Closed$659,000
TLC ≈ $5,845/mo
3 3 1,602 sqft
314 Carteret Terrace, Orange, NJ 07050
312 Rhode Island Avenue, East Orange, NJ 07018
$750,000
0 beds 4 baths 3,326 sqft Built 1930179 days on marketClosed
About this home
Rare multi-unit opportunity in East Orange! This unique property features two homes on one lot. The front building is a three-family home, each unit offering one bedroom, with a newer roof, new furnace, and new hot water tank. The rear property includes two additional units a first-floor one-bedroom and a spacious three-bedroom apartment on the second floor plus an attached oversized two-car garage. Ample parking for up to five additional vehicles. Perfect for investors, owner-occupants seeking rental income, or a multi-generational family. Conveniently located near transportation, shopping, and schools a must-see opportunity with great income potential!
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.
Your estimated payment
$7,467/mo
- Real estate (PITI + HOA + PMI)
- $7,240
- Utilities
- $522
- Transportation
- $168
- Other (entertainment)
- $158
Principal + interest$4,832
Property tax + insurance$2,127
PMI / 2nd mortgage$281
Heating + cooling$124
Internet + TV + phone$158
Water + sewer + garbage$58
Car insurance + maintenance$168
Budget$7,967/mo
Remaining after TLC$500/mo
Purchase price
$750,000
Down payment
$37,500 (5%)
Loan amount
$712,500
APR
7.19%
Quick facts
Type
4 Family
Style
—
Year built
1930
Lot size
—
Stories
3
Heating
Radiators-Steam, See Remarks, Separate Furnaces
Cooling
Ceiling Fan(s),A/C Window Unit(s)
Water
Public
HOA
—
Annual tax
$15,831
MLS #
2606506R
County
Essex
At a glance
Basement
Garage (2)
Home features
Appliances
Water Heater(See RemarksGas)Water HeaterUnit 1(Range/OvenRefrigerator)Unit 2(Range/OvenRefrigerator)Unit 3(Range/OvenRefrigerator)Unit 4(Range/OvenRefrigerator)
Interior
Unit 1(1 BedroomDining RoomKitchen1 BathLiving Room)Unit 2(1 BedroomKitchen1 BathLiving Room)Unit 3(1 BedroomKitchen1 BathLiving Room)Unit 4(3 BedroomsKitchen1 BathLiving RoomSee Remarks)
Exterior
CurbsPorch(es) - OpenFencing/WallYardPorch
Community
Curbs
Parking
Detached CarportGarageAttached4(+)Car ParkingPaved
Patio & porch
Porch(es) - OpenPorch
Flooring
Unit 1 Carpet, Unit 2 Carpet, Unit 4 Carpet
Roof
Asphalt, Flat
Sewer
Public Sewer
Ownership
Fee Simple
Lot features
Near Shopping, See Remarks, Level, Near Public Transit
Neighborhood — 07018
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 33,307 | 8,832,837 | 299,088,112 |
| Population Change Since1990 | -6.00% | 14.00% | 20.00% |
| Population Density | 20,297 | 1,137 | — |
| Male | 15,108 | 4,307,827 | 147,432,321 |
| Female | 18,199 | 4,525,010 | 151,655,844 |
| Never Married | 11,170 | 1,965,811 | 63,775,926 |
| Married | 6,523 | 3,647,435 | 123,120,365 |
| Separated | 2,753 | 391,239 | 12,639,686 |
| Widowed | 2,358 | 515,172 | 15,467,586 |
| Divorced | 2,264 | 529,393 | 23,075,029 |
| Number Of House Hold | 12,258 | 3,167,345 | 111,826,380 |
| Average House Hold Size | 2.66 | 2.73 | 2.60 |
| Medial Age | 32.28 | 37.15 | 35.46 |
| Median House Hold Income | $32,836 | $63,392 | $48,276 |
| Average House Hold Income | $43,224 | $83,312 | $63,629 |
| P C I | $17,830 | $30,662 | $24,529 |
| M D I | $29,148 | $52,505 | $41,133 |
| A T H E | $39,655 | $61,369 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 84.15% | 81.02% | 77.74% |
(Zip) Code
7018
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
Open in Google Maps →Recently sold nearby
Listing information last refreshed 10/26/2025. Provided courtesy of KELLER WILLIAMS ELITE REALTORS via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.