Under contract

$875,000

7 Prospect Ter, East Orange City, NJ 07017

7beds

2,768sqft

$6,912/mo

Get pre-qualified

Multi Family

Built in 1930

-- sqft lot

$-- Zestimate^®

$316/sqft

$-- HOA

What's special

Central airForced hot air throughoutWasher and dryer hookupsTwo car garage

An income producing masterpiece has hit the market. This massive three family home features a 6+ car driveway and a two car garage, offering both scale and flexibility. With two units delivered vacant, you have the opportunity to maximize rents or occupy immediately. The property has been meticulously maintained and includes central air and forced hot air throughout. The first floor offers a spacious 3 bedroom, 1 bathroom unit with washer and dryer hookups, the second floor features an even larger 3 bedroom, 2 bathroom layout, and the third unit is a well proportioned 1 bedroom, 1 bathroom. The basement is expansive with high ceilings and endless potential for additional use. Conveniently located near major highways, parks, shopping and more, this is a rare opportunity to own an almost fully vacant multifamily, do not miss it.

170 days
13
0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 4
Full bathrooms: 4

Heating

3 Units, Natural Gas

Cooling

3 Units, Central Air

Appliances

Included: Dishwasher, Range/Oven - Gas, Refrigerator
Laundry: Laundry Room

Features

Bedrooms, Eat-in Kitchen, Kitchen, Living Room, Living/Dining Room, Eat-In Kitchen
Basement: Yes,Full
Has fireplace: No

Interior area

Total structure area: 2,768
Total interior livable area: 2,768 sqft

Property

Parking

Total spaces: 6
Parking features: 1 Car Width, 2 Car Width, Detached Garage
Garage spaces: 2
Uncovered spaces: 6

Features

Levels: 3-Three Story
Stories: 3

Lot

Size: 4,791 Square Feet
Dimensions: 50 x 96

Details

Parcel number: 1605005520000000020000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Aluminum Siding
Roof: Asphalt Shingle

Condition

Year built: 1930
Major remodel year: 2019

Utilities & green energy

Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Connected

Community & HOA

Location

Region: East Orange

Financial & listing details

Price per square foot: $316/sqft
Tax assessed value: $483,500
Annual tax amount: $15,670
Date on market: 4/14/2026
Exclusions: Personal items
Total actual rent: 1650
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/4/2026	Pending sale	$875,000$316/sqft
Source: NJMLS #26012779 Report a problem
4/14/2026	Listed for sale	$875,000+993.8%$316/sqft
Source: GSMLS #4020552 Report a problem
12/10/2020	Listing removed	$1,950$1/sqft
Source: RE/MAX FIRST REALTY II #3644174 Report a problem
6/30/2020	Listed for rent	$1,950$1/sqft
Source: RE/MAX FIRST REALTY II #3644174 Report a problem
4/10/2018	Sold	$80,000+21.4%$29/sqft
Source: GSMLS #3394156 Report a problem
6/16/2017	Pending sale	$65,900$24/sqft
Source: HAWLEY REAL ESTATE #3394156 Report a problem
6/13/2017	Listed for sale	$65,900-70.3%$24/sqft
Source: HAWLEY REAL ESTATE #3394156 Report a problem
2/22/2017	Listing removed	$221,818+19.9%$80/sqft
Source: Auction.com Report a problem
1/31/2017	Listed for sale	--
Source: Auction.com Report a problem
5/19/2004	Sold	$185,000$67/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$15,670 +3.2%	$483,500
2024	$15,187 +8.1%	$483,500
2023	$14,051 +92.5%	$483,500
2022	$7,298 +1.3%	$483,500 +267.1%
2021	$7,204 +1.3%	$131,700
2020	$7,112 +1.3%	$131,700
2019	$7,020	$131,700
2018	$7,020 -41.2%	$131,700 -43.7%
2017	$11,931 +2.5%	$233,800
2016	$11,639 +1.4%	$233,800
2015	$11,475 +3.9%	$233,800
2014	$11,045 +62%	$233,800
2013	$6,818 +4.3%	$233,800 +18.9%
2012	$6,535 +4.7%	$196,600
2011	$6,244 +12.1%	$196,600
2010	$5,570 +7.4%	$196,600
2009	$5,188 +9%	$196,600
2008	$4,758 -7.5%	$196,600
2007	$5,143	$196,600 +940.2%
2006	--	$18,900
2005	--	$18,900
2004	--	$18,900
2003	--	$18,900
2002	--	$18,900
2001	--	$18,900