Three-Unit Triplex with
For Sale
$975,000
81 N Grove St 3, East Orange, NJ 07017
All three apartments offer in-unit laundry, central air, and forced-air heating.
Property Size2,997 SF
Price / SF$325.33
Days on Market180
Property Features for 81 N Grove St 3
General Information
Standard status
Active
Size
2,997 SF
Total Parking Spaces
3
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 2BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,162
Amenities
washer and dryer
central air
forced hot air heating
partially finished basement
Building Details
Building Size
2,997 SF
Year Built
1930
Listing Agency:
Side
Listed By:
CityWest Real Estate
Source:
Citywestrealestate
Added: May 1
Changed: Oct 26
Last Checked: Oct 26 at 3:29PM
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 Side
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Investment Insights
Based on property information with market context.
This 2,997-square-foot triplex, built in 1930, contains three two-bedroom apartments. Each unit has its own washer and dryer, central air, and forced-air heat. A partially finished basement adds usable interior space, and the property includes a three-car garage.
At 81 N Grove St in East Orange, the property is near Oval Park and offers access to major highways and mass transit.
At 81 N Grove St in East Orange, the property is near Oval Park and offers access to major highways and mass transit.
Key Highlights
- Three two‑bedroom apartments
- 2,997 square feet; built in 1930
- A washer and dryer, central air, and forced‑air heat in each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,158
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,160
$1.0M
Cap Rate 7%
$716,543
$716.5K
Cap Rate 9%
$557,311
$557.3K
Market Conditions
NOI Build-Up for 2,997 SF
Gross rent
$76.6K $25.56/SF
− Vacancy
−$4.9K −$1.65/SF
EGI
$71.7K $23.91/SF
− OpEx
−$21.5K −$7.17/SF
NOI
$50.2K $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%
$1,003,160
Cap Rate 7%
$716,543
Cap Rate 9%
$557,311
Alternative Uses
Best Use
Multifamily LT 5
$716.5K
$627.0K – $836.0K
NOI $50,158 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$658.4K
$576.1K – $768.1K
NOI $46,088 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$782.6K
$684.8K – $913.0K
NOI $54,780 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,492
Businesses Nearby
Explore this area
Business Placement
Demographics for 07017, NJ
39,054
Population
16,770
Households
2.3
Avg Household Size
37
Median Age
22%
College-Educated
88%
High-School Grad
2.3 sq mi
ZIP Area
16,980
Density / Sq Mi
$61,552
Median Household Income
$39,847
Median Earnings
$1,346
Median Rent
$316,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three apartments offer in-unit laundry, central air, and forced-air heating.
Where is this triplex located?
The property is located at 81 N Grove St 3 East Orange, NJ.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Three two‑bedroom apartments; 2,997 square feet; built in 1930; A washer and dryer, central air, and forced‑air heat in each apartment
