East Orange, NJ Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in East Orange, New Jersey Market population: 64K. Browse multifamily, office, retail, industrial, and mixed-use...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For East Orange NJ Properties: 0.0000%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For East Orange NJ
Common questions from investors exploring commercial real estate in East Orange NJ.
What is the overall investment potential of East Orange, NJ, considering its demographic and economic factors?
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The city's median household income of $38,359, combined with a poverty rate of 18.9% and a health insurance coverage of 85.8%, suggests a relatively stable market with a mix of working-class and employed residents. The top industries, including Information, Finance & Insurance, and Construction, also indicate a diverse economy, while the 32.7-minute average commute time and public transit usage suggest solid infrastructure for renters.
How does the ethnic diversity and income inequality in East Orange, NJ affect the real estate market?
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The city's ethnic diversity, with 76.5% Black, 8.7% Hispanic, and 5.9% Other populations, contributes to a vibrant and culturally rich community, which can attract a wide range of residents and businesses. However, the income inequality, as indicated by a GINI coefficient of 0.464, may impact the affordability and accessibility of housing, making it essential for investors to consider these factors when evaluating potential investments.
What are the implications of the city's homeownership rate and median property value for real estate investors?
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The relatively low homeownership rate of 26.7% and median property value of $228,700 suggest a rental-heavy market, which can provide opportunities for investors to capitalize on demand for rental properties. Additionally, the median property taxes of $6,722 should be factored into investment calculations to ensure profitable returns.
How do the commute times and transportation options in East Orange, NJ impact the quality of life and attractiveness to residents?
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The average commute time of 32.7 minutes, although relatively long, is mitigated by the availability of public transit, which is used by a significant portion of the population. This suggests that residents have access to reliable transportation options, making the city more attractive to those who value convenience and mobility.
What are the key factors that investors should consider when evaluating the potential for property appreciation and rental yields in East Orange, NJ?
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Investors should consider the city's median property value, poverty rate, health insurance coverage, and top industries, as well as the commute times and transportation options, to assess the potential for property appreciation and rental yields. The city's diverse economy, relatively stable market, and solid infrastructure also contribute to its attractiveness as a real estate investment opportunity.
East Orange NJ Real Estate & City Facts
Key facts and real estate information about East Orange NJ.
What are some of the best neighborhoods to live in East Orange?
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Some of the best neighborhoods to live in East Orange, NJ are the southwest parts of the city, such as 20th Street and S Grove St, which are known for their desirable homes and friendly communities. Additionally, neighborhoods like Ampere, Doddtown, and Greenwood are also popular for their varied and robust real estate trends.
What are some fun things to do in East Orange?
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There are plenty of fun things to do in East Orange, NJ, such as visiting the Jersey Explorer Children's Museum, Oval Park, and Paul Robeson Stadium. You can also explore the city's hidden eats and historic gems tucked along tree-lined streets, or check out the soulful jazz at Monte Irvin Park. If you're looking for more adventure, you can head to the nearby Lincoln Park, Hemlock Falls, or Orange Reservoir.
What is the food scene like in East Orange?
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The food scene in East Orange, NJ is diverse and vibrant, with a range of restaurants serving different cuisines. Some popular spots include O Cook Shop, The Yard - Newark, Ghana Jollof Restaurant, and Scotchies Jerk Center. You can also find great food trucks and hidden gems throughout the city, such as Limin's Cafe Caribe and The Soul Food Factory. Whether you're in the mood for African, American, or Caribbean cuisine, East Orange has something to offer.
What are the pros and cons of living in East Orange?
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Living in East Orange, NJ has its pros and cons. On the plus side, the city has a rich history and culture, with a diverse community and a range of amenities. However, some areas of the city can be rough around the edges, and crime rates are higher than in some other parts of the state. Additionally, the city's poverty rate is relatively high, and some residents may struggle with access to resources and opportunities. Despite these challenges, many residents love East Orange for its unique character and strong sense of community.
Is East Orange a good place to live?
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Whether or not East Orange is a good place to live depends on your individual preferences and priorities. If you're looking for a diverse and vibrant community with a rich history and culture, East Orange may be a great fit. However, if you're concerned about safety or access to resources, you may want to consider other options. Ultimately, East Orange is a complex and multifaceted city that offers a unique blend of pros and cons. With its desirable neighborhoods, fun things to do, and diverse food scene, East Orange can be a great place to call home for those who are willing to look beyond its challenges and appreciate its many strengths.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For East Orange NJ Commercial Property: $38,359
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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