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$799,000
Est. payment /mo
4 Beds
4 Baths
4,791 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4057697
Style Fourplex
Bedrooms 4
Full Baths 4
Year Built 1921
Annual Tax Amount $18,031
Tax Year 2025
Lot Size 4,791 Sqft
Property Description
Turnkey 4-unit investment opportunity in the heart of West Orange! This well-maintained multifamily property features four spacious 1-bedroom, 1-bathroom units with separate utilities, allowing tenants to pay their own gas and electric while the owner pays water. A rare opportunity for both investors and owner-occupants, the property offers three vacant units ready to be leased at current market rents and one month-to-month tenant paying below-market rent, creating immediate upside and exceptional value-add potential. Increase cash flow from day one by bringing rents to market rates while benefiting from the flexibility of the month-to-month tenancy. Conveniently located near shopping, restaurants, public transportation, major highways, and all that West Orange has to offer, this is an outstanding opportunity to maximize NOI and build long-term equity in one of Essex County's strongest rental markets.
Location
State NJ
County Essex
Rooms
Basement Unfinished
Interior
Heating Gas-Natural
Cooling Wall A/C Unit(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Garage No
Building
Sewer Public Sewer
Water Public Water
Architectural Style Fourplex
Others
Senior Community No
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