit presents value-add potential for renovation. The property is described as being delivered vacant.
Improvements include an unfinished walk-up attic described as having potential expansion opportunities, including the possibility of incorporating the attic into an upper unit while maintaining the current four-family layout, subject to municipal approvals and buyer due diligence. The oversized lot includes eight detached garages in two separate structures, which may support additional storage and off-street parking.
Conveniently positioned in a commuter-friendly East Orange location, the property is stated to be approximately 8 minutes from the East Orange NJ Transit station with direct access to NYC Penn Station, and is noted as being near Route 280 and the Garden State Parkway, along with shopping and parks. Public remarks also mention potential future subdivision possibilities, subject to municipal approvals and due diligence.
Improvements include an unfinished walk-up attic described as having potential expansion opportunities, including the possibility of incorporating the attic into an upper unit while maintaining the current four-family layout, subject to municipal approvals and buyer due diligence. The oversized lot includes eight detached garages in two separate structures, which may support additional storage and off-street parking.
Conveniently positioned in a commuter-friendly East Orange location, the property is stated to be approximately 8 minutes from the East Orange NJ Transit station with direct access to NYC Penn Station, and is noted as being near Route 280 and the Garden State Parkway, along with shopping and parks. Public remarks also mention potential future subdivision possibilities, subject to municipal approvals and due diligence.
Key Highlights
- 4‑family multifamily property built in 1925, delivered vacant for investor or owner‑occupant plans
- 3 of 4 units have been updated; 1 unit offers value‑add potential with renovation and future rental growth
- Oversized lot includes 8 detached garages in two separate structures for parking and storage
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 | $75.6k | $25.56 |
| − Vacancy | −$4.9k | −$1.65 |
| EGI | $70.7k | $23.91 |
| − OpEx | −$21.2k | −$7.17 |
| NOI | $49.5k | $16.74 |
2,956 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$706.7K
$618.4K – $824.5K
NOI $49,472 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$649.4K
$568.2K – $757.6K
NOI $45,457 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$771.9K
$675.4K – $900.5K
NOI $54,031 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-family multifamily building offered for sale with three updated units and one unit ready for renovation.
Where is this quadplex located?
The property is located at 222 William St East Orange, NJ.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: 4‑family multifamily property built in 1925, delivered vacant for investor or owner‑occupant plans; 3 of 4 units have been updated; 1 unit offers value‑add potential with renovation and future rental growth; Oversized lot includes 8 detached garages in two separate structures for parking and storage
