156 Elmwood Ave new Save Request In-Person Tour Request Virtual Tour
East Orange City,NJ 07018
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3993554
Style 2-Two Story, Under/Over
Bedrooms 4
Full Baths 4
Half Baths 1
Year Built 1930
Annual Tax Amount $12,667
Tax Year 2024
Lot Size 9,583 Sqft
Property Description
INVESTOR ALERT Grand FOUR-unit on a corner lot with strong rent-growth potential and classic architectural details. Configured as three spacious 1BRs and one studio, the building sits proudly with lots of windows, bright rooms, high ceilings, and a sweeping grand staircase that makes an immediate impression. Three units are vacant ideal for quick cosmetic updates and immediate leasing; the fourth is a well-maintained 1BR on month-to-month, allowing flexible repositioning. The studio stands out with a gorgeous fireplace and private porch a premium renter magnet. The 1st-floor 1BR has a private entrance and direct, exclusive access to the full basement, perfect for an end user, added storage income, or laundry convenience. The basement includes laundry hook-ups plus abundant storage, and a large walk-up attic offers finish potential (buyer to verify). Driveway parking for approx. six cars. Separate gas & electric. Neighborhood momentum is real this pocket has seen significant new development, supporting future appreciation and tenant demand. Location checks every box: close to schools, shopping, parks, major highways, and NYC train/bus. Perfect for house-hackers, end users, and long-term buy-and-hold investors seeking cap-rate expansion.
Location
State NJ
County Essex
Rooms
Basement Bilco-Style Door, Full, Unfinished
Interior
Interior Features Beam Ceilings, Carbon Monoxide Detector, Carpeting, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
Heating Gas-Natural
Cooling Wall A/C Unit(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Wood
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Building
Lot Description Corner, Level Lot, Open Lot
Sewer Public Sewer
Water Public Water
Architectural Style 2-Two Story, Under/Over
Schools
Elementary Schools L Hughes
Middle Schools P Healy
High Schools E Orange
Others
Senior Community No