$5.1 Million Multifamily Sale Completed in East Orange

October 21, 2026 - 22:54

A 44-unit multifamily property in East Orange has changed hands in a transaction valued at $5.1 million. The deal covers the building at 75 North Walnut Street, according to the brokerage that handled the sale.

The property adds to a growing list of multifamily trades in Essex County, where demand for rental housing has remained steady despite broader uncertainty in the commercial real estate market. Buildings of this size tend to attract interest from local investors and regional operators looking to expand their portfolios in densely populated suburban markets with strong transit access.

East Orange has seen increased investment activity in recent years as buyers pursue properties with value-add potential. Rents in the area remain lower than in neighboring Newark and the Oranges, which can offer upside for owners willing to invest in renovations and management improvements.

The sale reflects continued appetite for workforce housing stock in northern New Jersey, where supply constraints and steady renter demand have kept multifamily assets in favor with investors. Brokers involved in similar deals say well-maintained buildings with reliable income streams continue to draw multiple offers, even as financing costs remain elevated compared with recent years.

Details on the buyer and seller were not disclosed. The building's unit mix and occupancy status were also not immediately available.