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129 N Walnut St
East Orange, NJ 07017

$5,620,000 USD

Apartments For Sale  •  41,848 SF

Property Details

• Property Type Apartments
• Total Building Size 41,848 SF
• Lot Size 0.35 AC
• Building Class C
• Year Built 1930
• Zoning R-4, E Orange City

63 Transit Score

84 Walk Score

Highlights

41-Unit Stabilized Multifamily Asset - Four-story pre-war brick building with durable construction, efficient layouts, and strong in-place occupancy p

Consistently High Occupancy - The property maintains strong occupancy levels with predictable annual turnover, supporting ongoing rent growth through

Clear Value-Add Upside Through Rent Repositioning - In-place rents average approximately $1,262/unit with 15–25% upside through turnover, renovation,

Separately Metered Utilities - Tenants pay for individual electric and gas, limiting ownership exposure; landlord covers water, sewer, and common area

Transit-Oriented Location - Less than 0.5 miles to both East Orange and Brick Church NJ Transit stations with direct access to Newark and NYC.

Supply-Constrained, Improving Submarket - Surrounded by significant redevelopment including The Crossing at Brick Church, Aura 240, and The Modern, re

Amenities

• 24 Hour Access
• Air Conditioning
• Controlled Access
• Tenant Controlled HVAC
• Heating
• Eat-in Kitchen
• Kitchen
• High Speed Internet Access
• Elevator
• Public Transportation
• Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
East Orange (Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit))	1 min	9 min	0.5 mi
Brick Church (Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit))	1 min	12 min	0.7 mi
Airport	Drive	Walk	Distance
Newark Liberty International	15 min	-	8.5 mi
LaGuardia	45 min	-	29.3 mi