Two-Story Residential Income
250 Elmwood Ave, East Orange, NJ 07018
For Sale
New
$524,000
The building has a full basement with walk-out access and forced-air heating fueled by natural gas.
Property Size2,446 SF
Price / SF$214.23
Days on Market4
Property Features for 250 Elmwood Ave
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Forced Air, Natural Gas
Full, Walk-Out Access
2-Two Story
Building Details
Year Built
Stories
Listed By:
OSCAR NUNEZ-PAZ
(201) 519-4739
Source:
Evrealestate
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 4:50PM
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 OSCAR NUNEZ-PAZ
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Investment Insights
Based on property information with market context.
This residential income property contains 2,446 square feet and was built in 1930. The two-story building includes a full basement with walk-out access. Heating is provided by a forced-air system fueled by natural gas.
The property is located on Elmwood Avenue in East Orange, Essex County.
The property is located on Elmwood Avenue in East Orange, Essex County.
Key Highlights
- 2,446‑square‑foot residential income property
- Built in 1930
- Two‑story building with a full basement and walk‑out access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,615
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$752,300
$752.3K
Cap Rate 7%
$537,357
$537.4K
Cap Rate 9%
$417,944
$417.9K
Market Conditions
NOI Build-Up for 2,446 SF
Gross rent
$73.4K $30.00/SF
− Vacancy
−$5.0K −$2.04/SF
EGI
$68.4K $27.96/SF
− OpEx
−$30.8K −$12.58/SF
NOI
$37.6K $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%
$752,300
Cap Rate 7%
$537,357
Cap Rate 9%
$417,944
Alternative Uses
Best Use
Apartment 5plus
$537.4K
$470.2K – $626.9K
NOI $37,615 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$638.7K
$558.9K – $745.2K
NOI $44,709 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,849
Businesses Nearby
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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 building has a full basement with walk-out access and forced-air heating fueled by natural gas.
Where is this residential income property located?
The property is located at 250 Elmwood Ave East Orange, NJ.
What is the asking price?
The asking price for this property is $524,000.
What are key features of this property?
This property features: 2,446‑square‑foot residential income property; Built in 1930; Two‑story building with a full basement and walk‑out access
