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    491 Norwood St East Orange, NJ 07018

    For Sale
    $550,000

    Multi-Family, 2-Two Story - East Orange City, NJ

    Lot size:
    0.06 Acres
    Days on Market:
    90
    Last Refresh:
    Dec 7 at 8:06 am

    Property Features for 491 Norwood St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen
    Bedrooms
    5
    Bathrooms
    3
    Interior features
    Carpeting, Vinyl-Linoleum Floors
    Basement Y/N
    1
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Other (Heating), Steam
    Cooling system
    Attic Fan

    Building Details

    Year built
    1925
    Number of units
    2
    Building materials
    Aluminum Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Real Broker LLC

    Listing agent DARY M ORTEGA (855) 450-0442

    Listing date Sep 9, 2025

    MLS# 3977309 Listing URL

    Copyright © 2025 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 Multi-Family Investment Opportunity

    This 1925 two-family home presents an investment opportunity in East Orange City, NJ. The property is located near transit options, parks, and shops. The first-floor unit has the potential to offer 2 bedrooms, a modern eat-in kitchen, hardwood and tile floors, and a spacious living and dining area. The second-floor unit features 3 bedrooms, 1 bath, and attic rooms. Both units have separate utilities and heating. The attic and basement each have its own separate entrance which could be renovated into a separate space. The lot size is 0.06 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Orange
    County
    Essex
    State
    New Jersey
    Longitude
    -74.22665
    Latitude
    40.74898

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    FAQs

    What type of property is this?
    Duplex - Income-generating two-family home in East Orange near transit and amenities.
    Where is this duplex located?
    The property is located at 491 Norwood St East Orange, NJ.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Income-generating two-family home in a desirable East Orange location.; - Short sale approved by bank.; - Potential for renovation and increased rental income.
    (855) 450-0442
    Request Owner's contact information
    491 Norwood St East Orange, NJ 07018
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    East Orange, NJ 07018
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    491 Norwood St East Orange, NJ 07018
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