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Three-Unit Residential Property

89 Franklin Ave, West Orange, NJ 07052

For Sale
$700,000

Each residence has a separate kitchen and living area, providing distinct spaces within the shared building.

Property SizeContact for details
Days on Market79

Property Features for 89 Franklin Ave

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multi Family Home
Net Operating Income $999

Additional Details

Highway Access Yes
Multifamily Units 3

Amenities

Carbon Monoxide Detector

Building Details

Year Built 1915
Units 3
Listing Agency: Keller Williams Park Views
Listed By: Wenner Nunes
Source: Arcadiarealtors
Added: Aug 23 Changed: Nov 8 Last Checked: Nov 8 at 11:55AM

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 Keller Williams Park Views

Rey
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Investment Insights

Based on property information with market context.

This three-unit residential property in West Orange contains 5 bedrooms and 3 full bathrooms. Each unit has its own kitchen and living area. The building dates to 1915.

The property is in West Orange, with access to major roadways, shopping, dining, and local amenities.

Key Highlights

  • Three units within one building
  • 5 bedrooms and 3 full bathrooms total
  • A separate kitchen and living area in each unit

Property Analytics

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Lease Details

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

818
Businesses Nearby

Demographics for 07052, NJ

48,867
Population
18,300
Households
2.7
Avg Household Size
42
Median Age
53%
College-Educated
92%
High-School Grad
12.0 sq mi
ZIP Area
4,072
Density / Sq Mi
$131,456
Median Household Income
$63,458
Median Earnings
$1,791
Median Rent
$527,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Triplexes in Essex County, NJ

$354 Jul
$262 Aug
$272 Sep
$253 Oct

Properties on Market for Triplexes in Essex County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Each residence has a separate kitchen and living area, providing distinct spaces within the shared building.
Where is this triplex located?
The property is located at 89 Franklin Ave West Orange, NJ.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Three units within one building; 5 bedrooms and 3 full bathrooms total; A separate kitchen and living area in each unit
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