156 Elmwood Ave
East Orange City, NJ 07018
Price: $699,000
GSMLS: 3993554Type: Multi-Family
Style: 2-Two Story, Under/Over
Total Units: 4
Beds: 4
Baths: 4 Full & 1 Half
Garage: No
Year Built: 1930
Acres: 0.22
Property Tax: $12,667
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.
General Info
Style:
2-Two Story, Under/Over
SqFt Building:
n/a
Total Rooms:
11
Basement:
Yes - Bilco-Style Door, Full, Unfinished
Interior:
Beam Ceilings, Carbon Monoxide Detector, Carpeting, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
Roof:
Asphalt Shingle
Exterior:
Wood
Lot Size:
125X75
Lot Desc:
Corner, Level Lot, Open Lot
Parking
Garage Capacity:
No
Description:
n/a
Parking:
Blacktop
Spaces Available:
6
Unit 1
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
1
Bathrooms:
1
Total Rooms:
2
Room Description:
Bedrooms, Kitchen, Living/Dining Room, Porch
Levels:
1
Square Foot:
n/a
Fireplaces:
1
Appliances:
Carbon Monoxide Detector, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
1
Appliances:
Carbon Monoxide Detector, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Utilities
Heating:
Radiators - Hot Water
Heating Fuel:
Gas-Natural
Cooling:
Wall A/C Unit(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural
Services:
Cable TV Available
School Information
Elementary:
L HUGHES
Middle:
P HEALY
High School:
E ORANGE
Community Information
County:
Essex
Town:
East Orange City
Neighborhood:
n/a
Financial Considerations
List Price:
$699,000
Tax Amount:
$12,667
Land Assessment:
$89,900
Build. Assessment:
$313,400
Total Assessment:
$403,300
Tax Rate:
3.14
Tax Year:
2024
Listing Information
MLS ID:
3993554
List Date:
10-20-2025
Days On Market:
2
Listing Broker:
CORCORAN SAWYER SMITH
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
