Gutted Two-Family Conversion
103 Orange Road Montclair, NJ 07042
103 Orange Road, Montclair, NJ, 07042
$1,250,000
For Sale
$1,250,000
Currently a two-family home, fully gutted and supported by town-approved plans for a custom single-family residence.
Property Size5,000 SF
Price / SF$250
Days on Market46
Property Features for 103 Orange Road
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Multi Family / Duplex-Side by Side
Building Details
- Year Built
- 1880
Listing agency
BMOORE REALTY
(908) 760-0506
Listed by
BRIDGET MOORE · License #280173
(908) 760-0506
Source
Compass
Added: Jun 6 Updated: Jul 21 at 7:56AM Checked: Jul 21 at 7:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BMOORE REALTY
Investment Insights
Based on property information with market context.
The property is currently configured as a two-family home and has been fully gutted, offering a clean slate for a full custom buildout. Town-approved plans are in place to transform the site into an approximately 5,000-square-foot single-family residence designed for modern living, including a primary suite and three additional bedrooms on the second floor.
The finished attic level is planned to add two more bedrooms, a spacious family room, and additional living space suitable for guests, a home office, or recreation. The completed home is planned to include five full bathrooms and a thoughtfully designed floor plan.
The site is described as being just moments from the train station, with walking access to Montclair’s downtown area, including restaurants, shops, entertainment venues, and cultural attractions.
The finished attic level is planned to add two more bedrooms, a spacious family room, and additional living space suitable for guests, a home office, or recreation. The completed home is planned to include five full bathrooms and a thoughtfully designed floor plan.
The site is described as being just moments from the train station, with walking access to Montclair’s downtown area, including restaurants, shops, entertainment venues, and cultural attractions.
Key Highlights
- Year Built 1880 with vinyl siding and composition shingle roof
- Currently configured as a two‑family home and fully gutted
- Town‑approved plans to convert to an approximately 5,000‑SF single‑family residence
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $127.8k | $25.56 |
| − Vacancy | −$8.3k | −$1.65 |
| EGI | $119.5k | $23.91 |
| − OpEx | −$35.9k | −$7.17 |
| NOI | $83.7k | $16.74 |
5,000 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.39M
NOI $83,681 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$1.10M
$961.1K – $1.28M
NOI $76,890 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,392 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Currently a two-family home, fully gutted and supported by town-approved plans for a custom single-family residence.
Where is this duplex located?
The property is located at 103 Orange Road Montclair, NJ.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Year Built 1880 with vinyl siding and composition shingle roof; Currently configured as a two‑family home and fully gutted; Town‑approved plans to convert to an approximately 5,000‑SF single‑family residence
