Renovated Two-Family Home with
36 Chelsea Ave East Orange, NJ 07018
MULTI_FAMILY - East Orange City, NJ
Property size:
2,080 SFLot size:
0.05 Acres- Added:
- Apr 20, 2026
- Days on Market:
- 82
- Last Refresh:
- Jul 10 at 1:06 am
Property Features for 36 Chelsea Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 4, Bedroom 6, Basement, Bathroom 1, Bathroom 2
- Parking
- 4
- Interior features
- Carbon Monoxide Detector, Smoke Detector, Vinyl-Linoleum Floors
- Exterior features
- Metal Fence, Partially Fenced
- Fencing
- Partial, Fenced
- Standard status
- Pending
- Size
- 2,080 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6715
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Wall Furnace
- Cooling system
- Ductless
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle, Flat
- Architectural style
- Other
Listing agent CARLOS TAM (973) 315-8180
Listing office COMPASS NEW JERSEY, LLC 1776 ON THE GREEN 67 PARK PLACE EAST, 175/300, Morristown, NJ (973) 315-8180
Listing date Apr 20, 2026
MLS# 4021797
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 fully renovated 2-family home was rebuilt from the studs up and is designed for comfortable, efficient day-to-day living. Each unit features an open-concept living and dining layout, updated kitchens with stainless steel appliance packages, and modern bathrooms. Heating and cooling are supported by split-unit systems, with a total of 9 split units providing year-round comfort across the basement, first floor, and second floor.
The property includes significant electrical and life-safety upgrades, including new and upgraded electrical service with 2 panels, 2 tankless high-efficiency water heaters, and 20 hard-wired smoke detectors. Laundry hookups are available, and the home offers a finished basement with French drains all around. A detached 2-car garage further supports off-street parking and storage needs.
Set up for flexible occupancy, the two-family configuration can work well for owner-occupants seeking rental income alongside their own residence, as well as for investors looking for a renovated multi-family asset. The home is located in East Orange, with access to parks, shopping, major highways, and transportation for everyday convenience.
The property includes significant electrical and life-safety upgrades, including new and upgraded electrical service with 2 panels, 2 tankless high-efficiency water heaters, and 20 hard-wired smoke detectors. Laundry hookups are available, and the home offers a finished basement with French drains all around. A detached 2-car garage further supports off-street parking and storage needs.
Set up for flexible occupancy, the two-family configuration can work well for owner-occupants seeking rental income alongside their own residence, as well as for investors looking for a renovated multi-family asset. The home is located in East Orange, with access to parks, shopping, major highways, and transportation for everyday convenience.
Key Highlights
- Fully renovated 2‑family home (built 1930) with open‑concept living/dining in each unit
- Each unit includes updated kitchens with stainless steel appliances (2 refrigerators, 2 range stoves, 2 microwaves, 2 dishwashers)
- Split‑unit systems for year‑round comfort with 9 total split units (2 in basement, 3 first floor, 4 second floor)
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 | $53.2k | $25.56 |
| − Vacancy | −$3.4k | −$1.65 |
| EGI | $49.7k | $23.91 |
| − OpEx | −$14.9k | −$7.17 |
| NOI | $34.8k | $16.74 |
2,080 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$497.3K
$435.1K – $580.2K
NOI $34,811 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$456.9K
$399.8K – $533.1K
NOI $31,986 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$543.1K
$475.2K – $633.7K
NOI $38,019 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully renovated 2-family home with open-concept interiors, split HVAC, tankless hot water, and a detached 2-car garage.
Where is this duplex located?
The property is located at 36 Chelsea Ave East Orange, NJ.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Fully renovated 2‑family home (built 1930) with open‑concept living/dining in each unit; Each unit includes updated kitchens with stainless steel appliances (2 refrigerators, 2 range stoves, 2 microwaves, 2 dishwashers); Split‑unit systems for year‑round comfort with 9 total split units (2 in basement, 3 first floor, 4 second floor)
