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$ 569,000
Est. payment /mo
Under Contract
31 Chestnut St East Orange City, NJ 07018
6 Beds
3 Baths
0.25 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 4016907
Style Triplex
Bedrooms 6
Full Baths 3
Year Built 1925
Annual Tax Amount $12,364
Tax Year 2025
Lot Size 10,890 Sqft
Property Description
Don't miss this opportunity to own a 3-unit multifamily property, each unit featuring 2 bedrooms and 1 full bathroom, along with separate entrances and proper egress for all units ideal for both investors and owner-occupants. This property offers a functional layout and solid income potential, complemented by separate utilities, allowing for efficient management and expense control. A major highlight is the expansive parking area, providing ample off-street parking for multiple vehicles a rare and valuable feature for tenants and owners alike. Perfect for those looking to house hack or expand their investment portfolio. Live in one unit while generating rental income from the others, or lease all three for maximum return. With the right strategy, this property presents an excellent opportunity to increase rents, build equity, and maximize cash flow over time. This property is ideal for house hackers, buy-and-hold investors, and those looking to scale a multifamily portfolio. Flexible use, strong fundamentals, and long-term upside make it a property worth exploring.
Location
State NJ
County Essex
Rooms
Basement Full, Unfinished
Interior
Interior Features Blinds
Heating See Remarks
Cooling See Remarks
Heat Source See Remarks
Exterior
Exterior Feature Metal Siding
Parking Features Detached Garage
Garage Spaces 1.0
Utilities Available Electric
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style Triplex
Others
Senior Community No
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Listed by EXP REALTY, LLC