84 Carnegie Ave, East Orange, NJ 07018 For Sale

Rare Opportunity: High-Yield, Fully Stabilized 7-Unit Multifamily Asset in East Orange

Exceptional opportunity to acquire an incredibly resilient, well-maintained 7-unit apartment building in a high-demand East Orange residential pocket. Extensively renovated within the past 10 years, the building features an elite, high-occupancy layout consisting of rare, ultra-spacious 4-bedroom, 2-bathroom floor plans.

Operating at a 100% occupancy rate with exceptional, long-term tenant longevity, this property acts as a highly defensive cash-flow engine. The asset commands a powerful gross annual income velocity of $196,236, yielding a true, stress-tested Net Operating Income (NOI) of $125,124 even when fully underwritten for independent property management, professional maintenance reserves, and a conservative 5% vacancy allocation.

An ideal candidate for a seamless 1031 Exchange or institutional portfolio expansion, this asset offers an incoming investor an immediate, secure 7% market capitalization rate on day one. Positioned perfectly on a quiet, low-turnover residential street while remaining minutes from major transit hubs, local shopping, and schools, this property combines immediate premium cash flow with unmistakable long-term structural upside.