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126 Chestnut St, East Orange, NJ, 07018

6beds
2.1baths
0sqft
$525,000
--price/sqft
$4,030/moest. monthly cost
$161,200/yrincome needed

About This Home

Exceptional 2-family investment opportunity in East Orange with strong income and value-add potential. The first-floor unit features 2 bedrooms, 1 full bath, and beautiful hardwood flooring throughout, with the flexibility to easily convert into a 3-bedroom layout. The second unit spans the 2nd and 3rd floors, currently configured as a spacious 4 bedroom, 1 bath, 1 office with the potential to expand into a 5 bedroom unit ideal for maximizing rental income. Additional highlights include a full unfinished basement with an existing bathroom, offering further expansion possibilities. Separate utilities provide convenience for both owner-occupants and investors. The property also features a private backyard and an extended driveway for ample off-street parking. Conveniently located near transportation, shopping, and schools, this property is perfectly positioned for both commuters and tenants. Whether you're looking to live in one unit and rent the other or fully capitalize on its income potential, this is a rare opportunity with significant upside.

Getting Around

85
WalkingVery Walkable
61
TransitGood Transit
55
BikeBikeable

Schools

5/10
Ecole T Loverture SchoolGrades PK-50.4 mi
2/10
1/10

Construction

Condition

  • Year built: 1920

Materials

  • Roof: Asphalt Shingle
  • Construction materials: See Remarks

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: See Remarks,Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Yes,Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 2.1
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Bedrooms,Dining Room,Kitchen,Living Room,Living/Dining Room,Sunroom
  • Number of fireplaces: 2
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Radiators - Steam,Natural Gas
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 1605005220000000160000

Features

  • Levels: 3-Three Story
  • Stories: 3

Lot

  • Lot size: 3,049 sqft
  • Lot size dimensions: 35 x 85

Parking

  • Total spaces: 4
  • Parking features: 1 Car Width,Driveway-Exclusive
  • Uncovered spaces: 4