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156 Elmwood Ave, East Orange, NJ 07018 (MLS # 3993554)

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PRICE $699,000 dsIDX morgage calculator
BEDS 4
BATHS 5
HOME SIZE n/a
LOT SIZE 9,584 sqft

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.

DAYS ON MARKET 1 LAST UPDATED 10/20/2025
YEAR BUILT 1930 COMMUNITY East Orange
COUNTY Essex STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School L HUGHES
Jr. High School P HEALY
High School E ORANGE


ADDITIONAL DETAILS
APPLIANCES Gas Water Heater
AREA East Orange
BASEMENT Full, Unfinished, Yes
CONSTRUCTION Wood Siding
HEAT Natural Gas
LOT 9583 sq ft
LOT DESCRIPTION Corner Lot, Level
SEWER Public Sewer
STORIES 2
STYLE 2-Two Story, Under/Over
TAXES 12667
UTILITIES Cable Available, Natural Gas Available
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with CORCORAN SAWYER SMITH
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

This IDX solution is (c) Diverse Solutions 2025.

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