268 Watchung Ave - 268 Watchung Ave 4 Unit Apartment Building Offered at $1,200,000 at a 7.16% Cap Rate West Orange, NJ 07052

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family building located at 268 Watchung Avenue in West Orange, New Jersey (“the Property”). The Property consists of a three story multi-family building containing four (4) residential units comprised of one (1), 5-Bedroom/3-Bathroom unit, one (1), 5-Bedroom/2-Bathroom unit, and two (2), 3-Bedroom/2-Bathroom units on a 0.14-acre parcel of land. Two of the units are below market offering significant upside by achieving market rates upon lease renewal or re-tenanting. The Property is located along Watchung Avenue in a well-established residential neighborhood on the eastern side of West Orange, offering a quiet setting with convenient access to nearby commercial corridors and everyday amenities. The surrounding area is characterized by a dense mix of housing supported by a variety of retail and dining options, including the Essex Green Shopping Center and other grocery-anchored centers. The Property is also situated near local schools, parks, and community services, while providing easy access to major roadways such as Interstate 280 and the Garden State Parkway. Additionally, 268 Watchung Avenue is approximately five miles from Newark, offering connectivity to a major employment and transportation hub. Located in Essex County, West Orange is a suburb of New York City and is approximately 16 miles to the west.