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22-Building Apartment Portfolio
For Sale
Contact for pricing
Pending

249 S Arlington Ave, East Orange, NJ 07018

Multifamily portfolio with renovated units, varied layouts, parking, and access to NJ Transit rail stations and major highways.

Property SizeContact for details
Days on Market133

Property Features for 249 S Arlington Ave

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Hudson Atlantic Realty
Listed By: Adam Zweibel · License #1326852
Source: Crexi
Added: Apr 24 Changed: Aug 29 Last Checked: Aug 29 at 8:50PM

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 Hudson Atlantic Realty

Investment Insights

Based on property information with market context.

This multifamily portfolio includes 22 apartment buildings totaling 647 units in East Orange and Irvington, New Jersey. The properties have been owned and professionally managed for over 40 years, with extensive upgrades completed across the portfolio. Many apartments have been gut-renovated, and layouts range from studios through four-bedroom residences, with one- and two-bedroom units representing the largest portion of the mix.

Operational features include tenant-paid utilities in half of the portfolio and 382 parking spaces across the properties. The assets are positioned near NJ Transit rail stations, major highways, and regional employment centers. Both municipalities are designated Urban Enterprise Zones, a status associated with tax incentives and ongoing public and private investment. The portfolio provides broad multifamily scale across two densely populated Essex County municipalities.

Key Highlights

  • 22 multifamily buildings containing 647 units across East Orange and Irvington, NJ
  • Unit mix ranges from studios to four‑bedroom apartments, concentrated in one- and two‑bedroom layouts
  • Many units have undergone gut renovations, with extensive upgrades across the portfolio

Property Analytics

Current Use

Laferrara Properties Real Estate Agency

Suggested Use

Top Pick Carpet & Flooring Store Veterinary Clinic (Bike/Boat/Book/etc) Store Butcher Storage Facility Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,809
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily portfolio with renovated units, varied layouts, parking, and access to NJ Transit rail stations and major highways.
Where is this apartment building located?
The property is located at 249 S Arlington Ave East Orange, NJ.
What are key features of this property?
This property features: 22 multifamily buildings containing 647 units across East Orange and Irvington, NJ; Unit mix ranges from studios to four‑bedroom apartments, concentrated in one- and two‑bedroom layouts; Many units have undergone gut renovations, with extensive upgrades across the portfolio
More about this property
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