214 Glenwood Ave 45 Unit Apartment Building $11,299,436 CAD ($251,099 CAD/Unit) 6.10% Cap Rate East Orange, NJ 07017

The Glenwood is a five-story, 45-unit mid-rise apartment community offering a diverse mix of one, two, and three-bedroom units that cater to a broad tenant base. The property showcases classic architectural charm with features such as arched hallways and high ceilings, complemented by practical amenities including an elevator, on-site laundry facilities, parking, and 24-hour access. Units are well-appointed with hardwood floors, spacious bedrooms, and eat-in kitchens with essential appliances, delivering a blend of character and functionality. The asset also presents a compelling value-add opportunity through strategic unit renovations and operational efficiencies to further drive rental growth.
The property is ideally located in East Orange, Essex County, with strong access to regional transit and key employment centers. It is approximately a 5-minute drive to East Orange and Brick Church stations, providing NJ Transit service with direct connections to Newark and New York Penn Station in about 35 minutes, making it highly attractive to commuters. The surrounding neighborhood offers convenient access to retail corridors, grocery stores, dining options, and local parks, enhancing overall livability. Additionally, major employers such as Seton Hall University, East Orange VA Medical Center, University Hospital, and Panasonic are all within a short commute, further supporting stable tenant demand and long-term occupancy.
For additional information, please visit: https://glenwood.hudsonatlantic.com