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$599,000 Just Listed
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Property Description
Discover a fantastic opportunity to own an income-producing 3-family property with a generous amount of parking in East Orange. This property offers opportunities to investors or homeowners seeking a primary residence. The property features a total of 6 bedroom and four bathrooms across three units including a two bedroom, two bathroom multilevel unit with bonus space in the basement. The two additional units each have 2 bedrooms and one bathroom. Whether you're an experienced investor looking to add a reliable asset to your portfolio or a house-hacker looking to live in one unit and rent the others, 42-48 Lake St is positioned for success.
Full Property Details
Full Property Details for 42-48 Lake St
General
- Price: $599,000
- Taxes: $12,163 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4021897
- Updated: 4/25/2026
- Added to Site: 6 day(s) ago
Interior
- Number of Rooms: 14
- Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Security System, See Remarks, Smoke Detector, Tile Floors, Wood Floors
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 6
Exterior
- Exterior Features: See Remarks
Location
- County: Essex
- Driving Directions: Dodd to Lake St
Heating & Cooling
- Cooling Type: No Cooling
- Heating Type: 3 Units, Baseboard - Hotwater
- Heating Fuel: Natural Gas
- Water Heater: Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas, Cable TV
Structural Information
- Architectural Style: 2-Two Story, Triplex
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished, Full
- Roof: Asphalt Shingles, See Remarks
- Square Feet: 2,500
- Year Built: 1930
Unit Information
Unit 1
- Unit Description: Bedrooms, Kitchen, Living Room, Porch, Utility Room
- Square Feet: 1050
- Levels/Stories: 2
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Unit Description: Bedrooms, Kitchen, Living Room, Porch, See Remarks
- Square Feet: 7
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Unit Description: Bedrooms, Kitchen, Living Room, See Remarks
- Square Feet: 6
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.18
- Lot Dimensions: 7705 SQ FT
- Driveway/Sidewalk: 2 Car Width, Additional Parking, Blacktop, Dirt, Driveway-Exclusive, See Remarks
- Lot Description: Cul-De-Sac, Irregular Lot, Level Lot
Financial Considerations
- Expenses: See Remarks
- Operating Expenses: $99,999
- Assessment Amount: $284,900
- Land Assmt: $90,400
- Tax Amount: $12,163
- Tax Year: 2025
Disclosures and Reports
- Exclusions: Personal Items.
- Disclosures: Yes
- Block: 832
- Lot Number: 28.01
Listed by Redfin Corporation
Get Pre-Approved Today
Schools
Schools serving 42-48 Lake St
School District:East Orange City School District
| Name | Grades | Distance |
|---|---|---|
Johnnie L. Cochran Junior Academy Elementary School 190 Midland Avenue, East Orange, NJ 07017 | K-5 | 0.3 mi |
Wahlstrom Early Chld Academy 340 Prospect Street, East Orange, NJ 07017 | PK-K | 0.6 mi |
Althea Gibson E C E Acd 490 William Street, East Orange, NJ 07017 | PK-K | 1 mi |
John L Costley Middle School 116 Hamilton Street, East Orange, NJ 07017 | 6-8 | 0.8 mi |
Patrick F Healy Middle School 116 Hamilton Street, East Orange, NJ 07017 | 6-8 | 0.8 mi |
Sojourner Truth Middle School 116 Hamilton Street, East Orange, NJ 07017 | 6-8 | 0.8 mi |
East Orange Campus High School 344 Prospect Street, East Orange, NJ 07017 | 9-12 | 0.7 mi |
East Orange STEM Academy 129 Renshaw Avenue, East Orange, NJ 07017 | 6-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 42-48 Lake St
Date
Details
Price
Change
Source
4/25/2026
Listed
$599,000
55.58%
MLS
5/18/2022
Sold
$385,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 42-48 Lake St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$11,788
8%
$375,300
—
2022
$10,906
36%
$375,300
—
2021
$8,001
—
$375,300
160%
2021
$8,001
4%
$144,400
—
2018
$7,701
-1%
$144,400
—
2019
$7,798
4%
$144,400
—
2017
$7,486
2%
$144,400
—
2016
$7,369
3%
$144,400
—
2015
$7,188
—
$144,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 42-48 Lake St
42-48 Lake St, East Orange, NJ 07017 (MLS# 4021897) is a Multi-Family property with 3 units containing 6 bedrooms and 4 full bathrooms. 42-48 Lake St is currently listed for $599,000 and was received on April 20, 2026. Want to learn more about 42-48 Lake St? Do you have questions about finding other Multi-Family real estate for sale in East Orange? You can browse all East Orange real estate or contact a Coldwell Banker agent to request more information.

