About 156 Elmwood Avenue
INVESTOR ALERT Grand FOUR-unit on a corner lot with strong rent-growth potential and classic architectural details. Configured as three spacious 1BRs and one studio, the building sits proudly with lots of windows, bright rooms, high ceilings, and a sweeping grand staircase that makes an immediate impression. Three units are vacant ideal for quick cosmetic updates and immediate leasing; the fourth is a well-maintained 1BR on month-to-month, allowing flexible repositioning. The studio stands out with a gorgeous fireplace and private porch a premium renter magnet. The 1st-floor 1BR has a private entrance and direct, exclusive access to the full basement, perfect for an end user, added storage income, or laundry convenience. The basement includes laundry hook-ups plus abundant storage, and a large walk-up attic offers finish potential (buyer to verify). Driveway parking for approx. six cars. Separate gas & electric. Neighborhood momentum is real this pocket has seen significant new development, supporting future appreciation and tenant demand. Location checks every box: close to schools, shopping, parks, major highways, and NYC train/bus. Perfect for house-hackers, end users, and long-term buy-and-hold investors seeking cap-rate expansion.
Features of 156 Elmwood Avenue
| MLS® # | 25037541 |
|---|---|
| Price | $699,000 |
| Bedrooms | 4 |
| Bathrooms | 5.00 |
| Full Baths | 4 |
| Half Baths | 1 |
| Type | 2-4 Family |
| Style | Other |
| Status | Active |
Community Information
| Address | 156 Elmwood Avenue |
|---|---|
| City | East Orange |
| County | ESSEX |
| State | NJ |
| Zip Code | 07018 |
Amenities
| Utilities | See Remarks, Electricity Connected, Natural Gas Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Additional Information
| Date Listed | October 20th, 2025 |
|---|---|
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Marina Fridman Rybner |
|---|---|
| Office | Corcoran Sawyer Smith |