481 William St East Orange, NJ 07017
- Added:
- Mar 17, 2026
- Days on Market:
- 51
- Last Refresh:
- May 6 at 6:06 am
Property Features for 481 William St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Residential
- Rooms
- Basement
- Basement Y/N
- 1
- Standard status
- Active
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 81277
Building Details
- Year built
- 1955
- Floors in Building
- 4
- Number of units
- 26
- Building materials
- Block, Brick
- Roof type
- Flat
- Architectural style
- Other
Listing agent RANIA NAPORLEE (973) 696-0077
Listing office KELLER WILLIAMS PROSPERITY REALTY 1700 RT. 23 NORTH, Wayne, NJ (973) 696-0077
Listing date Mar 17, 2026
MLS# 4014919
Listing URL
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
East Orange Multifamily Investment Opportunity
This four-story brick building in East Orange City, NJ, features 26 units, including 15 one-bedroom and 11 two-bedroom apartments. The property is situated in a location with ongoing redevelopment and new construction. The boiler and hot water heater are less than 5 years old, and the elevator was updated in 2006. The roof has been updated multiple times, with the last update in 2018. Four units are currently undergoing renovation and will be rented at market value during the contract period. All units were fully renovated 20 years ago, with many renovated again before re-renting, and are reported to be in great condition. A live-in superintendent manages the property. Security cameras are installed and included in the sale. Located near the train station and between the Garden State Parkway and Route 280, the property offers convenient access to transportation. The lot size is 0.19 acres. The property is zoned for residential use. The building presents a potential investment opportunity, with many rentals currently below market value.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- East Orange
- County
- Essex
- State
- New Jersey
- Longitude
- -74.21477
- Latitude
- 40.76635
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 26-unit building near transportation and redevelopment.
Where is this apartment building located?
The property is located at 481 William St East Orange, NJ.
What is the asking price?
The asking price for this property is $4,299,000.
What are key features of this property?
This property features: Prime location with significant redevelopment and new construction activity.; High income potential due to below‑market rents and ongoing unit renovations.; Well‑maintained building with recent updates to boiler, hot water heater, elevator, and roof.
