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Three-Bedroom Brand New Duplex Rental
For Lease
$4,650/Mo

116 Valley St 2, South Orange, NJ 07079

Brand new, fully rebuilt duplex offers three bedrooms, central air, and outdoor space with a dedicated parking spot.

Space SizeContact for details
Days on Market49

Property Features for 116 Valley St 2

General Information

Standard status Active
Total Parking Spaces 1
Property subtype Multi Family

Additional Details

Multifamily Units 2

Building Details

Year Built 1850
Listing Agency:
Listed By: JENNIFER GREENBERG
Source: Elliman
Added: Jun 18 Changed: Jul 10 Last Checked: Aug 5 at 8:03AM

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 JENNIFER GREENBERG

Investment Insights

Based on property information with market context.

This fully rebuilt duplex was gutted to the studs and completed as brand new construction throughout. The home offers three bedrooms across two floors, with high ceilings, oversized living and bedroom rooms, and all-new finishes. The second floor includes an oversized living room, a kitchen with a center island and stainless steel appliances, a private porch overlooking the backyard, one bedroom, and one full bath, along with a large walk-in closet. The third floor provides two oversized bedrooms with closets in each, a full bath, and full-size in-unit washer and dryer for dedicated laundry on your own floor. Central air, brand new appliances, and new systems are included, along with outdoor space.

The duplex is located in the heart of South Orange Village on Valley St. One parking spot is included and is identified as being at the third and Valley area. The South Orange Train Station is listed at approximately 0.02 miles away, placing major commuting options within about 30 minutes to New York Penn Station or Hoboken. Nearby amenities mentioned include food markets, restaurants, SOPAC, Baird Community Center, parks, and South Orange schools.

For tenants who want a rental that feels like a house, this layout provides separate living and sleeping areas across two floors, private laundry, and dedicated outdoor space. With central air, in-unit washer and dryer, and a parking spot included, the unit is designed to support day-to-day comfort and convenience while keeping all interiors newly finished.

Key Highlights

  • Fully rebuilt duplex gutted to the studs with everything brand new, including appliances, systems, and finishes
  • 3‑bedroom layout across 2 floors with 2 full bathrooms
  • Central air and high ceilings throughout

Property Analytics

Current Use

All Star Buy ... Car Dealership

Suggested Use

Top Pick Electrical Service Catering Service Carpet & Flooring Store Computer & Electronic Repair (Bike/Boat/Book/etc) Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,551
Businesses Nearby

Demographics for 07079, NJ

18,597
Population
6,131
Households
3
Avg Household Size
34
Median Age
76%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
6,413
Density / Sq Mi
$184,769
Median Household Income
$75,829
Median Earnings
$2,067
Median Rent
$808,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Brand new, fully rebuilt duplex offers three bedrooms, central air, and outdoor space with a dedicated parking spot.
Where is this duplex located?
The property is located at 116 Valley St 2 South Orange, NJ.
What is the lease rate?
The lease rate is $4,650/Mo.
What are key features of this property?
This property features: Fully rebuilt duplex gutted to the studs with everything brand new, including appliances, systems, and finishes; 3‑bedroom layout across 2 floors with 2 full bathrooms; Central air and high ceilings throughout
More about this property
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