3-Three Story, Triplex

Investor opportunity! 156 North 18th Street in East Orange is a large three-family property offering strong income potential and immediate upside for investors. With 3,233 square feet of living space, the building features 13 rooms including 8 bedrooms and 3 bathrooms, providing the size and layout investors look for in multi-family assets.The property consists of a 3-bedroom, 1-bath first-floor and 2nd Floor unit and a 2-bedroom, 1-bath units on the 3rd floor. Current rents are below market, creating a clear value-add opportunity to increase income over time. The owner-occupied third-floor unit will be delivered vacant at closing, allowing the next owner to place a new tenant at market rent immediately.A major advantage is the separate utilities for each unit, including individual furnaces, hot water heaters, and electric meters. Tenants pay their own utilities while the landlord covers water and sewer, helping keep operating costs manageable.Additional features include two porches/decks, a large unfinished basement with storage potential, and a substantial building footprint rarely found in comparable properties.Located in East Orange with access to transportation and major commuter routes, this property presents a compelling opportunity for investors seeking a large multi-family with strong rental potential and long-term value.

Investor opportunity! 156 North 18th Street in East Orange is a large three-family property offering strong income potential and immediate upside for investors. With 3,233 square feet of living space, the building features 13 rooms including 8 bedrooms and 3 bathrooms, providing the size and layout investors look for in multi-family assets.The property consists of a 3-bedroom, 1-bath first-floor and 2nd Floor unit and a 2-bedroom, 1-bath units on the 3rd floor. Current rents are below market, creating a clear value-add opportunity to increase income over time. The owner-occupied third-floor unit will be delivered vacant at closing, allowing the next owner to place a new tenant at market rent immediately.A major advantage is the separate utilities for each unit, including individual furnaces, hot water heaters, and electric meters. Tenants pay their own utilities while the landlord covers water and sewer, helping keep operating costs manageable.Additional features include two porches/decks, a large unfinished basement with storage potential, and a substantial building footprint rarely found in comparable properties.Located in East Orange with access to transportation and major commuter routes, this property presents a compelling opportunity for investors seeking a large multi-family with strong rental potential and long-term value.