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146 S Munn Ave - Sterling Estates 5,425 SF Health Care Building Offered at $1,681,560 CAD in East Orange, NJ 07018
Investment Highlights
- • Licensed 33–34 Bed Facility with In-Place Income
- • Adaptive Reuse or Affordable Housing Opportunity
- • R-4 Zoning Allowing High-Density Multifamily
Executive Summary
146 S. Munn Avenue presents a compelling residential redevelopment opportunity in East Orange’s R-4 Multifamily District, where zoning supports a range of higher-density residential uses.
Situated on approximately 0.41 acres, the property offers developers the ability to reposition, expand, or redevelop the site for multifamily, affordable housing, supportive housing, or senior housing, subject to approvals.
The value is in the land and redevelopment potential, not the current use. This is an opportunity to unlock residential density in a growing, transit-accessible submarket with increasing demand for well-located housing.
The existing ±5,476 SF structure provides optionality, including potential interim use or holding income while development plans, entitlements, and financing are secured.
East Orange continues to attract multifamily investment, with recent sales and development activity supporting long-term residential fundamentals. This offering is well suited for developers and value-add investors seeking a residential redevelopment play in Essex County.
Buyer to independently verify zoning, density, permitted uses, and redevelopment potential.
Situated on approximately 0.41 acres, the property offers developers the ability to reposition, expand, or redevelop the site for multifamily, affordable housing, supportive housing, or senior housing, subject to approvals.
The value is in the land and redevelopment potential, not the current use. This is an opportunity to unlock residential density in a growing, transit-accessible submarket with increasing demand for well-located housing.
The existing ±5,476 SF structure provides optionality, including potential interim use or holding income while development plans, entitlements, and financing are secured.
East Orange continues to attract multifamily investment, with recent sales and development activity supporting long-term residential fundamentals. This offering is well suited for developers and value-add investors seeking a residential redevelopment play in Essex County.
Buyer to independently verify zoning, density, permitted uses, and redevelopment potential.
Property Facts
| Price | $1,681,560 CAD | Lot Size | 0.41 AC |
| Price Per Bed | $49,458 CAD | Building Size | 5,476 SF |
| Sale Type | Investment or Owner User | No. Beds | 34 |
| Sale Condition | Redevelopment Project | No. Stories | 3 |
| Property Type | Health Care | Year Built | 1912 |
| Property Subtype | Skilled Nursing Facility | Parking Ratio | 1.83/1,000 SF |
| Building Class | C | ||
| Zoning | R-4 | ||
| Price | $1,681,560 CAD |
| Price Per Bed | $49,458 CAD |
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| Property Type | Health Care |
| Property Subtype | Skilled Nursing Facility |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 5,476 SF |
| No. Beds | 34 |
| No. Stories | 3 |
| Year Built | 1912 |
| Parking Ratio | 1.83/1,000 SF |
| Zoning | R-4 |
Room Mix Information
| Description | No. Beds |
|---|---|
| - | 0 |
1 1
Exceptionally walkable
90/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 05-00215-0000-00005 | Improvements Assessment | $742,931 CAD |
| Land Assessment | $738,226 CAD | Total Assessment | $1,481,157 CAD |
Property Taxes
Parcel Number
05-00215-0000-00005
Land Assessment
$738,226 CAD
Improvements Assessment
$742,931 CAD
Total Assessment
$1,481,157 CAD
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146 S Munn Ave - Sterling Estates
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