Three-Unit Multifamily
For Sale
$799,000
327 Amherst St, East Orange, NJ 07018
Well-maintained triplex with refreshed common areas, outdoor space, and basement utility connections.
Property Size3,030 SF
Price / SF$263.70
Days on Market69
Property Features for 327 Amherst St
General Information
Standard status
Active
Size
3,030 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR, 1 x 2BR
Multifamily Units
3
Amenities
front porch
backyard
Building Details
Year Built
1920
Buildings
1
Listing Agency:
EXP REALTY, LLC
Listed By:
SHARON KUSHNER · License #10301224986
(917) 612-2523
Source:
Luminancerealty
Added: Aug 9
Changed: Oct 14
Last Checked: Oct 5 at 11:56PM
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 EXP REALTY, LLC
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Investment Insights
Based on property information with market context.
This 3,030-square-foot triplex, built in 1920, contains three apartments with a 3-bedroom, 3-bedroom, and 2-bedroom configuration. Two apartments have recently received interior paint, while the shared hallway and staircase have also been refreshed. Building systems include a new boiler and hot water heater.
The property includes a broad front porch and backyard, adding outdoor space for residents. The basement retains plumbing connections for a toilet, shower, and sink, along with multiple window openings. That area may support additional living, recreation, or storage use, subject to local approvals. Located at 327 Amherst St in East Orange City, NJ, the property offers a multifamily layout with several existing and potential functional areas.
The property includes a broad front porch and backyard, adding outdoor space for residents. The basement retains plumbing connections for a toilet, shower, and sink, along with multiple window openings. That area may support additional living, recreation, or storage use, subject to local approvals. Located at 327 Amherst St in East Orange City, NJ, the property offers a multifamily layout with several existing and potential functional areas.
Key Highlights
- 3,030‑square‑foot triplex with three apartments
- Unit mix includes two 3‑bedroom apartments and one 2‑bedroom apartment
- Built in 1920; new boiler and hot water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,711
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,014,220
$1.0M
Cap Rate 7%
$724,443
$724.4K
Cap Rate 9%
$563,456
$563.5K
Market Conditions
NOI Build-Up for 3,030 SF
Gross rent
$77.4K $25.56/SF
− Vacancy
−$5.0K −$1.65/SF
EGI
$72.4K $23.91/SF
− OpEx
−$21.7K −$7.17/SF
NOI
$50.7K $16.74/SF
Area
Essex County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,014,220
Cap Rate 7%
$724,443
Cap Rate 9%
$563,456
Alternative Uses
Best Use
Multifamily LT 5
$724.4K
$633.9K – $845.2K
NOI $50,711 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$665.6K
$582.4K – $776.6K
NOI $46,595 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$791.2K
$692.3K – $923.1K
NOI $55,384 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,865
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained triplex with refreshed common areas, outdoor space, and basement utility connections.
Where is this triplex located?
The property is located at 327 Amherst St East Orange, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 3,030‑square‑foot triplex with three apartments; Unit mix includes two 3‑bedroom apartments and one 2‑bedroom apartment; Built in 1920; new boiler and hot water heater
