Turnkey Two-Family Investment
579 Nassau St, Orange, NJ 07050
Fully renovated duplex in Valley Arts District, Orange, NJ.
Type:Multi Family
Lot size:
0.06 Acres- Added:
- Mar 24, 2026
- Days on Market:
- 50
- Last Refresh:
- Mar 19 at 9:17 am
Property Features for 579 Nassau St
General Information
- Standard status
- Active
- Lot size
- 0.06 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1889
Listing agent KATHERINE ELLIOTT
Listing office (973) 378-8300
Listing date Mar 24, 2026
Source Elliman
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 KATHERINE ELLIOTT
HighLights
- Turnkey, income‑generating two‑family property in the Valley Arts District.
- Fully renovated in 2021 with updated electrical, plumbing, kitchens, and baths.
- Each unit features 2 bedrooms, 1 bath, stainless steel appliances, in‑unit washer/dryer, and mini‑split systems for efficient heating/cooling.
- Conveniently located two blocks from Highland Place NJ Transit station with access to NYC.
- Private backyard access for both units.
- Strong Net Operating Income (NOI) of $33,024 annually with potential for rent increase.
Overview
This is a turnkey two-family investment opportunity located in the Valley Arts District of Orange, New Jersey. The property was fully renovated in 2021 and is currently generating income. Each unit features 2 bedrooms and 1 full bathroom. The apartments have been updated with modern conveniences and functional design. Both apartments include kitchens with stainless steel appliances, including dishwashers, in-unit stackable washer/dryers, and renovated bathrooms. Refinished hardwood floors and reconfigured layouts enhance the flow and livability. Capital improvements made in 2021 include updated electrical and plumbing systems, new kitchens and baths, and the addition of individual mini-split systems in each unit for heating and cooling. Both units have access to a private backyard. The property is located near local restaurants and approximately two blocks from Highland Place NJ Transit station, providing access to NYC and surrounding areas. The current monthly income is $4,125, with potential rent increase for Unit 1 currently listed at $2,250. Monthly operating expenses are $1,373, resulting in a Net Operating Income (NOI) of $33,024 annually. This income-producing asset with modern systems is suitable for investors or owner-occupants seeking low-maintenance ownership.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Orange
- County
- Essex
- State
- New Jersey
- Longitude
- -74.2475498
- Latitude
- 40.7646684
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Fully renovated duplex in Valley Arts District, Orange, NJ.
Where is this duplex located?
The property is located at 579 Nassau St Orange, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Turnkey, income‑generating two‑family property in the Valley Arts District.; Fully renovated in 2021 with updated electrical, plumbing, kitchens, and baths.; Each unit features 2 bedrooms, 1 bath, stainless steel appliances, in‑unit washer/dryer, and mini‑split systems for efficient heating/cooling.
