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84 Carnegie Ave 7 Unit Apartment Building $2,150,000 ($307,143/Unit) East Orange, NJ 07018
INVESTMENT HIGHLIGHTS
- Strong Rental History and Income
- Great 1031 Exchange or Portfolio Addition
- 1 Large, 3 Bedroom Unit
- Low Vacancy Rate
- 6 Large, 4 Bedroom Units
EXECUTIVE SUMMARY
Rare opportunity to acquire a well-maintained 7-unit building featuring spacious 4-bedroom 2 - bathroom units in a desirable East Orange neighborhood. Renovated within the past 10 years.
Each unit offers generous living space, making it highly attractive to tenants and ensuring strong, consistent rental income.
Perfect for investors seeking a high-performing asset to add to their portfolio or a smart 1031 exchange candidate, this property delivers both immediate cash flow and long-term upside in a growing market. Situated on a quiet, residential street yet close to transportation, shopping, and schools, this is an ideal location for both renters and investors alike.
Each unit offers generous living space, making it highly attractive to tenants and ensuring strong, consistent rental income.
Perfect for investors seeking a high-performing asset to add to their portfolio or a smart 1031 exchange candidate, this property delivers both immediate cash flow and long-term upside in a growing market. Situated on a quiet, residential street yet close to transportation, shopping, and schools, this is an ideal location for both renters and investors alike.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+2 | 6 | $2,258 | - |
| 3+2 | 1 | $1,970 | - |
1 1
Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 05-00511-0000-00019 | Total Assessment | $537,900 (2025) |
| Land Assessment | $126,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $411,900 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
05-00511-0000-00019
Land Assessment
$126,000 (2025)
Improvements Assessment
$411,900 (2025)
Total Assessment
$537,900 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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84 Carnegie Ave
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