146 S. Munn Avenue presents a compelling residential redevelopment opportunity in East Orange?s R-4 Multifamily District, where zoning supports a range of higher-density residential uses. Situated on approximately 0.41 acres, the property offers developers the ability to reposition, expand, or redevelop the site for multifamily, affordable housing, supportive housing, or… Read More senior housing, subject to approvals. The value is in the land and redevelopment potential, not the current use. This is an opportunity to unlock residential density in a growing, transit-accessible submarket with increasing demand for well-located housing. The existing ±5,476 SF structure provides optionality, including potential interim use or holding income while development plans, entitlements, and financing are secured. East Orange continues to attract multifamily investment, with recent sales and development activity supporting long-term residential fundamentals. This offering is well suited for developers and value-add investors seeking a residential redevelopment play in Essex County. Buyer to independently verify zoning, density, permitted uses, and redevelopment potential. Financials and additional documentation available upon execution of NDA. Read Less
Courtesy of KELLER WILLIAMS - NJ METRO GROUP.
Listing Snapshot
Days Online
57
Last Updated
Property Type
Other
Square Ft.
5,476
Lot Size
0.44 Acres
Year Built
1912
MLS Number
4012324
30 Days Snapshot Of 07018
$490k
+71%
(avg) sold price
4
-33%
homes sold
121
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Full, Unfinished, Yes
Building
Built in 1912
Cooling
See Remarks
Exterior Features
Brick/Block
Floors
Tile, Vinyl-Linoleum
Water Features
Public Water
Heating
Gas-Natural, Radiators - Hot Water
Lot
Approximate Lot Size: 127X150, 0.44 acres, Corner, Open Lot
Property
5,476 sqft building, 1 unit
Roof
Asphalt Shingle
Sewer
Public Sewer
Taxes
Annual Tax Amount: $34,685, Tax Rate: 3.241
Utilities
Electric, Gas-Natural
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