61-63 Chestnut St - Apartments FOR SALE


West Orange, NJ 07052
$1,250,000 USD
201-215-1811
61-63 Chestnut St, West Orange, NJ for Sale
$1,250,000 USD
Apartments - FOR SALE
1/6
null | 7.22% Cap Rate

61-63 Chestnut St
West Orange, NJ 07052


HIGHLIGHTS

  • Access & Connectivity
  • Area Amenities & Demand Drivers
  • Off-Street Parking
  • Strong Rental Demographics & Demand
  • Quality of Life Amenities

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 61-63 Chestnut Street in West Orange, NJ (the “Property”). The three-story building contains five (5) 2-Bedroom/1-Bathroom units and one (1) 1-Bedroom/1-Bathroom unit with 6,615 square feet of gross living area. The Property is situated upon a 0.11-acre parcel and features four (4) off-street parking spaces. 61-63 Chestnut Street is strategically located in the heart of West Orange, offering residents convenient access to the township’s primary commercial corridors, employment centers, and lifestyle amenities. The property benefits from excellent regional connectivity via nearby Interstate 280, Route 10, and the Garden State Parkway, providing efficient access throughout Northern New Jersey as well as direct connections to Newark and New York City. The surrounding neighborhood combines established residential character with convenient access to shopping, dining, healthcare, and recreational amenities, supporting strong renter demand within one of Northern New Jersey’s most desirable suburban markets.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$189 USD /SF

# OF UNITS

6

PRICE/UNIT

$208,333

CAP RATE

7.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

B-1

APN/PARCEL ID

22-00134-02-00083

ASK ABOUT THIS PROPERTY

Mike AgrifolioHorvath & TremblayMore Info
201-215-1811

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Mike AgrifolioHorvath & TremblayMore Info
201-215-1811

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.